The market rent of a one bedroom apartment is $1,000. The city goverment imposes a rent ceiling of $800 to make rent more affordable to the poors. Such rent control would likely lead to

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f

Why has the free enterprise system been modified to include some government intervention?

Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be: