<span>This is a negative externality. Since the cost of the traffic being in the community is not being borne by the theatre company itself, it is negative. The community as a whole is having to pay for the extra $5 in costs that will be accrued as a result of selling each ticket.</span>
Answer: after adjusting entries have been journalized and posted.
Explanation:
Answer:
people will buy less of the good.
Explanation:
Law of demand states that there is an inverse or negative relationship between the price of the goods and the quantity demanded for a good by the consumers.
Other factors remains the same, as the price of the goods increases then as a result the quantity demanded for that good decreases and on the other hand, as the price of the goods decreases then as a result the quantity demanded for a good increases.
A market with a higher prices are generally have a lower quantity demanded for the good because the price is not affordable.
Answer:
$6,750
Explanation:
The computation of the annual depreciation using the straight line method for the first and second year is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($31,200 - $4,200) ÷ (4 years)
= ($27,000) ÷ (4 years)
= $6,750
In this method, the depreciation is the same for all the remaining useful life
So in the given case, the first year and the second year depreciation is $6,750 respectively and the same is to be charged every year
rising taxes would increase the price of living. seeing little to none job opportunities people would move out of the cities increasing the strain on taxpayers and government.