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Marat540 [252]
3 years ago
9

If the government set a price ceiling of $40, there would be: Group of answer choices a shortage (or excess supply) of about 8 u

nits a shortage (or excess supply) of about 12 units a surplus (or excess demand) of about 8 units a surplus (or excess demand) of about 12 units

Business
1 answer:
satela [25.4K]3 years ago
5 0

Answer:

A surplus (or excess demand) of about 8 units

Explanation:

The picture attached shows the diagram necessary for the question which is part of the question. Solution is given below;

At the above ceiling at price of 40$

Quantity supplied will be 16

Quantity demanded will be 24

So when demand is more than supply than there will be a shortage in quantity by (24-16) 8 units.

When there is demand more than supply than it is an excess demand.

So surplus or excess demand by 8 units.

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ANSWER: 
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5 0
3 years ago
A carpenter was nailing a strap onto a residential single-story home construction project using a nail gun with a 16d nail to af
Rudiy27

Answer: Struck by hazards.

Explanation:

Struck by hazards is caused when there is a sudden forceful contact between an object and an injured person.

Classes of stuck by hazards include

1. Falling objects, for example a falling wood from a construction site.

2.Rolling objects.

3.Swinging objects.

4.Flying objects.

• It is important to note that putting in place and using the right safety measures can serve as a means of protection against any form of job related hazard.

4 0
3 years ago
2. What are some ways you should categorize your financial documents (choose all that apply)
drek231 [11]

Answer:

<h2><u>Credit Card Statements</u></h2><h2><u>Tax Returns </u></h2><h2><u>Bank Statements</u></h2>

Explanation:

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4 0
2 years ago
With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume that the least-cost combinati
Taya2010 [7]

Answer:

A) Total revenue = 400 loaves of bread x $2 per loaf of bread = $800

B) Total economic costs = (5 units of labor x $40 per unit of labor) + (7 units of land x $60 per unit of land) + (2 units of capital x $60 per unit of capital) + (1 unit of entrepreneurial ability x $20 per unit) = $200 + $420 + $120 + $20 = $760

C) Economic profit or loss = total revenue - total economic costs = $800 - $760 = $40

8 0
3 years ago
Stone Pine Corporation, a calendar year taxpayer, has ending inventory of $160,000 on December 31, 2018. During the year, the co
bezimeni [28]

Answer:

The answer is $215,000

Explanation:

Cost of goods sold equal:

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To find beginning inventory at January 1, 2018, lets rearrange the formula:

Cost of goods sold minus plus purchases plus closing/ending inventory.

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Therefore, beginning inventory at January 1, 2018 is

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=$215,000

3 0
3 years ago
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