Suppose there is a shortage in a local market for clean drinking water (assume this market is free and competitive). Which of the following most accurately explains why the shortage will not last in this market? red out of Select one: a. Buyers will compete with other buyers and push the price up thus creating an incentive for firms to bring more water to the area tion b. The price will not increase but firms will increase the quantity supplied to promote the social interest. c. The government will set a lower price so that more people can buy water d. Sellers will charge a lower price so it can sell more water

Witch is an example of a non durable good?

Kyle and alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters jane and jill, respectively, to attend the university of california. jane is a sophomore and jill is a freshman. kyle and alyssa's agi is $135,000 and they file a joint return. what is their allowable american opportunity tax credit after the credit phase-out based on agi is taken into account?

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?