The correct answer is option B.
Surplus occurs for a consumer when the difference in the price a consumer set aside or is willing to pay for a particular commodity is higher than the actual...Read More
The correct answer to this question is B, market (b). Tax is a word which derives from the Latin word taxo. It is a charge which a taxpayer is required to pay by the government. Failure to pay...Read More
Business is a complicated matter. However, there are certain basics that will always remain the same. For instance, a person selling products at a specific rate may earn less than another person...Read More
All outlays made after the decision to construct a commercial plant and prior to the production of salable products.-reference: bartis, et al: appendix a, p. 119
a is correct. for our calculations,...Read More
A natural monopoly, franchised to be the exclusive supplier of a utility service to a specific area, is preferable to allowing multiple companies to compete for consumers.-reference: busby: chapter...Read More