Answer:
a. ATC curve to shift upward
Explanation:
Average cost pricing is a form of pricing that appears as one of the ways in which the government operates a monopoly market. The government, however, may utilize average cost pricing as a tool to oversee prices monopolists may charge.
In other words, this implies that Monopolists always incline to produce less than the optimal amount boosting the prices up.
Hence, the problem with average-cost pricing regulation is that once it is in place, there is a tendency for the: "Average Total Cost curve to shift upward." This can be a result of an increase in output and reduction price
Answer: Cost leadership strategy.
Explanation:
Jake Lamps is making use of cost leadership strategy, where their products are set at lowest cost price in a market where they have competitors present. Cost leadership strategy, is a useful tool in a market which comprises of prize sensitive consumers.
Answer and Explanation:
The computation of the total assets, total liabilities and the net worth is shown below:
Total assets = liquid assets + investment asset + household assets
= $3,200 + $7,340 + $97,890
= $108,430
The total liabilities is
= Current liabilities + long term liabilities
= $1,670 + $70,230
= $71,900
So, the net worth is
= Total assets - total liabilities
= $108,430 - $71,900
= $36,530
The best explanation for the rise in economist salaries and the fall in accounting salaries would be (B) The supply of economists must have decreased, and the supply of accountants must have increased.
<h3>Why is this the best explanation?</h3>
When there is a decrease in the supply of a commodity, its prices will go up. The salaries of economists went up because the number of economists available, decreased.
When there is an increase in the supply of something, the price will decrease. This is why the accountants saw their salaries decrease - the number of accountants available increased.
In conclusion, option B is correct.
Find out more on demand and supply at brainly.com/question/4804206.
Answer:
<u>a) Competent parties</u>
Explanation:
This is not an essential element of such a contract because basically we would not expect a minor to be involved in a transaction of a four-family residential resale property.
Remember, competent parties contract requirements are that the two parties in the sale contract should be persons legally and mentally capable of entering into contracts that is enforceable by law.
