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nekit [7.7K]
3 years ago
6

Suppose the equilibrium price of a physical examination ("physical") by a doctor is $200, and the government imposes a price cei

ling of $150 per physical. As a result of the price ceiling,A. the demand curve for physicals shifts to the right.B. the supply curve for physicals shifts to the left.C. the quantity demanded of physicals increases and the quantity supplied of physicals decreases.D. the number of physicals performed stays the same

Business
2 answers:
vekshin13 years ago
7 0

Answer:

The correct answer is 'C'

Explanation:

The quantity demanded of physicals increases, and the quantity supplied of physicals decreases.

Andrews [41]3 years ago
3 0

Answer:

C) the quantity demanded of physicals increases and the quantity supplied of physicals decreases.

Explanation:

Price ceilings usually result in a market failure called deadweight loss. This happens because the equilibrium price is set at an artificially low level which decreases the quantity supplied and increases the quantity demanded. This results in a shortage of products or services, and a loss of economic efficiency. In the attached graph, the deadweight loss is the colored area under the demand curve and above the supply curve.  

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Decision support systems ____.a.might support a decision maker in only one or two of the problem-solving phases support optimiza
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Answer:

all of the above

Explanation:

<u>Decision support systems</u> is a computer system that uses information systems. <em>The main objective</em> of this program is to assist in organizational decision making. To be enabled for this function, the system operates using a large amount of data, which converts information and compiles the most relevant information to provide existing alternatives that assist the effective decision making process.

4 0
3 years ago
Identify her/his entrepreneurial qualities and support your answer based on what you observed
Masja [62]

The main qualities of real entrepreneur are:

1) spiritual freedom and energy;

2) willpower;

3) ability to effectively negotiate and convince partners and customers;

4) organizational skills;

<span>5) determination and willingness to situations of risk.</span>

5 0
3 years ago
A company's prime costs total $4,800,000 and its conversion costs total $8,800,000. if direct materials are $1,900,000 and facto
garri49 [273]
Prime cost=direct material+direct labor
4800000=1900000+direct labor
Solve for direct labor
Direct labor=4800000-1900000
Direct labor=2900000. ..answer

If you try with the formula of the conversation cost to solve for direct labor, you will get the same answer

The formula of the conversation cost is
CC=direct labor+factory overhead

Hope it helps!
3 0
3 years ago
Courts will occasionally determine in a the course of a lawsuit against a corporation that the usual limited liability protectio
pishuonlain [190]

Answer: b. piercing the corporate veil.

Explanation:

Normally, corporations have limited liability which means that the assets of the shareholders are separate from that of the company and should the company go bankrupt for instance, the assets of the shareholders would be safe and only that of the company could be liquidated.

Sometimes however, the courts can remove this limited liability protection which would enable the assets of the shareholders to be targeted in what is known as "piercing the corporate veil".

There are several reasons this can happen for instance:

  • Fraud by the owners
  • Failure to follow formal corporate rules
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8 0
3 years ago
Keswick Supply Company wants to set up a division that provides copy and fax services to businesses. Customers will be given 20
Softa [21]

Answer:

Incremental cash flow= $1,369.863~ $1,370

Explanation:

In accrual accounting, accounts receivable gives a measure of revenue that a business has earned.

Given the annual revenue as $25,000. To get the daily revenue

Daily revenue= Annual revenue/ 365

Daily revenue= 25,000/365

Daily revenue= $68.493

Customers are expected to pay within 20 days, so for every 20 days

Incremental cash flow= 20 days* 68.493

Incremental cash flow= $1,369.863~ $1,370

3 0
3 years ago
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