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viktelen [127]
3 years ago
14

Of the following groups, which benefits most from a government price support program that establishes a floor price for an agric

ultural product that is higher than the product's market clearing price? Select one:
a. Consumers, who purchase more units of the product than they did before the price support program was implemented

b. Taxpayers, who no longer must provide funds to purchase surplus units of the product once the price support program is in place

c. The government, which receives subsidy payments from producers that are required to sell more of the product at a higher price under the government's program

d. Producers, who earn a higher price on the sale of each unit and also sell more units, thereby unambiguously earning higher revenues
Business
1 answer:
erica [24]3 years ago
4 0

Answer:

d. Producers, who earn a higher price on the sale of each unit and also sell more units, thereby unambiguously earning higher revenues

Explanation:

A government price support program is when the government impose a price limit on a product to control the price of the product i.e price floor, and also the purchase of any surplus. The price floor and the purchase of any surplus for the product encourages the producers to produce more of the product.

Since price floor must be higher than the equilibrium price for it to be effective, the producers of the agricultural product earn more by selling in units and also earn more for selling any surplus to the government.

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Developmentalists contend that because biological, cognitive, and socioemotional elements interact with one another, life-span development is multidimensional.

PERIOD DEVELOPMENT

Lifespan development is the process of growth throughout a person's life, from conception to death. Understanding all of the psychological, social, and cognitive changes that people go through requires a broad perspective. Since people adhere to a wide range of cultural traditions and ideals, this field of study is both broad and diverse.

What is multidimensional development?

The term "multidimensional development" recognizes the complexity of human development. Instead, the term "human development" is inclusive and covers a large range of potential components, such as:

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3 0
1 year ago
Sales and purchase-related transactions using perpetual inventory system The following were selected from among the transactions
ioda

Answer:

July 3. Purchased merchandise on account from Hamling Co., list price $85,000, trade discount 25%, terms FOB shipping point, 2/10, n/30, with prepaid freight of $960 added to the invoice.

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July 7. Returned merchandise with an invoice amount of $13,500 purchased on July 5 from Kester Co.

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    Cr Merchandise inventory 13,230

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July 21. Received cash on account from sale of July 6 to Parsley Co.

Dr Cash 16,680

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I recorded the transaction this way because on July 31, a payment to MasterCard is recorded. Generally the transaction should have been recorded differently since MasterCard withholds its fee automatically, you do not pay it.

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Dr Accounts receivable 58,996

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Dr MasterCard fee payable 3,510

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Innovation activities are often aimed at making a discovery or commercializing a technology ahead of competition. What are some
Ira Lisetskai [31]

Answer:

lack of consumer safety

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When determining the level of control and independence of an employee or independent contractor, which category covers how the w
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3 years ago
You are expected to do a presentation of your business plan to a group of potential investors. Explain how you would respond to
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Questions from potential investors will be related to the functionality of the business plan presented. These questions have to be answered in a professional manner in the sense that the presenter has to be friendly and accommodating in his attitude. He should make eye contacts with the questioners. Each question should be answered with the goal of making the questioner understand the question that is bothering him or her. Answers should be given in a formal and explanatory tone that suggest that the presenter knows what he is talking about.
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2 years ago
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