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4 years ago

A price ceiling is binding when it is set

Business

2 answers:

Zielflug [23.3K]4 years ago

8 0

B.below the equilibrium price, causing a surplus

zloy xaker [14]4 years ago

3 0

Answer:

below equilibrium price, causing a shortage.

Explanation:

In market economies, the equilibrium price of goods and services is determined through the interaction between supply and demand. The price ceiling is a form of competitive market intervention in which the government sets a maximum price below the equilibrium price. Thus, producers tend to decrease their supply for the product as the profit perspective decreases. As a result, product shortages may occur. For example, if the equilibrium price of the sack of corn is $ 20 if the government sets a price ceiling of $ 15, corn growers can only sell it for $ 15. As a result, corn production and supply tend to decrease.

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Suppose the working-age population of a fictional economy falls into the following categories:

aniked [119]

Answer:

The right solution is:

(a) 120

(b) 20%

Explanation:

Given that,

Full time employed,

= 75

Part time employed,

= 25

Total unemployed,

= 20

(a)

The total employed will be:

= $Full \ time + Part \ time$

= $75+25$

= $100$

Now,

Labor force will be:

= $Total \ employed+Total \ unemployed$

= $100+20$

= $120$

(b)

The unemployment rate will be:

= $\frac{Total \ unemployment}{Labor \ force}\times 100$

= $\frac{20}{100}\times 100$

= $0.2\times 100$

= $20$ (%)

6 0

3 years ago

When using net present value to compare projects, the total cost approach?

amid [387]

When using net present value to compare projects, the total cost approach Is the most flexible method available to compare projects. Includes all cash inflows and outflows under each alternative.

Total fee technique, the whole cost technique normally consists of subtracting the bid fee from the total cost of performance and including profit in the resulting amount. This method is closely disfavored with the aid of the forums and courts.

Producers usually define supply chain charges using the full value of ownership. the total cost of ownership is defined as the aggregate of the acquisition or acquisition fee of a great or carrier. To this, they add the extra expenses incurred earlier than or after the services or products are delivered.

The whole price formulation is used to combine the variable and fixed costs of providing goods to determine a complete. The system is total fee = (common constant value x common variable value) x quantity of gadgets produced. To use this component, you need to recognize the figures for your constant and variable fees.

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3 0

2 years ago

The beginning checkbook balance of Shelley Co. was $5,559.10. The bank statement showed a bank balance of $7,888.44. The bookkee

amid [387]

Answer:

$7,999.54

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.

These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

To correctly adjust the book balance, items recognized in the bank statement that are yet to be recorded in the books are done.

The adjusted balance

= $5,559.10 + $499.88 + $1,256.45 + $750.99 - $66.88

= $7,999.54

7 0

3 years ago

Jackson Manufacturing Company had a beginning inventory of $24,500. During the year, the company recorded inventory purchases of

vampirchik [111]

Answer:

ending finished inventory= $95,500

Explanation:

Giving the following information:

Beginning inventory= $24,500.

Purchases= $140,000

Cost of goods sold of $69,000

To calculate the ending inventory, we need to use the following formula:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

69,000= 24,500 + 140,000 - ending finished inventory

ending finished inventory= 164,500 - 69,000

ending finished inventory= $95,500

8 0

3 years ago

If an investment of $400,000 were to grow to $5,000,000 over a period of 20 years, what is the stated annual rate at which it mu

castortr0y [4]

If an investment of $400,000 were to grow to $5,000,000 over a period of 20 years, 13.04% is the stated annual rate at which it must be invested, given that the return is compounded semiannually.

Considering that the return is compounded semi-annually,

PV = $400,000, FV = $5,000,000, N = (20)(2) = 40, and CPT I/Y:

Semiannual discount rate is equal to 6.52%.

Assumed yearly rate = 6.52 x 2 = 13.04%

Which Annual Interest Rate Is Stated?

The return on investment (ROI) presented as a yearly percentage is known as the stated annual interest rate (SAR), or ROI. It is a straightforward computation of interest rates that does not take annual compounding into consideration.

POINTS TO NOTE

The yearly rate that is presented is an annualized rate of interest that does not account for intra-year compounding.

The intra-year compounding of interest is taken into account by effective yearly rates.

Depending on the financial product, banks frequently display the rate that seems to be more attractive.

to know more about annual interest rate

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3 0

2 years ago