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hammer [34]
2 years ago
11

What quantity will the sellers be able to sell after the imposition of the price floor?

Business
1 answer:
Ray Of Light [21]2 years ago
7 0

If a price control makes production unprofitable or only slightly more lucrative than average, the amount supplied declines. A price limitation does not necessarily make output unprofitable or insufficiently profitable for all producers in a field.

Effects of a pricing floor. The government imposes a price floor to force consumers to pay manufacturers a minimum amount. In cases where the government feels that producers are obtaining an unjust amount, a price floor is created. With the sole purpose of aiding producers, price floors are imposed. Price floors do have certain negative market implications, though.

Price floor and pricing ceiling are both governmental measures of price regulation. But there is a limit or constraint on how low a price can be set for any good. Government-set minimum prices for specific goods and services are required by law in order to protect producers from receiving extremely low prices.

Learn more about the Imposition of the price floor here:

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A company rented a copier for $600 per month. Five years later, an accountant calculated that if the company had purchased the c
gavmur [86]

Answer:

C) $29,300

Explanation:

to determine the answer we need to solve the following equation:

60 installments (C + $100) + $700 = 60 installments x $600  

60C + $6,000 + $700 = $36,000  

60C + $6,700 = $36,000

60C = $29,300

C = $29,300 / 60 = $488.33 per month during 5 years

6 0
3 years ago
In a financial statement audit performed following AICPA Professional Standards, how frequently must an auditor test operating e
Anni [7]

Answer: D. At least every third audit

Explanation: According to the AICPA Professional Standards of auditing. Testing the operating effectiveness of controls that appear to function as they have in past years and on which the auditor wishes to rely upon in the current year must be carried out at least every 3rd Audit.

This is done if the auditor plans to use audit evidence from a prior audit about the operating

effectiveness of specific controls. The auditor shall establish the continuing relevance of that

evidence by obtaining audit evidence about whether changes in those controls have

occurred subsequent to the previous audit.

3 0
3 years ago
Gorton's sells Gorton's Fish Sticks, Gorton's Fish Fillets, and Gorton Grilled Fish. This is an example of
dimaraw [331]

Answer:

The correct answer is letter "A": family branding.

Explanation:

Family branding is a strategy entrepreneurs follow by naming the same or partly equal different businesses with diverse markets to take advantage of the reputation one of those businesses have obtained. The naming is legal and in most cases represents a partnership between those businesses or a license given by the main company to allow others to use part of the same name in exchange for a fee.

6 0
3 years ago
A Goldsmith could hold some gold in reserve for depositors’ withdrawals, but ________________ excess gold and thereby make a pro
den301095 [7]

Answer: Loan out

Explanation:

Goldsmith is one of the many traditional form of medium of exchange used in the past. Whereby you placed your gold to a goldsmith and in return receive a receipt to use that as a medium of cash exchange.

If goldsmith could loan out excess gold they can make a profit from depositors fund. Because that excess gold gives them an opportunity to loan it out.

7 0
3 years ago
A ____________is anything offered to a market by the business to satisfy needs, could include physical products or intangible se
andre [41]

Answer:

Product is the correct answer.

Explanation:

7 0
3 years ago
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