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vagabundo [1.1K]
2 years ago
9

Suppose that, in a competitive market without government regulations, the equilibrium price of donuts is $1.00 each. Indicate wh

ether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding.
1) The government prohibits donut shops from selling donuts for more than $1.20 each.
2) Due to new regulations, donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so.
3) The government has instituted a legal minimum price of $0.80 each for donuts.
Business
1 answer:
vodomira [7]2 years ago
8 0

Answer:

1. Price ceiling, Binding

2. Price ceiling, Binding

3. Price floor, binding

Explanation:

Price ceiling is a government or group control limit on how high a product, commodity or service can be charged.

Price floor is a government or group limit on how low a product, commodity or service can be charged.

Binding simply means you are legally bound to something while non-binding means you are not legally bound to it.

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The statement above is FALSE.
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SYNERGY refers to the performance gains that is achieved when individuals and departments coordinate their actions. 
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3 years ago
All of the following are positive outcomes of employee development except: Group of answer choices development enhances the orga
Lilit [14]

Answer:

development enhances the organization's capacity to control environmental forces

Explanation:

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Employee development can take the form of :

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3 years ago
Bob manages a grocery store in a country experiencing a high rate of inflation. To keep up with inflation, he spends a lot of ti
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Answer:

A. Menu Cost

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2 years ago
Is so sophisticated that even core functions such as engineering, research and development, manufacturing, information technolog
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   The practice of employing a third party from outside a business to carry out tasks or produce commodities that were previously completed in-house by the business's own employees and personnel is known as outsourcing. Companies typically engage in outsourcing as a cost-cutting strategy.

   The outside business, often referred to as the network operator or third-party provider, makes arrangements for its own personnel or technological resources to carry out the duties or offer the services either on-site at the premises of the hiring business or at other places.

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BTC, a consulting company with offices across the United States, began an employee discussion forum on its website. A few employ
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c) moderators.

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