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lukranit [14]
3 years ago
14

The market for apartments was captured by a monopolist who charges high rents to some renters, leading many renters to complain

to their local government. The city council in response decides to implement a price ceiling on apartments of $500. Demand in this market is represented by the
Business
1 answer:
disa [49]3 years ago
5 0

Answer:

  1. 70 units
  2. $700

Explanation:

1. The demand curve is given and the price is given as well. Substitute the price ceiling into equation.

P = 1,200 - 10q

500 = 1,200 - 10q

q = (1,200 - 500 ) / 10

q = 70 units

2. If there was no price ceiling and 50 units, market price would be;

P = 1,200 - 10 * 50 apartments

P = $700

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Step2247 [10]

Betsy should employ content analysis type of archival research approach in this scenario.

<h3>Content Analysis</h3>

The existence of particular words, topics, or concepts in a given set of qualitative data can be found by using the research tool of content analysis. The presence, significance, and connections of such specific words, themes, or concepts can be quantified and examined using content analysis. To check for bias or partiality, for instance, academics can assess the language used in a news piece. The meanings included in the texts, as well as their authors, readers, and even the culture and time period in which they were written, can all be inferred by researchers. Almost any instance of communicative language can be used as a source of data, including interviews, open-ended inquiries, field study notes, dialogues, and open-ended questions. For the sake of analysis, a single study may examine numerous textual genres.

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4 0
2 years ago
Management of Lewallen Corporation has asked your help as an intern in preparing some key reports for September. Direct material
madreJ [45]

Answer:

The prime cost for september is $100,000.

Explanation:

prime cost = Direct material cost + Direct labour cost

                  = $57,000 + $43,000

                  = $100,000.

Therefore, the prime cost for september is $100,000.

7 0
3 years ago
In regards to Social Security benefits:
olga_2 [115]

Answer: c. Tax-free interest income must be included in the formula used to determine if Social Security is included in taxable income.

Explanation:

The portion of Social Security benefits that is taxed depends on how much Income the person has.

For instance, a person is charged up to 50 percent if their income is $25,000 to $34,000 for an individual.

So now how do we calculate the 'income' on which the taxation is based.

The IRS, for the purposes of determining how much you pay, treats income as a person's adjusted gross income plus NONTAXABLE INTEREST INCOME plus half of their Social Security benefits.

From the above we can see that option C is therfore correct.

6 0
3 years ago
Paul Krugman argues that although strategic trade policy looks unappealing in theory, in practice it is most likely to be workab
IgorC [24]

Answer: False

Explanation:

The statement that "Paul Krugman argues that although strategic trade policy looks unappealing in theory, in practice it is most likely to be workable" is false.

According to Paul Krugman, a strategic trade policy will be captured by the special-interest groups that are within the economy and this will bring about it's distortion and therefore it's unlikely to be workable.

4 0
3 years ago
School-to-work programs unite _____.
kvasek [131]
Already if you look at the name of the program, you see that school and work (company, business) are mentioned - so this points to the answer d). And D is the correct answer! The school-to-work education emphasizes learning both in schools and in the local businesses!
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8 0
3 years ago
Read 2 more answers
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