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3 years ago

How do price ceilings and price floors restrict the free exchange of prices?

1 answer:

8 0

Price ceilings are the limit of the prices to go high above the given ceiling while the price floor limit the prices to go below the given amount. The two restrict the free exchange of prices by putting a range of prices allowable only for a certain product. The prices are already limited between the price floor and the price ceiling.

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The tables show the utility Parker experienced from consuming varying quantities of waffles and pancakes. Assume that waffles co

timofeeve [1]

Answer:

Explanation:

3 0

2 years ago

Which one of the following results from the latest decision round is MOST important in providing guidance to company managers in

finlep [7]

Answer:

d because period and that's it duh

8 0

3 years ago

The towns of Jekyll and Hyde each have a labor force of 2,000 people. In Jekyll, 500 people were unemployed for the entire year,

Gennadij [26K]

Answer:

Explanation:

The towns of Jekyll and Hyde each have a labor force of 2,000 people. In Jekyll, 500 people were unemployed for the entire year, while the rest of the labor force was employed continuously. In Hyde, every member of the labor force was unemployed for three months and was employed for nine months. The average duration of unemployment spells over the year was 12 months in Jekyll and 3 months in Hyde.

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3 years ago

1. If Bodin Company plans to sell 480,000 units during the year, compute the number of units the firm would have to manufacture

Dmitriy789 [7]

Answer:

450,000 Units

Explanation:

The complete part of the question is as below:

Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the year 20x1. Two units of raw material are required to produce each unit of finished product.

January 1 December 31

Raw material 35,000 45,000

Work in process 12,000 12,000

Finished goods 80,000 50,000

Solution:

Units to be manufactured to sell 480,000 Units = Sales + Closing Inventroy - Opening Inventory

= 480,000 + 50,000 - 80, 000 = 450, 000 Units

The number of units Bodin would have to manufacture is 450,000 Units

3 0

3 years ago

Read 2 more answers

Which of the following statements is true? A) Corporate mission is shaped by functional strategies. B) Corporate strategy is sha

11Alexandr11 [23.1K]

Answer:

The answer is C, functional strategies are shaped by corporate strategy

Explanation:

Corporate strategy are plans, procedures, policies and other form of strategic documentation that defines the company or organisation overall progress. The strategic document at this stage is designed by decision makers at the highest hierarchy of the organisation.

While

Functional strategy are strategic process and polices already designed by the governing or deciding body of topmost hierarchy and passed down to functional operational department of an organisation to adopt.e.g, operations department, finance department, training department,etc. they are mostly at the base of the chart.

Therefore, The functional strategy are shaped by corporate strategy.

6 0

3 years ago