Answer:
C. Bluestone Properties is permitted to charge a rent of $2,350 for 2-bedroom apartments that would rent for $2,500 in an unregulated market.
Explanation:
Rent ceiling is a form of price control which is known as price ceiling.
A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.
Rent ceiling increases consumer surplus and reduces Producer surplus.
Rent ceiling can lead to shortage of houses and emergence of black market.
Price ceiling is binding when it is set below equilibrium price.
I hope my answer helps you
Answer:
Contribute to the firm's strategic position as either low-cost leader or differentiator.
Explanation:
To help a firm achieve a competitive advantage, each distinct activity performed in the value chain needs to contribute to the firm's strategic position as either low-cost leader or differentiator. In order to achieve a sustainable competitive advantage, a firm must either perform its activities in a different way or it should perform totally different activities as compared to their competitors. This is the basic essence and logic behind getting a sustainable competitive advantage. In order to do it, a firm must perform each activity which should contribute to the firm's position in making it either a cost effective producer of the products or making entirely different products. In this way, by either becoming cost-effective leader or differentiator in the market, a firm must gain very strong strategic position in gaining sustainable competitive advantage which will be very hard for the competitors to compete with.
Answer:
The correct option is (c) Increase tax expense by $1,541 million
Explanation:
Step 1. Given information.
- Decrease in Deferred Tax Asset 1503 Million
- Increase in Deferred Tax Liabilities 38 Million
Step 2. Formulas needed to solve the exercise.
Increase in Tax Expense= Decrease in Deferred Tax Asset + Increase in Deferred Tax Liabilities
Step 3. Calculation.
Increase in Tax Expense = 1503+38 = 1541 Million
Step 4. Solution.
The correct option is (c) Increase tax expense by $1,541 million
