Answer: Find the facts, look for the issue, identify the judge's reason and conclusion, locate the rules of law that govern the reasoning, and apply critical thinking to the judge's reasoning.
Explanation:
When reading cases, one must first get acquainted with the facts of the case so look for them first. From this you can be able to look for the issue in question.
After this then read the Judge's conclusion as well as the Judge's reason for concluding the case as such. The Judge will base their ruling on rules of law so you should locate those laws as well as others that you think might be relevant and then finally apply critical thinking to the Judge's decision to see if the Judge interpreted and applied the law as it should have been.
Answer:
The answer is C. Price would decrease, and quantity would decrease
Explanation:
When the demand for a good decreases, the equilibrium price will decrease and equilibrium quantity too will decrease.
The decrease in demand results in excess supply at the prevailing market price and excess supply will make price to drop and if this happens, the law of supply (the lower the price the lower the quantity supplied) will come to play, thereby decreasing quantity supplied.
Answer: average curve is on the rise or increase.
Explanation: When marginal cost falls, it drops to a minimum value and then increases again. This is because the marginal cost curve intersects both the average variable cost curve (AVC) and the (short-run) average total cost curve at their minimal points. So whenever marginal cost curve is above an average cost curve this implies that the average curve is on the rise or increase.
Answer:
The equity for this firm is $32,540
Explanation:
<u>Using the accounting equation we can solve for the equity:</u>
assets = Liabilities + Equity
Equity = Assets - Liabilities
Now, we need to determiante the totals for assets and liabilities and sovle for equity:
Cash 31,800
Supplies 740
Equipment <u> 11,300 </u>
Total Assets 43,840
Liabilities 11,300
Equity = 43,840 - 11,300 = <em>32,540</em>
Answer:
Option A is the better choice of the two given any positive rate of return.
Explanation:
