Answer:
The correct answer is option D.
Explanation:
The market price is P.
The marginal cost is given at MC.
The subsidy is equal to s.
When the subsidy is provided to only a single firm, that firms marginal cost will decline. The firm can take advantage of decreased marginal cost by increasing the output level. The firm will produce the output where the price and marginal revenue is equal to marginal cost plus subsidy. At this point, the firm will be having maximum profit.
So, the firm will increase production until
P=MC+S
Answer:
b. rises and the quantity of dollars exchanged falls.
Explanation:
As provided that the curve shifts leftward that means the supply has decreased and that the price has fallen.
Accordingly people will tend to buy more dollars, but since the supply is less the exchange of dollars practically will fall because the supply has decreased and the supplier will not be ready to sell the same in low rates.
Accordingly the exchange rate of dollars will rise because of low supply.
Also the quantity will fall of actual exchange of dollars because the suppliers would not supply at low price in high demand.
Thus, option b is correct.
Forest ranger in Arizona and New Mexico in the early 1900s who advocated preservation of nautre's integrity. He wrote "...to keep every cog and wheel is the first precaution of intelligent tinkering..." also known as the Land Ethic
B. Aldo Leopold
Explanation:
- Forest ranger in Arizona and New Mexico in the early 1900s who advocated preservation of nautre's integrity. He wrote "...to keep every cog and wheel is the first precaution of intelligent tinkering..." also known as the Land Ethic
- B. Aldo Leopold
- Aldo Leopold is the only person who has said this line. It is also related to the facts given that Aldo was considered by many as the of wildlife management.
- he also had long arguement about that wilderness was vitally important to protect both for and from humans.
Answer:
The correct answer is: black market for apartments whereby higher rents are obtained through various other charges.
Explanation:
A price ceiling refers to an upper limit fixed for the price of a product or service. A rent ceiling means that rent cannot be charged higher than this limit.
This rent ceiling would create higher demand and a smaller supply of apartments. This is because of law of demand and law of supply.
Because of shortage of apartments in the market, a black market will be created where the apartment owners will be able to charge higher rents through other charges.
Answer:
Explanation:
A career is a type of occupation that is done during a specific period of time. Careers offer a chance for progress. When choosing a career, one should consider the following factors;
1. Job requirements
One should consider the job requirements of that particular career since these requirements always determine how well one will perform in his/her career. The job requirements to be considered are; education level, level of expertise needed, and the experience.
2. Short-term goals
A short term goal is a set of predetermined achievements that one needs to attain usually in a short time frame. A career is an undertaking that is always long-term and therefor needs long-term goals rather than short-term goals.
3. Skills and interests
A skill is a particular set of capabilities that enables one to perform better at a certain job. Some careers need a specific set of skills that if one cannot develop or acquire, then the career undertaking might prove very difficult. An interest is something that you like. It is always advisable to choose a career that you are interested in, since this gives one the passion to pursue it.
4. Ease of job search
The career that you want to pursue should be one that is marketable. Getting a job for a marketable career is much easier than one that is not as marketable. This helps in avoidance of frustrations of failed job searches.
