Answers
Economic members will choose based on the principle of marginal benefit equaling marginal cost because at this point, resources are being utilized efficiently.
What is the meaning of marginal benefit equals marginal cost?The principle that marginal benefit equals marginal cost refers to economic members producing goods or making decisions at the point where the benefit of each additional unit is equal to the cost of that unit.
The reason for this is that at this point, resources are most efficiently being utilized. This is because marginal benefits are not so large that resources are being underutilized, and marginal costs are not so large that resources are being over utilized.
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Related Questions
Why are most African countries finding it difficult to experience vast
development as compared to most countries in the North?
Answers
We find that poor economic policies have played an especially important role in the slow growth, most importantly Africa's lack of openness to international markets. In addition, geographical factors such as lack of access to the sea and tropical climate have also contributed to Africa's slow growth.
Our effects advise that domestic funding, net ODA inflows, training, government effectiveness, city population, and metal costs genuinely and substantially affect Africa's financial boom.
These endemic problems range from abject poverty, violence, underutilise agriculture, and infrastructure, lack of getting right of entry to credit centers, social fractionalisation, poor health facilities, terrible monetary to catastrophic civil unrest; which is probably associated with illiteracy, lack of proper establishments and exploitation by way of corrupt.
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Havel and Petra are married and will file a joint tax return. Havel has W-2 income of $38,588, and Petra has W-2 income of $46,227.
Use the appropriate Tax Tables and Tax Rate Schedules.
Required:
a. What is their tax liability using the Tax Tables?
b. What is their tax liability using the Tax Rate Schedule?
Note: Round your intermediate computations and final answer to 2 decimal places.
a. Tax liability using Tax Tables
b. Tax liability using Tax Rate Schedule
Answers
1. The liability using Tax Tables will be $7186
2. The tax liability using Tax Rate Schedule is $7,185.28
How to calculate the tax liability?A tax is a mandatory fee or financial charge that a government imposes on a person or a business in order to raise money for public projects like building the greatest infrastructure and services. Different public expenditure programs are then funded with the funds that have been raised. Tax liability is the sum of money that a person, company, or other entity owes to a federal, state, or municipal taxing body.
Total Income ($38,588 + 49,381) $87,969
Less: Standard deduction 2020 for Married Filing Jointly -24,800
Taxable Income $63,169
Tax liability using the tax table $7,186
Tax liability using tax rate Schedule $7,185.28
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Why is it important to include a person's title when developing a reference sheet?
Answers
Answer with Explanation:
It is important to include a person's job title when developing a reference sheet because it shows the person's position and level of experience in his field. Reference sheets are meant to help you get connections that will boost your probability of getting hired. The better the job titles of the people you've listed on your reference list, the more confidence you'll have in the hiring process. The Human Resource wants to talk to people who have the credibility to attest to your past performances and credentials.
It is important to list those people whom you have worked with in a similar context. For example, listing your supervisor on your reference sheet rather than listing someone who is not related to you at work.
Reference sheets are documents that specify the people who can vouch for our character. It is important to include a person's title when developing a reference sheet because it tells the hiring manager that we have relationships with people who are outstanding in a field.
If they can attest to our suitability, then we are likely trustworthy.
Hiring managers might want us to present reference sheets that indicate our referees.It is important to attach titles to the names of these referees because it tells the hirer that responsible members of society are willing to attest to our conduct. This will make the employer more confident in us.Learn more here:
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Question 10 of 20
Which situation best describes a monopoly?
Answers
A monopoly expresses a market situation where one company owns all the market share and can control prices and output.
What are some instances of a monopoly?A monopoly is a company who is the sole seller of its product, and where there are no comparable substitutes. An unregulated monopoly has market control and can influence prices. Examples: Microsoft and Windows, DeBeers and diamonds, your local crude gas company.
What forces monopoly?Monopolies can occur when one business owns a key resource. These are typically physical resources, such as diamonds. For example, if there is only one diamond abundance in the country, the business that owns it will be able to gain a monopoly.
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Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
Answers
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
Payment of $1,000 payables *
Increases an asset $1,000; decreases an asset $1,000
Decreases a liability $1,000; decreases an asset $1,000
Decreases a liability $1,000; increases owner's equity $1,000
None of the above
Answers
Answer:
None of the above
Explanation:
Given that the question is about Payment of $1,000 payables, then in a journal account, there will be a record of "Decreases in account payable $1,000; increases in cash $1,000"
Hence, considering the available options, the right answer to the question is "None of the above"
Essay
on How Mobile Phones
changed your life?
Answers
Our attitudes and expectations have altered as a result of the smartphone. People are required to call on their cell phones to let others know if they will be late for a meeting.
Choosing a time and location for the meeting is no longer required. Simply contact each other on their mobile phones and let them know where you are right now. Early cell phones could only send and receive email, make basic calls, transmit faxes, and perform a few other extremely restricted tasks. Cellular phones can do everything now.
In addition to being able to send messages, emails, and make calls, you also have access to the entire range of computer features. Due to smartphones, our attitudes and expectations have changed. If someone will be late for a meeting, they must call the other party on their mobile phone.
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Ms. Lan is considering purchasing a Sunrise apartment for $220,000. She will pay 10% down and $19,800 a year for 10 years. What is the real purchase price if Ms. Lan could get an interest rate of 5% on invested money (Don’t write currency symbol, round up to 2 decimal numbers
Answers
Explanation:
The down payment is 10% of $220,000 = $22,000.
The total amount Ms. Lan will pay over 10 years is $19,800 x 10 = $198,000.
To find the real purchase price, we need to calculate the present value of the annual payments at an interest rate of 5%.
Using the formula for present value of an annuity:
PV = PMT x [(1 - (1 + r)^-n) / r]
where PMT is the payment, r is the interest rate per period, and n is the number of periods.
In this case, PMT = $19,800, r = 5%/year = 0.05/year, and n = 10 years.
PV = $19,800 x [(1 - (1 + 0.05)^-10) / 0.05]
PV = $154,345.45
So the real purchase price of the apartment is the down payment plus the present value of the annual payments:
Real purchase price = $22,000 + $154,345.45
Real purchase price = $176,345.45 (rounded to 2 decimal places)
Answer:
The amount of the down payment is $220,000 x 10/100 = $22,000.
The annual payment Ms. Lan will make for 10 years is $19,800, for a total of $19,800 x 10 = $198,000.
The total amount Ms. Lan will pay is $22,000 + $198,000 = $220,000.
To find the real purchase price, we need to find the present value of the $198,000 that Ms. Lan will pay over 10 years at an interest rate of 5%.
Using the present value formula, we get:
PV = FV / (1 + r)^n
where PV is the present value, FV is the future value, r is the interest rate, and n is the number of years.
Substituting the values we have, we get:
PV = $198,000 / (1 + 0.05)^10
PV = $198,000 / 1.6289
PV = $121,738.57
Therefore, the real purchase price is $22,000 + $121,738.57 = $143,738.45.
Help help businesses please please
Answers
Answer:
C
Explanation:
LRAS would shift left because there would be fewer workers available to produce goods at any given price. however sras is capable of shift left and right.
hope this helps <3
2. Carson Inc.'s manager believes that economic conditions during the next year will be strong, normal, or weak, and she thinks that the firm's returns will have the probability distribution shown below. What's the coefficient variation for this firm’s returns??
Economic
Conditions Prob. Return
Strong 25% 30.0%
Normal 45% 12.0%
Weak 30% -14.0%
Answers
The coefficient variation for Carson Inc.'s returns is 4.06.
The coefficient of variation (CV) is a measure of relative dispersion or risk for a set of data. It is calculated as the standard deviation divided by the mean of the data, expressed as a percentage.
First, we need to calculate the expected return for Carson Inc.'s returns:
Expected return = (0.25 x 0.30) + (0.45 x 0.12) + (0.30 x -0.14) = 0.045 or 4.5%
Next, we need to calculate the standard deviation
Standard deviation = √((0.25 x (0.30 - 0.045)²) + (0.45 x (0.12 - 0.045)²) + (0.30 x (-0.14 - 0.045)²)) = 0.1828 or 18.28%
Finally, we can calculate the coefficient of variation
Coefficient of variation = standard deviation / expected return = 0.1828 / 0.045 = 4.06
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A certificate of ownership in a corporation is called
Answers
You’ve recently learned that the company where you work is being sold for $525,000. The company’s income statement indicates current profits of $22,000, which have yet to be paid out as dividends. Assuming the company will remain a “going concern” indefinitely and that the interest rate will remain constant at 6 percent, at what constant rate does the owner believe that profits will grow
Answers
The estimated growth rate (g) is -0.0181, roughly.
The Gordon Growth Model, often known as the tip reduction model, can be used to calculate the constant rate at which the business owner anticipates gains to increase. This methodology determines a stock's natural value based on expected future growth and the required rate of return.
As the gains are declared to be paid out as tips in this instance, we can consider the company's gains to be original to tips. The tip growth rate(g) can be used to express the owner's perception of the growing rate of gains.
The Gordon Growth Model allows for the following calculation of a company's natural value:
natural Value = tips/( needed Rate of Return- tip Growth Rate)
Given
tips( gains) = $ 22,000
needed Rate of Return( r) = 6 = 0.06
natural Value( trade Price) = $ 525,000
The formula can be changed to account for the tip growth rate(g).
g = ( tips natural Value)- r
Substituting the given values into the formula
g = ($ 22,000/$ 525,000)-0.06
g = 0.0419-0.06
g = -0.0181
It's crucial to remember that a negative growth rate denotes decrease rather than rise in gains. Even so, it's likely that the negative growth rate is the result of factors that were overlooked when gathering the data, such as one-time losses or adjustments.
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True or False: Capital controls are government-imposed barriers to foreign savers investing in domestic assets or to domestic savers investing in foreign assets. A government that has a virtual monopoly over foreign exchange dealings may require that all foreign exchange earnings be turned over to authorized dealers. The government then allocates foreign exchange among domestic traders and investors at government-set prices.
Answers
Answer:
True hope it helped you sorry if i don't have explanationsFarmers Bank offers to lend you $50,000 at a nominal rate of 5.0%, simple interest, with interest paid quarterly. Merchants Bank offers to lend you the $50,000, but it will charge 6.0%, simple interest, with interest paid at the end of the year. What's the difference in the effective annual rates charged by the two banks? a. 1.56% b. 1.30% c. 0.72% d. 0.91% e. 1.09%
Answers
Answer: d. 0.91%
Explanation:
Farmers Bank
Effective annual rate is calculated with the formula:
= (1 + Rate / number of compounding period in a year) ^ number of compounding periods in a year - 1
= ( 1 + 5%/4 quarters) ⁴ - 1
= 5.09%
Merchants bank's rate is already an annual figure so there is no need for conversion.
Difference is:
= 6% - 5.09%
= 0.91%
For an economy, operating outside the production possibilities frontier:
Answers
For operating outside the production possibilities frontier, the economy should not be possible with the present resources & technology.
The information related to the production possibilities frontier should be considered:
It represents the possible combinations of goods that are manufactured with the available resources.If the combinations are on the PPF so it is feasible & efficient.If the combination is not on the PPF i.e. outside so it can't be feasible.If the combination is inside on the PPF so it is feasible but not efficient.Therefore we can conclude that For operating outside the production possibilities frontier, the economy should not be possible with the present resources & technology.
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Innovate ways where you can prove the law of action-reaction.
Answers
The ways where you as a person can prove the law of action-reaction are:
When a player pushes the ball forward with force while holding it, the ball pushes back on the player's hand.Student tugs on desk, which tugs back on student (This is how you can "pull" yourself forward.)How can the law of action and reaction be proven?When a person pushes against a wall (action force), the wall pushes back with an equal and opposing force (reaction force). The Space Shuttle lifts (there is no slingshot involved!) because the hot gases push out hot gases (action force) and exert a force on the Space Shuttle engines (reaction force).
Therefore, it can also be shown through Swimming. With the use of the hands, a forward-swimming individual forces the water to move backward. A response force is created as a result of the action force that the individual is exerting.
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Randolph is a 30 percent partner in the RD Partnership. On January 1, RD distributes $24,500 cash and inventory with a fair value of $23,600 (inside basis of $11,800) to Randolph in complete liquidation of his interest. RD has no liabilities at the date of the distribution. Randolph's basis in his RD Partnership interest is $39,725. What is the amount and character of Randolph's gain or loss on the distribution
Answers
Answer:
3425 LOSS
Explanation:
Randolph gain or loss can be calculated as
Gain/loss = Cash distribution + Inventory distribution - Basis in RD
Gain/loss = $24,500 + $11,800 - $39,725
Gain/loss = (3425) LOSS
As You can see RD distributing cash and inventory and they are less than his basis in RD
Often a company may start small with one product, and then add variations to that
product, creating a product line. From there, they may add other product lines to
their product mix. This is also sometimes referred to as ....
expanding
branching out
increasing stock
none of the above.
Answers
A company's product mix refers to all of the many product lines and unique products or services that it provides. Product portfolio or product assortment are other names for the same thing. Different firms have different product combinations.
A product line is what?A product line is a collection of connected goods sold by the same business and marketed under a single brand name. Businesses market many product lines under their various brand names in an effort to set them apart from one another for easier customer use.
What does a product line serve as?Product lines are used by businesses to broaden their audience and draw in additional customers. To entice current consumers to make more purchases, they broaden their product offerings. The usage of product lines by marketers
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Why should investors know the difference between nominal and real interest rates?
O to know what they are likely to lose
O to understand changes in monetary policy
to guarantee an investment's profitability
O to recognize the effects of inflation
Answers
Answer:
to recognize the effects of inflation
Explanation:
The nominal rate of interest is the interest earned before adjusting for inflation. The nominal interest rate is simple to recognize and calculate. It is the rate quoted on loans, deposits, bonds, and mutual funds. The nominal rate communicates to the investor the percentage of returns to expect from their investment. The higher the percentage, the better the returns. However, nominal interest does not take account of inflation.
Inflation erode the purchasing power of money. A high inflation rate will mean that any investment gains may not benefit the investor as the currency will have weakened. The real interest rate considers inflation rates. It tells the investor the actual gain from an investment after adjusting for inflation.
Answer:
To recognize the effects inflation.
Explanation: This is the correct answer on edg 2020 (just took the quiz) ^-^
The engagement team performed testing of the tax account rollforward and documented the following for testing of the income tax payments for the
current year, "Agreed balance to Tax payments/refunds schedule prepared by the client without exception." Which is the best response as a result of
your review?
Answer the question, then select Confirm
A. You consider the source of the payments/refunds schedule noting it comes from a key system and ITGCs were deemed to be
effective and add this fact to the team's documentation.
B. Additional procedures are not necessary, as the appropriate tie-out procedures were performed.
C. You consider the testing over the accuracy and completeness of management's schedule which has been performed in a
separate EGA, ensure the balance in the rollforward agrees to the testing performed, and enhance the tax team's documentation to
reference the additional testing.
D. As part your review of the team's work, you re-perform their procedures by agreeing the balance to the payments/refunds
schedule obtained from the client.
Confirm
Answers
The best response that you would have as a result of your review would be ; You consider the testing over the accuracy and completeness of management's schedule which has been performed in a separate EGA, ensure the balance in the roll forward agrees to the testing performed, and enhance the tax team's documentation to reference the additional testing.
What does it mean to carry out testing of tax account?This is the term that has to do with the performing of the procedure in such a way that it would be able to take care of an underlying account record or a given transaction.
The answer to this question is option C. You would have to ensure that you consider the testing over the accuracy and completeness of management's schedule.
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In the long run, a decrease in the money supply will
decrease real Gross Domestic Product (GDP).
decrease the price level.
increase real Gross Domestic Product (GDP).
increase the price level.
Answers
Answer:
decrease real Gross Domestic Product (GDP).
Explanation:
GDP represents the total value of a country output. The calculation of GDP using the expensive method is identical to that of the aggregate demand. Aggregate demand is the total of government spending, consumer spending, investment, and net exports. Therefore, GDP and aggregate demand are the same.
A decrease in the money supply leads to firms and households having less money to spend. Reduction in disposable income results in reduced consumer spending, which has adverse effects on aggregate demand. Therefore, reduced money supply results in a decline in consumer spending and reduced aggregate demand, leading to a reduction in a country's output.
g Financial information is presented below: Operating Expenses $ 90,000 Sales Returns and Allowances 26,000 Sales Discounts 12,000 Sales 300,000 Cost of Goods Sold 158,000 Gross profit would be
Answers
Answer:
$104,000
Explanation:
Calculation to determine what Gross profit would be
Using this formula
Gross profit=Sales -Cost of Goods Sold -Sales Returns and Allowances-Sales Discounts
Let plug in the formula
Gross profit=$300,000-$158,000-$26,000- $12,000
Gross profit=$104,000
Therefore Gross profit would be $104,000
QUESTION 3 of 10: You worked the following hours this week: Monday 8 AM to 5 PM, Tuesday 9 AM to 3 PM, Thursday 8:30 AM to 2:15 PM. You get a 30-minute unpaid lunch break every work day. How many hours will you be paid for this week?
Answers
Answer:
19 hours
Explanation:
8 and a half
5 and a half
5 and 15
What is the minimum internal cooking temperature for whole lobster
Answers
Answer:
145 degrees Fahrenheit
Explanation:
A fixed asset with a cost of $31,588 and accumulated depreciation of $28,429.20 is sold for $5369.96. What is the amount of gain or loss on disposal of the fixed asset
Answers
Answer:
$2,238.16
Explanation:
In the disposal of assets, gain or loss will be a comparison between the book value and the selling price.
Book value is the asset costs minus accumulated depreciation.
in this case, the book value will be
= Asset cost - Depreciation
= $31,588- $28,429.20
=$3,158.8 is the book value.
Gain or loss = selling price- book value
=$5,369.96 - $3,158.8
=$2,238.16
A gain of$2,238.16 will be gain from that sale.
making sure that a customer's goods are delivered on time is an important aspect of personal selling. t/f
Answers
The statement is true: making sure that a customer's goods are delivered on time is an important aspect of personal selling.
Personal selling is a face-to-face sales method where a salesman uses their people abilities to convince a consumer to purchase a specific product. The salesperson tries to persuade the consumer that the product will only add value by emphasizing its different qualities. However, the goal of personal selling is not always to convince a client to purchase a product. This strategy is frequently used by businesses to inform clients about new products.
The business uses a person-to-person strategy in order to raise awareness of the product. This is due to the fact that selling requires a personal touch, and salespeople are better at pitching a product to a potential customer. Retail and direct-to-consumer channels are the two various ways that personal selling can be done. In the retail channel, a salesperson deals with prospective consumers who come in by themselves to inquire about a product. The salesperson's responsibility is to ensure that he fully comprehends the needs of the consumers and displays the numerous products that fall into that category in accordance. In the direct channel, a salesperson meets prospective clients in an effort to inform them of a new product the company is introducing or about a new deal that the clients may not be able to obtain from the open market.
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2.4.3 Test (CST): Writing Letters and Email
Which of the following characteristics of a professional business letter
distinguishes it from a personal business letter?
OA. Personal business letters come from individuals representing a
company.
B. Professional business letters come from individuals writing on
their own behalf.
C. Many professional business letters are printed on letterhead.
D. Many personal business letters are printed on letterhead.
PREVIOUS
4
Answers
Professional business letters and personal business letters are different from each other in many ways. The difference between the two types of business letters can be distinguished by considering their characteristics.
What is a professional business letter?A professional business letter is a formal communication sent by an organization or a company. Such letters are used to communicate with clients, customers, and other businesses.
Professional business letters are different from personal business letters in several ways. These letters follow specific formats, are written in a formal tone, and contain information that is relevant to the business.
Also, they often use letterhead paper, include a professional salutation and closing, and are usually written by individuals who represent the company.What is a personal business letter?A personal business letter is a formal letter that is written by an individual to another individual.
It is usually used for communication that is not related to business. Such letters are often written to friends, family, or acquaintances. Personal business letters can also be used for professional purposes, such as applying for jobs or making inquiries. Personal business letters can be printed on letterhead paper.
However, it is not mandatory, and most of them are written on regular paper. These letters are usually written in a friendly tone and do not follow a specific format. Personal business letters do not include a salutation or closing, and they can be written by anyone.
These letters usually do not have a formal signature block, but the writer's name and address are included at the end of the letter.
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Pls someone helppp
Need it asap
Answers
Answer:
a. Net cash flow = £7230
b. Total payments = £11680
Explanation:
A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.
Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.
a. For the month of August.
Net cash flow = Receipts - Total payments
Net cash flow = 17400 - 10170
Net cash flow = £7230
b. For the month of September
Total payments = Raw materials + fixed costs
Total payments = 9340 + 2340
Total payments = £11680
Requirements for legal capacity for an individual are that a person must be at least sixteen and intelligent. true false
Answers
Answer:
False
Explanation:
You have to be 18
A U.S business sells milk to consumers in France. Which situation would most likely cause demand for milk to rise in France?
Answers
Answer:
Cheese and other milk products gain popularity in France
I hope this helps you
:)
Answer:
For mine, it was D but be careful with the letters. You want to look for the answer specifically. So, the answer is: French consumers expect the price of milk to increase in the future.
Explanation:
It's the most logical decision because the others say something about supply or demand going down. D) says something about the anticipation and that's all that humans need to freak ou and go for all the milk.
