Answer: A. the government blocks entry, control of a key resource, network externalities, and economies of scale.
Explanation:
The behavior of Albert is consistent with the law of demand.
The basic law of demand says that the higher the price of a commodity, the lower the quantity demanded; and the lower the price of a commodity, the higher the quantity demanded.
Albert went to his local store, hoping to buy a pair of Levi's for $30, however, when he got there, the price was lower at $18, he then decided to buy more than one because the price was lower. This is the law of demand taking place.
Answer:
ignored the concept of scarcity
Answer: U.S. banks that cannot borrow elsewhere
Explanation:
Lender of last resort is.a situation that occurs when the central bank in a country gives loans to the commercial banks in the country when they are going through financial difficulties.
In this scenario, The Federal Reserve S role as a lender of last resort involves lending to U.S. banks that cannot borrow elsewhere.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Direct materials= $30
Direct labor= $36
Variable overhead= $24
<u>Under the variable costing method, the unit product cost is calculated using the direct material, direct labor, and unitary variable overhead.</u>
Unitary product cost= 30 + 36 + 24= $90
