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bezimeni [28]
2 years ago
10

If buyers in this market have to wait in line to purchase this good after a $1 price ceiling is imposed, each buyer purchases on

ly one unit of the good, and buyers in the market value their time at $8 per hour, how long will the wait have to be per remaining customer to clear the market
Business
1 answer:
Sophie [7]2 years ago
3 0

The waiting time will be 30 minutes because 30 minutes at $8 per hour adds $4 to the price. Therefore, making the full price equal to $5 for each buyer clears the market.

<h3>What is the price ceiling?</h3>

A price ceiling is a price control mechanism by the government to intervene in the market forces of demand and supply by setting a maximum price.

While price ceilings are imposed to make prices low for consumers, it may cause shortages in the quantities supplied.

Thus, the waiting time will be 30 minutes because 30 minutes at $8 per hour adds $4 to the price.

Learn more about price ceilings at brainly.com/question/4120465

#SPJ12

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madd, aa, and sadd are examples of: a. workplace-based drug education programs. b. voluntary health agencies. c. state education
JulijaS [17]

Madd, aa, and Sadd are examples of: b. voluntary health agencies. An organization that offers assistance or services to people, groups, or nations and is made up of volunteers or runs with their help.

Over 100,000 community health workers work for the Voluntary Health Association of India (VHAI), a non-profit organization that has been active in India for more than 40 years. It has 24 State Voluntary Health Associations as members. The goal of voluntary health agencies, often known as patient advocacy groups, is to improve and safeguard the health of a particular population group or to fight a certain illness, disability, or collection of illnesses and disabilities. Trade associations, trade unions, intellectual societies, professional associations, and environmental organizations are typical examples. There are 333 charities close to India. Generally speaking, a voluntary organization works to strengthen civil society. In the end, the members are the owners, but unlike owners of for-profit businesses, they accept responsibility for programs to address social needs even when they don't personally benefit financially from them.

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brainly.com/question/28167105

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6 0
1 year ago
(1) Quality of products available in superstore.
Pavlova-9 [17]

Answer:

(1)B

(2)A

(3)B

(4)A

Explanation:

4 0
4 years ago
___________________ occurs when meanings are misinterpreted due to intentional or unintentional problems during the sending or r
Ksivusya [100]

Answer:

Message distortion.

Explanation:

This term is explained to be a change in signal or is said to occur when message sent by one communicator is misinterpreted by the said receiver. In some cases processes shows that in this study form, their functioning is affected by certain of variables ranging from the objects or events being perceived, the environment in which perception occurs, and the individual doing the perceiving.

In some cases, misinterpretation is seen to play roles that form distortion in messages; thereby hampering the communication process. Also some environmental factors posses constraints of lights, sounds, smell, objects, social, political, cultural, technological environments which govern the human behaviour and stimulate him into action affecting communication too.

6 0
4 years ago
Read 2 more answers
Reinforcement ads are reminder ads that:
grin007 [14]

Answer:

b. assure current users they made the correct choice in choosing the product.

Explanation:

  • The advertising that assured the purchasing party to be reassured and tells them they have done have the right thing by buying the brand or product and also explains how to get the best results from that product along with the most satisfaction. Its purpose is to maintain a market share.
  • An example of this could be the automobile industry that provides the information regarding the warranty, and uniqueness and brand value. <u>Just to have a positive reinforcement and develop a conditioning towards that product or brand.</u>
7 0
3 years ago
Which item are mis-categorized balance sheet?
ivann1987 [24]

Answer:

B and C are mis-categorized balance sheet.

Explanation:

A. Accounts Payable: Accounts payable refers to amounts that are due to be paid by a company to vendors or suppliers of goods or services received without making payments yet. This is a liability item and the categorization is correct.

B. Prepaid expenses: These are advanced payments made by a company for commodities yet to receive. This is an asset item and the categorization is not correct.

C. Accounts Receivable: These refers to amounts that are owed to a company by its debtors for goods or services supplied to them for which they are yet to pay for. This is an asset item and the categorization is not correct.

D. Accrued expenses: These refers to expenses that have been incurred by a company but which the company is yet to pay for. This is a liability item and the categorization is correct.

E. Unearned revenue: This refers to advanced payment received by a company in respect of goods it is yet to deliver or services it is yet to render. This is a liability item and the categorization is correct.

F. Long-term debt: This refers to the amount of of outstanding debt of business with a maturity of 12 months or longer. This is a liability item and the categorization is correct.

Conclusion

Only B and C are mis-categorized balance sheet. The reason is that they are both asset items, current assets to be specific, not liability items.

6 0
3 years ago
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