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ivann1987 [24]
3 years ago
8

Government is lobbied to institute price controls because: Multiple Choice

Business
1 answer:
trapecia [35]3 years ago
7 0

Answer:

people care more about their own surplus than they do about total surplus. 

Explanation:

Price control can either be a price ceiling or a price floor.

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service. It is usually set below equilibrium price.

Price ceiling increase consumer surplus and reduce producer surplus.

A price floor is when the government or an agency of the government sets the least price a good or service can be sold. It is usually set above equilibrium price.

Price floor increases producer surplus and reduces consumer surplus.

Producers would be advocating for a price floor because it increases their surplus, while, consumers would advocate for a price ceiling.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.

Producer surplus is the difference between the price of a product and the least price the seller is willing to sell the product.

I hope my answer helps you

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But what is the question

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I am currently stuck on an application question on why I left my job. How would I awswer this question if I worked at an amuseme
finlep [7]

Answer:

Give the reasons that you wrote

Explanation:

If I were you I would put the reasons that you wrote above but just make it sound more professional. Ex: I left my job at (name of amusement park) in (month) of (year) due to health issues.

5 0
2 years ago
A major lottery advertises that it pays the winner $10 million. However, this prize money is paid at the rate of $ 500,000 each
My name is Ann [436]

Answer:

We have to discount these payments to find the present value

500,000

500,000/1.1

500,000/1.1^2

500,000/1.1^3

We keep on doing this until we reach 500,000/1.1^19

After that we add all the payments and get the value. A less time consuming way of doing it is using a financial calculator

Pv=?

N=19

FV=0

PMT=500,000

=4,182,460.05 we add 500,000 to this because the first payment was not discounted=4,682,460.05= Present Value.

Explanation:

8 0
3 years ago
the market risk premium equals the question 37 options: risk-free rate of return plus the inflation rate market rate of return m
Novosadov [1.4K]

The Market Risk Premium (MRP) is the difference between the market portfolio's expected return  and the risk-free rate.

<h3>What is market ?</h3>
  • A market is a place where buyers and sellers come together to facilitate the exchange and trading of goods and services.
  • A market place can be physical, like a retail store, or virtual, like an e-merchant.
  • Many of the other  examples include illegal markets, auction markets, and financial markets.
  • The structure of the economic market  can be divided into four categories: Perfect competition, monopoly competition, oligopoly,  monopoly.
  • Categories differ in the following characteristics: The number of producers is large in monopoly competition, few in oligopoly, and he is one in monopoly.
  • Markets matter. Markets are the mechanisms through which shares of a company  are bought and sold, providing companies with access to cash.
  • Markets are very important for pricing, liquidity transformation, and enabling businesses to meet customer needs.

To learn more about market from the given link :

brainly.com/question/25754149

#SPJ4

6 0
1 year ago
Garcon Inc. manufactures electronic products, with two operating divisions, Consumer and Commercial. Condensed divisional income
leonid [27]

Answer:

1.Since there is spare capacity in the consumer division, the acceptable transfer prices are variable cost per unit - market price per unit

i.e. $104-$150

The transfer price should be set in between the two. However, $150 is an appropriate price

2. Income will increase as follows:

Consumer Division = (115-104)*2880 = $31,680    

Commercial Division = (150-115)*2880 = $100,800    

Company = $132,480

3) check the attached file

4.Income will increase as follows:    

Consumer Division = (126-104)*2880 = $63,360    

Commercial Division = (150-126)*2880 = $69,120    

Company = $132,480

Explanation:

check attached files for explanation well detailed.

7 0
2 years ago
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