No it is not "the assumption... or landowners". Its "the mistaken belief that what seems like a good deal for one person will still be a good deal when everyone does it". I'm on the test right now and my teacher set it to where I know if I got the answer right or wrong and what I wrote is correct. Hope this helps.
Answer:
d) (ii) and (iv) only
Explanation:
A price ceiling is usually set by the government or an agency of the government. A price ceiling limits how high producers can sell their product. It sets the maximum price that can be charged for a good or service.
For a price ceiling to be effective, price has to be set below equilibrium price.
Because price is less than equilibrium price, the profits of producers would fall and producers would reduce supply. This would lead to an excess of demand over supply. This is known as a shortage.
I hope my answer helps you
Answer:
I would say false, from what I know it was for government then this from what I know. But I am not sure, if i were u I'd go with false.
Explanation:
Answer:
$18,000
Explanation:
Owl's 1992 income $ 120,000
Percentage owned − 3,000 out of 10,000 shares = 30%
Owned for 6 months (7/1/92 to 12/31/92) = 6/12
Income from investment in Owl
=$120,000 * 30% * 6/12
=$18,000
NB:
1. The dividends received decrease the investment account, but do not affect the income.
2. In a purchase, income from an investee is acknowledged only from date of purchase.
3. With 30% ownership, important influence is assumed and equity method is used.