The Sweet Success Bakery sells 500 cakes at a price of $10 per cake. Its total economic costs for producing 500 cakes are $500. The Sweet Success Bakery's economic profits are

Who believed that managers make decisions based on their assumptions of human nature?

a. mcgregor b. taylor c. ratter d. johnson

Which of the following is a result of imposing a rent ceiling?

A) There is an increase in the quantity of apartments demanded. B) The marginal benefit of the last apartment rented is less than the marginal cost of supplying it. C) Some consumer surplus is converted to producer surplus. D) There is an increase in the quantity of apartments supplied.