All categories

4 years ago

A government will create a surplus in a market when it sets a price

Business

2 answers:

SCORPION-xisa [38]4 years ago

8 0

I believe the answer is: Sets a price floor above the equilibrium price

By setting the price floor above equilibrium, the amount of profit that the producers would get for selling that product would also increase. Because of this, a large number of them would increase the supply of that product, which most likely create a surplus in the market.

natali 33 [55]4 years ago

4 0

A government will create a surplus in a market when it: Sets a price floor above the equilibrium price.
The equilibrium charge is the marketplace charge wherein the number of goods supplied is identical to the size of goods demanded. that is the factor at which the demand and supply curves inside the marketplace intersect.

You might be interested in

Mardee represented condo owner carol, and they signed an exclusive agency listing agreement. If carol found her own buyer, would

Sophie [7]

If carol found her own buyer, would she owe mardee a commission option (c)i.e, No, because Carol found her own buyer.

A sales commission is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of goods or services. Sales commissions are a common incentive used by employers to boost employee productivity. A commission can be paid instead of or in addition to a salary.

Employers provide a commission to entice workers, increase productivity, increase sales, and draw in new clients. In many areas, like the automotive and real estate sectors, commission-based pay is the norm for sales and marketing positions.

The complete question is:

Mardee is representing Carol in the sale of her condo, and they've signed an exclusive agency listing agreement. If Carol finds her own buyer, does she owe Mardee a commission?

a.)No, because Carol is not a real estate licensee.

b.)Yes, because they have an exclusive agency listing agreement.

c.)No, because Carol found her own buyer.

d.)Yes, but she only owes the listing commission.

To know more about commission refer to: brainly.com/question/957886

#SPJ4

3 0

2 years ago

On January 1, Year 1, Li Company purchased an asset that cost $25,000. The asset had an expected useful life of five years and a

NeX [460]

Answer:

Amount of depreciation expense =$5,250

Explanation:

Under the straight line method the same amount is charged as depreciation expense over the estimated useful life of the asset

Initial depreciation = cost - salvage value /number of years

= (25,000 -5000)/5

= 4000 per year

Accumulated depreciation for 4 years= 4000× 3 = 12,000

Revised depreciation = (25,000 -12,000 - 2500)/2

=$5250 per year

Amount of depreciation expense for year 4 =$5250

8 0

3 years ago

Which of the following should be the primary goal pursued by the financial manager of a firm?a. Maximize net income (profits).b.

Neporo4naja [7]

Answer:

E. Maximize the market value of the firm's stock

Explanation:

7 0

3 years ago

Last year Builtrite had retained earnings of $140,000. This year, Builtrite had true net profits after taxes of $65,000 which in

Butoxors [25]

Answer: $160,000

Explanation: Retained earnings can be defined as the amount pf earnings left with the company after taking into consideration all tyoes of dividends and taxes.

formula :-

Retained earnings = previous retained earnings + net income - dividends to equity holders - dividends to preference holders

thus,

Retained earnings = $140,000 + $65,000 - $10,000 - $35,000

= $160,000

4 0

4 years ago

After another year, Biwei’s business is in rapid expansion. He wants to raise $1M new capital. He can finance by taking a loan o

Snezhnost [94]

Answer:The capital cost is $1 million

Explanation: This is one time expenses on production if goods and services , purchase of land and construction. It is the total cost required to bring a business to a commercially operable status.

8 0

3 years ago