Business, 01.07.2020 15:01 landowatson123
Suppose that the president proposes a new law aimed at reducing healthcare costs: All Americans are required to eat one apple daily. Which of the following statements correctly describes the effect of this apple-a-day law?
A. The value of the marginal product of apple pickers increases.
B. The equilibrium price of apples increases.
C. The demand for apples remains unchanged.
D. The demand for apple pickers remains unchanged.
E. The marginal product of apple pickers increases.
F. The wage of apple pickers increases.
Answers: 1
Business, 21.06.2019 18:50
You are the manager of a firm that produces output in two plants. the demand for your firm's product is p = 20 − q, where q = q1 + q2. the marginal costs associated with producing in the two plants are mc1 = 2 and mc2 = 2q2. how much output should be produced in plant 1 in order to maximize profits?
Answers: 3
Business, 22.06.2019 06:00
For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are:
Answers: 2
Business, 22.06.2019 09:00
Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.
Answers: 1
Business, 23.06.2019 02:10
Which of the following best explains the purpose of a supply schedule? a. to calculate how much time it takes for distribution. b. to indicate how supply and demand relate to price. c. to show the relationship between quantity supplied and prices. d. to demonstrate how the supply decreases as price increases.
Answers: 1
Suppose that the president proposes a new law aimed at reducing healthcare costs: All Americans are...
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