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gizmo_the_mogwai [7]
3 years ago
15

Which statement best describes the current price for the good shown in this

Business
1 answer:
Marina86 [1]3 years ago
5 0

Answer:

The Current price will result in a low supply for the good.

Explanation:

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Holding all other things constant, a higher price for ski lift tickets would a) increase the number of skiers. b) increase the p
slega [8]

Answer:

The answer is C. decrease the number of skis sold

Explanation:

This satisfies the popular law of demand which states that other things being equal, the higher the price the lower the quantity demanded and vice-versa.

Ski lift is a normal good which also satisfies the law of demand. The elasticity of demand is elastic meaning 1% increase in price will lead to a significant decrease in quantity demanded.

3 0
3 years ago
If someone produced too little of a good, this would suggest that rational choice cannot be applied to many economic decisions.
juin [17]
If someone produced too little of a good, this would suggest that the good was produced to the point where its marginal benefit exceeded its marginal cost.
Both are metrics used in economics for measurement of costs and benefits.
Marginal benefit is the gain the business receives for doing anything "one more time.", while marginal cost is the additional cost the business incurs to produce one more unit.
This means that if someone produced too little of a good, the business gained more than it lost.
8 0
3 years ago
Help!!
Marat540 [252]

Answer:

Unethical behavior?

Explanation:

Ethics and morals are similar but aren't the same, but that's the closest answer I can give. Ethical decisions are made to get the best possible outcome. Which choice will lead to the best outcome? So whether or not it is a moral decision it is made to ensure the best result. To do the, "wrong thing" or to "lack morals" would most be compared to unethical behavior.

I hope this helped ^^

6 0
4 years ago
The Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 in.
san4es73 [151]

Answer:

commercial banks and thrift institutions

Explanation:

The Federal Deposit Insurance Corporation was established in 1933 and its sole aim is to ensure deposits. The deposits that are insured by the FDIC are from $250,000 and above deposits of various accounts (savings, checking, etc), certificates of deposits, etc.

Cheers.

4 0
3 years ago
Which one of the following lubricants is recommended for use in gearboxes?
Svet_ta [14]
The correct answer is letter d. Automobile grease. Automobile grease is recommended for use in gearboxes. Grease is considered a semisolid lubricant. It literally consists of soap emulsified with vegetable oil and mineral oil. The <span>feature of greases is that they possess a high initial </span><span>viscosity.</span>
3 0
4 years ago
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