Answer: Price Ceilings
Price Ceilings are usually controlled by the Government and their main use is to keep prices up. Sometimes a customer will switch to other goods and that person that wants there item bought the price will get lower to attract more customers. In this case, they want to keep the prices from falling - therefore, it would be Price Ceilings.
Answer: $79.30
Explanation:
Cost of the house = $96400
Down payment = 25% × $96400 = $24100
Mortgage = $96400 - $24100 = $72300
Interest = 5.5%
Time = 5 years
Monthly payment.= $410.66
The interest for first payment will be:
= $72300 × 5.5% × 1/12
= $72300 × 0.055 × 0.08333
= $331.36
Therefore, the amount of the first monthly payment is used to reduce the principal will be:
= $410.66 - $331.36
= $79.30
<span>Under agency law, Michelle can work as Kim's agent in the purchase of the contract. Kim would be the principle under the contract, Michelle would be the agent, and the gallery would be the 3rd party. Kim needs to authorize Michelle to complete a contract on his behalf and he will in turn be bound, just as the gallery will be bound.</span>
Answer: The answer is as follows:
Explanation:
(1) Average total cost = 
= 
= 0.2
(2) Cost of producing an additional unit of hot-dog = 200.08 - 200
= $0.08
∴ Marginal cost of producing the 1,001th is $0.08.
(3) Here, the marginal cost of production is less than the average total cost of production then the average total cost of production must be falling. It is due to the fact that marginal cost is the change in total cost that is arises from the change in the quantity by one unit.
Therefore, Average total cost of production must be falling.
The statement "In order to be successful, salespeople should have the knowledge about how to analyze data and situations and use the Internet." is True. This is further explained below.
<h3>What are salespeople?</h3>
Generally, a person whose duty it is to sell goods or services in a specific area, whether in a physical location or over the phone
In conclusion, It is true that salespeople need to understand how to use the Internet and assess data and circumstances if they want to succeed.
Read more about salespeople
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