Which of the following is the correct way to describe equilibrium in a market?

a. at equilibrium, the "fairest" price for output is achieved.
b. at equilibrium, demand equals supply.
c. at equilibrium, quantity demanded equals quantity supplied.
d. at equilibrium, market forces no longer apply.

Which of the following is an example of the use of fiscal policy by the u.s. government? a. congress makes it illegal for the police union to go on strike. b. the federal reserve bank lowers the interest rate on loans to corporations. c. the department of transportation increases spending on highway repairs. d. the supreme court rules that unions have the right to collective bargaining. 2b2t

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection