Suppose there an increase in production cost decreases the supply of wheat, such that less wheat is supplied at each price level. after the decrease in supply, the equilibrium price a. increases b. decreases c. stays the same

Explain the law of diminishing marginal utility as the basis for the slope of the travellers demand curve

In its first year of operations, sunland company recognized $30,000 in service revenue, $8,100 of which was on account and still outstanding at year-end. the remaining $21,900 was received in cash from customers. the company incurred operating expenses of $18,600. of these expenses, $12,880 were paid in cash; $5,720 was still owed on account at year-end. in addition, sunland prepaid $3,270 for insurance coverage that would not be used until the second year of operations. (a) calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.

Samantha, who is divorced and has no children, lived with her roommate, sybil, for the entire year. sybil received $2,000 of unemployment compensation and she has no other income. samantha paid most of the cost of keeping up the apartment and most of sybil's support. which filing status can samantha use