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3 years ago

If the government implements a binding price ceiling on insulin, this will

Business

1 answer:

NikAS [45]3 years ago

4 0

Answer:

c. encourage manufacturers to produce and sell more insulin to increase their profits.

Explanation:

In a binding price ceiling, the government will force companies to set a certain price below the market equilibrium.

When this happen, the amount of profit margin that the company get from sales is also decreased. To handle this, one of the things that company can do to maintain their total profit is to increase the total sales, This will be beneficial for the customers since the product have higher availability with typically lower price.

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Terapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $23,4

uysha [10]

Answer:

Journal Entries

Journal 1 :

Equipment $23,400 (debit)

Cash $23,400 (credit)

Being Purchase of Equipment

Journal 2 :

Cash $6,800 (debit)

Service Revenue $6,800 (credit)

Being Service rendered for Cash

Journal 3 :

Salaries Expense $2,100 (debit)

Cash $2,100 (credit)

Being Salaries expense paid

Explanation:

Narrations have been provided to explain the transaction. Remember to use the account titles provided in accounting for the transactions.

8 0

3 years ago

( Help please suck on this question !! )

nalin [4]

Answer:A

Explanation:

Because as long as a bank does have customers over the next few years then they have to tackle customers engagement.

4 0

3 years ago

Which economic indicator measures inactivity rather than activity ?

Reil [10]

B, unemployment rate.

5 0

3 years ago

Assume that a firm spends $500 on two inputs, labor and capital. If the wage rate is $20 per hour and the cost of capital is $25

Zolol [24]

Answer:

D. -4/5

Explanation:

Given that

Wage rate = $20 per hour

Cost of capital = $25 per hour

Recall that,

Slope of isocost = -(w/r)

Where,

W = wage rate

r = rental cost of capital.

Thus,

Slope of isocost curve

= -(20/25)

= -0.8 or -4/5

Note that, the negative of the ratio is the price of the two inputs. Also isocost is a line showing the various combinations of inputs which cost the same amount.

6 0

3 years ago

Read 2 more answers

A(n) ________ is designed to build customer goodwill, collect customer feedback, and supplement other sales channels rather than

Ket [755]

Answer: a corporate website

Explanation: A corporate website is one that is designed to build customer goodwill, collect customer feedback, and supplement other sales channels rather than sell the company's products directly. It is also known as a brand website. However, a marketing website will engage consumers in interactions that will move them closer to a direct purchase or some other marketing outcome .

8 0

3 years ago