Which of the following is an implication of the law of supply?
a. changes in the price of a good leads to a shift in the supply curve.
b. individuals will purchase fewer units at a higher price and more units at a lower price.
c. producers will offer more units at a higher price and fewer units at a lower price.
d. increases in money prices will lead to an increase in supply while increases in relative prices will lead to a decrease in supply.

Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods

Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400

Describe the three different ways the argument section of a cover letter can be formatted