Answer:
A - increased equilibrium price and quantity.
B - decrease in equilibrium price and quantity.
C - increase in equilibrium price and quantity
Explanation:
A the demand for Shakespeare play will increase because of death of Marlowe which means price of Marlowe plays would increase because of short supply and this would cause an indirect increase in price of Shakespeare plays which results in rightward shift of demand curve for Shakespeare play thereby increasing equilibrium price and quantity.
B a lot of population would deter from seeing Shakespeare plays to avoid contracting diseases which cause drop in demand and demand curve would shift to the left thereby causing equilibrium price to decrease.
C the queens commissioning of new plays for the festival weeks would increase demand for Shakespeare plays at any given price which would cause rightward shift of demand curve resulting in increased equilibrium price.
This implicates that you have to pass several tests from IRS, usually revolves around your primary employment and the amount of income you get from your business. If you somehow do not meet the standard in IRS test, IRS will classify your business as a hobby business and you wouldn't be allowed to use any expenditures as tax deductions
Answer:
Fixed Cost and Variable cost
Explanation:
it is the Variable cost that consist of firm's expenditures made before production while fixed cost comes regardless of the level of production.
Answer:
$15,525
Explanation:
Calculation for ending inventory under variable costing
Using this formula
Units in ending inventory = Units in beginning inventory + Units produced −Units sold
Thus,
= 0 units + 5,500 units −4,350 units
= 1,150 units
Formula for Value of ending inventory under variable costing
= Unit in ending inventory × Variable production cost
= 1,150 units × $13.50 per unit
= $15,525
Wage discrimination
when somebody is paid less than somebody else based upon a physical characteristic
