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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

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.

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A machine has a cost of $15,000, an estimated residual value of $3,000, and an estimated useful life of four years. The machine

saveliy_v [14]

Answer:

We find the amount in accumulated depreciation by finding the depreciable value:

Asset Cost - Residual Value = Depreciable Value

$15,000 - $3,000 = $12,000

Now, let's divide this by 2 to find the amount in accumulated depreciation at the end of the second year:

$12,000 / 2 = $6,000

4 0

1 year ago

What is one of the largest contributors to health problems in low-income countries?

WITCHER [35]

One of the largest contributions to health problems in low-income countries is the clean water access. It is because this is the common problem in low-income countries because they don’t usually have clean water because of their standing and other factors that create this problem and by that, this is the largest contributions that are used a project or contribution given by other counties to help the low-income countries experiencing this type of crisis.

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3 years ago

A job specification is: a. a group of related activities and duties. b. a statement of the knowledge, skills, and abilities requ

PSYCHO15rus [73]

Answer:

a statement of the knowledge, skills, and abilities required of a person to perform a job.

Explanation:

A job specification is a written statement that describes btge educational qualifications, experience, technical skills, and communication skills required to perform a job. Also responsibilities that are required on a job are stated.

A job specification is different from a job description which is a set of different duties and responsibilities performed by one employee.

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3 years ago

Assume that you pay $2,849. 84 in state property taxes every year. If your property has an assessed value of $41,302, what is yo

Alex787 [66]

The property tax rate for the assessed property of $41,302 is 0.069.

The property tax is the value holding the property paid to the statement in the form of their charges or in the form of their state revenue.

Computation:

Given,

State property tax =$2849.84

The assessed value of property =$41,302

The tax rate is computed by dividing the tax amount by the actual value of the property.

$\begin{aligned}\text{Tax Rate}&=\dfrac{\text{State Property Tax}}{\text{Assessed Value}}\\\ &=\dfrac{\$2,849.84}{\$41,302}\\\ &=0.069\end{aligned}$

The tax rate upon which the property tax is paid is 0.069, that is option d. is correct.

To know more about property tax, refer to the link:

brainly.com/question/855419

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2 years ago

How, specifically, do equal employment laws apply to personnel recruiting activities?

dimulka [17.4K]

Equal Employment laws protect employees from facing discrimination in the hiring process.

Explanation:

Equal Employment Laws are there to protect the right of a candidate to have equal opportunities compared to their peers and not to be discriminated against in terms of caste, creed, race or gender when in the recruiting activities.

This law exists to provide equal opportunities to the candidates to be able to be selected on merit for the jobs and not to be left behind because of their disadvantages in the social strata from employment as long as they are capable for the jobs.

6 0

2 years ago