Answer:
c. The statement is false because the demand for incandescent light bulbs would increase as the price of compact fluor. light bulbs fell.
Explanation:
If improvements in production technology reduce the price of incadescent light bulbs, the normal thing that would happen is that demand for this good would increase, because now people will be able to buy the good at a lower price.
Answer and Explanation:
When there is price fixing between two competitors, if one competitor chooses to fix the price it should not exceed competutors marginal cost and should be above his marginal cost.
Since the price fixing of $10 will be fined then the ideal price to maximize the profit would be below the competitors price $ and above his marginal cost $.
The ideak price to maximize profits would be (competitors price $ + his marginal cost $)/2, This price would be above his marginal cost and below competitors price.
Answer:
Texas will be a better option as the net pay after income tax is higher than the other cities.
Explanation:
To consider the after-tax wages we must subtract the income taxes from the salaries:
Pennsylvania after tax income: 62,000 x (1-3.07%) = 60,096.6
Texas after tax income: 64,000
New York after tax income: 68,000 x ( 1 - 6.85%) = 63,342
I think the answer would be alone
The correct answer is "to obtain a Boater I.D.".
Some states in the United States do not require any boater I.D in order to drive a boat, yet some states in the US requires it citizens to apply for a Boater I.D. and go through a safety course in order for them to be approved and allowed to driver their watercraft, it is commonly due to safety regulations.
