Answer: The total output should remain the same in order to achieve allocative and productive efficiency.
Explanation: Total surplus is at Maximum when the price equals the market equilibrium price.
Answer: Option (d) is correct
If consumption increases, the AD curve will shift rightward, which will increase the price level.
Explanation:
If the consumption increases in an economy as a result there is a rightward shift in the aggregate demand curve. This shift in the aggregate demand curve lead to increase in the price level as well as in the output level.
Because there is more demand in the economy which gives an advantage for the producer to charge higher price.
Answer:
True
Explanation:
This statement is true because it is in consonance or agreement with the law of supply which states that<em> </em><em>the quantity of a product produced and supplied of a commodity moves in the direction of the price of such commodity, assuming all other factors determining supply remain the same or constant (i.e. ceteris paribus). </em>On the other hand, the quantity of a product produced and offered for sale will reduce as the price of the product falls.
The answer for this question is: $126,749 per violation
The ground for this huge amount is by wilful violate the rules, the employer basically putting his/her employee's life in danger on purpose, so the punishment for this should be a lot higher.
This amount is exactly ten times the amount of penalty imposed to the employer who commits willful violation ($ 12,675)
The answer to this question is a manufacturer type of company. A manufacturer is a company / business or a person that makes / produce products in large quantities. In this question, Nabisco is a manufacturer of oreo cookies. Manufacturers produce goods either through a machine or manual labor.