The following data relate to the Torrence Company for May and August of the current year: May August Maintenance hours 25,000 30,000 Maintenance cost $1,212,000 $1,287,000 May and August were the lowest and highest activity levels, and Torrence uses the high-low method to analyze cost behavior. Which of the following statements is true?a. The fixed maintenance cost is $725,000 per month. b. The variable maintenance cost is $43 per hour. c. The variable maintenance cost is $47 per hour. d. More than one of the other answers is true. e. The variable maintenance cost is $45 per hour.

answer; (a) conduct a worksite inspection;

a. primarily outdoors, responding to emergencies and protecting people.

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answer; /// the use of a bank credit card to make purchase;

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.