1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldier1979 [14.2K]
3 years ago
15

Suppose that the market equilibrium price for a medical check-up is $50, in a market in which there is no health insurance. To e

ncourage more people to get a check-up, the local government indicates that the price of a check-up cannot be more than $40
a. Is this a price floor or a price ceiling?
b. Draw a graph to illustrate the implementation of the policy.
c. What happens to the number of check-ups in the market? Show on your graph.
d. What happens to consumer surplus in the market? What happens to producer surplus?

Business
1 answer:
never [62]3 years ago
4 0

Answer:

a. Price ceiling

b. see graph

c. Increases

d. Increases, decreases

Explanation:

a. Price ceiling is the maximum price or ceiling so to speak imposed by government for a particular commodity inorder to relieve purchase burden from the consumers.

b. Take note of the price ceiling in the graph attached.

c. Number of demanded check-ups increases, since they are now more affordable.

d. Consumer surplus increase by $10, while the producer surplus decrease by $10 ($50-$40).

You might be interested in
Suppose that two factors have been identified for the U.S. economy: the growth rate of industrial production, IP, and the inflat
DENIUS [597]

Answer:

23.3%

Explanation:

Expected return refers to the anticipated profit or loss of financial investment. Essentially, it's the value of the return that investors anticipate. We can find the expected return by using the formula given below

Δ IR = 5-5% - 2% = 3.5%

Δ IP = 6% - 4% = 2%

Formula

Expected return = Expectedreturn(previous year) + (betaIP x Δ IP) + (betaIR x Δ IR)

Expected return = 12% + (2.5 x 2%) + (1.8 x 3.5%)

Expected return = 23.3%

5 0
3 years ago
Who wanna buy essay?
VLD [36.1K]
Me I want to buy essay
3 0
3 years ago
Read 2 more answers
If the demand for a good rises by more than the supply of the good falls, then the good’s equilibrium price will __________ and
mina [271]

Answer:

Rises

Rises

Explanation:

If the demand for a good rises more than the fall in supply, both equilibrium price and quantity would increase.

Refer to the attached image for a graphical explanation.

I hope my answer helps you

3 0
3 years ago
​(Defining capital structure​ weights) In August 2015 the capital structure of the Emerson Electric Corporation​ (EMR) (measured
Vikki [24]

Answer:

0.1609 and 0.8391

Explanation:

The computation of the weight required to compute the  firm's weighted average cost of​ capital is shown below:

For Weight of debt

= (Short-term debt + Long-term debt) ÷ (Total Capital )

= ($2,600 + $4,246) ÷ ($42,557)

= 0.1609

For weight of equity

= Common Equity ÷ Total Capital

= $35,711 ÷ $42,557

= 0.8391

We simply divide the debt with its total capital so that the weight of capital structure could arrive

6 0
3 years ago
Swifty Company issued $456,000 of 10%, 20-year bonds on January 1, 2020, at 101. Interest is payable semiannually on July 1 and
Roman55 [17]

Answer:

Swifty Company

a) Issuance of the bonds:

Debit Cash Account $460,560

Credit Bonds Payable $456,000

Credit Bonds Premium Amortization $4,560

To record the bonds issue and related premium.

b) Payment of interest and related amortization on July 1, 2020:

Debit Interest on Bonds $22,686

Debit Bonds Premium Amortization $114

Credit Cash Account $22,800

c) Accrual of interest and the related amortization on December 31, 2020:

Debit Interest on Bonds $22,686

Debit Bonds Premium Amortization $114

Credit Cash Account $22,800

Explanation:

The total cash received from the bonds issuance is $456,000 x 101% = $460,560.  This amount includes the bonds premium amounting to $4,560, which is the difference between the amount received and the actual value of the bonds.  This amount will be amortized on a straight-line basis over 20 years, semi-annually at $114.

8 0
3 years ago
Other questions:
  • What is a stock market? What is an example of a stock market?
    7·2 answers
  • If Joey purchased a $100,000 house with a 20 percent down payment and borrowed the rest on a 30-year mortgage at 5% interest, wh
    5·1 answer
  • Zanda Corp. wants to have a process structure that has cost advantages similar to continuous or repetitive processes, but wants
    7·1 answer
  • Alan works as a news anchor for a television network. In addition to his regular pay, at the end of each year, his company pays
    15·2 answers
  • Prepare partners' capital statement and partial balance sheet. (LO 2) For National Co., beginning capital balances on January 1,
    7·1 answer
  • A firm in monopolistic competition tends to have more control over price when it is g
    13·1 answer
  • The person who acquires real property under the terms of a will is known as a ___________.
    11·1 answer
  • A product cost is
    12·1 answer
  • The job of increasing public awareness of a company's products, brands, or activities and by fostering desirable company images,
    15·1 answer
  • At the end of May, the following adjustment data were assembled:A. Insurance expired during May is $275B. Supplies on hand on Ma
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!