Answer: Option A is the most correct option. A price ceiling of $3.00. because it is the maximum amount that can be added to the floor price of that commodity
Explanation: price ceiling is a price regulation process, whereby a group or the government, imposes a maximum amount that can be added to the floor price of that commodity, so that price of goods will not be over expensive for buyers. The floor price is the minimum price that goods can be sold.
P1 is the maximum amount the goods can be sold, while P2 is the floor Price. This makes $3.00 to be the price ceiling, because it is the maximum amount that can be added by the seller on that commodity.
Cash flow ofcourse! because when u talk on a phone money is wasted and when you talk in real no money is wasted even if ur sms each other like on facebook the internet costs money so when u come up to a person there is no money wasted! Hope i helped:)
Answer: Option(D) is correct.
Explanation:
Correct option: Act as if they were monopolies.
Cartel is a group of few firms that work towards the common goal. Because all the cartel members works together, that's why they act like a monopolies.
They decided to produce at a level where their combined marginal revenue is equal to the combined marginal cost.
Because they behave like a monopolist, so they sell lesser quantity at a higher prices than would be in a perfectly competitive market.
Answer:
$30,604
Explanation:
The computation of the interest expense for the year 2020 is as follows:
2019 interest expense is
= Equipment amount × rate of interest
= $311,967 × 9%
= $28,077
The Dec 31 2019 liability of book value is
= $311,967 + $28,077
= $340,044
Now the interest expense for the year 2020 is
= $340,044 × 0.09
= $30,604
<span>3 non-price strategies you could use to increase your customer base is having Better Quality, Better web presence, and Better Customer Service. Better quality means having good, durable products that deliver what they promise. Also better quality means having a product that is worth its money, not just something cheap which falls apart in one use. Better Web Presence means having a nice, interesting, user-friendly website which customers can access at any time to view your products. Also this means that your website is updated regularly with product information. Better customer service means that you should be able to provide good, cooperative customer support for customers who have queries or problems regarding your product. This involves courteous staff who have up-to-date knowledge and are willing to follow up the case. </span>
