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3 years ago

If the government imposes a maximum price for milk that is above the equilibrium price:

1 answer:

6 0

<span>Maximum prices in economics can be also known as Price Ceiling, where it is the legal maximum prices that producers can sell their good at. However, as this causes a market disequilibrium, ceteris paribus, there will exist a surplus of goods produced. This is due to the signalling and incentive effective on producers and consumers resulting in the increase of price (that has been set by the government). Consumers would consume less of the product as it is more pricey than before, hence they are less willing and able to buy the product at the new price. Producers on the other hand sees more revenue to be earnt through higher prices and hence would devote their resources into producing that product. Hence the mismatch of supply and demand results in a surplus of products and would likely result in the government buying all the surplus out of interest for producers.</span>

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What is one of the three functions of the central vision area of a driver?

ruslelena [56]

Although the focus vision is the one responsible for the targeting function, it is the central vision that allows the viewing of the line of sight to the target area. It is the central vision that allows a relative focus for mid distances and blurring of what's around. It is important on a motorway, for example, as what's ahead is the most important once there isn't people or very busy areas around.

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3 years ago

besides raising revenue, what is another important use of excise taxes? a. increasing traffic fines b. eliminating corruption in

stepladder [879]

Answer:

discouraging the use of products like alcohol and tobacco

Explanation:

Excise taxes can be regarded as taxes that are been paid after purchasing a particular goods such as gasoline, it is also extended on activities like usage of high ways.. It should be noted that besides raising revenue, discouraging the use of products like alcohol and tobacco is another important use of excise taxes.

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3 years ago

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kherson [118]

Answer: Data Mining

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Data Mining is also known as Knowledge Discovery in Databases.

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3 years ago

Which of the following are characteristics of effective government leaders? Select all that apply.

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Answer:

the ones that apply are:

a) Willingness to accept responsibility.

b) Keep a government strong and active.

d) Act as a final point of authority.

Explanation:

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3 years ago

Variance analysis is important to the management because:_____.

Alex_Xolod [135]

Answer:

D. All of the answers are correct.

Explanation:

Given that Variance Analysis is a form of measuring and controlling methods used by a business management team to maintain and monitor the firm's planned cost and sales with the eventual outcome of cost spent and sales generated.

To achieve this, the process helps in determining the disparity between the actual costs of budgeted costs.

It also helps them to know which department is more productive and

It also helps to discover where the problems or difficulties exist in the production process

Hence, in this case, the correct answer is option D, All of the above. Because the option A to C satisfies the answer.

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3 years ago