Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold $586,000 Merchandise inventory, January 1 71,800 Merchandise inventory, December 31 62,000 Accounts payable, January 1 71,400 Accounts payable, December 31 65,000A. $569,800B. $582,600C. $576,200D. $586,000E. $595,800

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants

answerindividual preferences are not revealed in the market for the good;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.