Which of the following accurately describes a shortage?

a) consumer demand for a certain car is greater than the number of cars that can be produced.
b) the cost of producing a car is higher than the sale price of the same car.
c) a scarcity of natural resources pushes car companies into researching alternative fuels.
d) a car company tries to charge too high a price for a car and has to offer a rebate.

Use this image to answer the following question. when the economy is operating at point b, the us congress is most likely to follow

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.

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