Oil-based products are a significant part of the materials used to build sailboats. what is likely to happen in the market for new sailboats and in the market for sails, if the price of oil begins to rise? a. equilibrium quantity will be larger in both; equilibrium price will be higher in both. b. equilibrium quantity will be lower for sailboats and higher for sails; equilibrium price will be higher for both. c. equilibrium quantity will be lower for sailboats and sails; equilibrium price will be higher for sailboats and the change in equilibrium price for sails is ambiguous. d. equilibrium quantity will be higher for sailboats and lower for sails; equilibrium price will be higher for sailboats but lower for sails.
Answers: 3
Business, 22.06.2019 10:20, LadyHolmes67
Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.
Answers: 1
Business, 22.06.2019 13:50, tinasidell1972
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
Answers: 2
Business, 22.06.2019 16:30, piratesfc02
Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?
Answers: 2
Oil-based products are a significant part of the materials used to build sailboats. what is likely t...
Arts, 25.06.2019 03:00