Papenfuss family inn is a bed and breakfast establishment in a converted 100-year-old mansion. the inn's guests appreciate its gourmet breakfasts and individually decorated rooms. the inn's overhead budget for the most recent month appears below: activity level 78 guestsvariable overhead costs: supplies $ 136.50 laundry 577.20 fixed overhead costs: utilities 381.00 salaries and wages 5,430.00 depreciation 3,580.00 total overhead cost $ 10,104.70 the inn's variable overhead costs are driven by the number of guests. what would be the total budgeted overhead cost for a month if the activity level is 68guests?

answergoing to the symphony;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.