1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leno4ka [110]
3 years ago
9

Should companies be allowed to force stores to obey minimum prices? Yes or no? Explain the reason why you chose yes or no?

Business
1 answer:
Viktor [21]3 years ago
3 0
Yes, stores should be forced to obey minimum prices for a good or a company that is selling a service should as well. They should have to obey by this so that price competition isn't ongoing in the market. Larger producers can often charge a smaller amount for a product because they are producing them in high qualities. By charging less it gives them a competitive advantage over their competition in means of price. Unless the item is on clearance because a company is discontinuing stock of that item, they should have a set minimum as they do a set maximum they are allowed to charge for that item. 
You might be interested in
Explain how each of the following events changes the demand for or supply of jeans. A. Upper A new technology becomes available
Dima020 [189]

Answer:

A. Where a new technology that reduces the time it takes to manufacture a pair of jeans is available, it will leads to a change in supply. For example if a new machine is invented which decreases output per unit of time, there will decrease in the supply of a pair of jeans.

B. Where the price of the cloth (denim) used to make jeans rises, it will affect the change in the supply of jeans because an increase in the price of the raw materials used (denim) in making jeans, it will lead to a reduction in supply.

C. Where Jeans go out of fashion, it will cause a change in demand or supply because taste changes over time. For example, if jeans go out of fashion there would be a decrease in demand and supply for it.

D. Where the price of a pair of jeans falls, it will not affect the change in demand or supply of the jeans because a change in the price of a commodity is not a factor that causes a change in demand or supply.

E. Where the wage rate paid to garment workers falls, it will affect the change in the supply of jeans but will not affect the change in demand for jeans.

F. Where many jeans producers go out of business, it will affect the change in the supply of jeans but will not affect the change in demand for jeans.

H. Where people's incomes increase, it will affect the change in demand that leads to increase in demand for a pair of jeans

Explanation:

Causes of changes in demand and supply

Demand refers to the quantity of a commodity which consumers are willing and able to purchase at a particular price and at a particular period of time.

The Law of demand sates that 1) the higher the price of a commodity, the lower the quantity demanded, and  2) the lower the price of a commodity, the higher the quantity demanded.

The Change in demand (shift in the demand curve): There is a change in demand if the demand curve shifts to an entirely new position. A change in demand is determined by the factors affecting demand, other than price in a commodity. Factors affecting change in demand include changes in taste, fashion, population size, and income. 

The Supply of a commodity is the quantity of that commodity which sellers are willing and able to offer for sale at a particular price, at a particular period of time.

The Law of supply states that the higher the price of a commodity, the higher the quantity supplied while the lower the price of a commodity, the lower the quantity supplied.

The Change in supply (shift in the supply curve): There is a change in supply if the supply curve shifts to an entirely new position. A change in supply is determined by the factors affecting supply, other than price in a commodity. Factors affecting supply include Technological development, weather and climate, government policies/effects of subsidies and taxation, a new source of raw materials. A change in supply could be a decrease or increase in supply of a commodity. 

8 0
2 years ago
A lottery winner can take $6 million now or be paid $600,000 at the end of each of the next 16 years. The winner calculates the
Semmy [17]

Answer:

Yes, her decision was correct because of Net present value rule.

Explanation:

the net present value (NPV) applies to a series of cash flows occurring at different times.

The present value of a cash flow depends on the interval of time between now and the cash flow. It also depends on the discount rate. NPV accounts for the time value of money. It provides a method for evaluating and comparing capital projects or financial products with cash flows spread over time, as in loans, investments, payouts from insurance contracts plus many other applications.

Time value of money dictates that time affects the value of cash flows.

5 0
3 years ago
Read 2 more answers
Congress is investigating U.S. involvement in the civil war in Argentina. They demand the President turns over to them informati
kow [346]

Answer:

Executive privilege.

Explanation:

If the Congress is investigating U.S. involvement in the civil war in Argentina and they demand the President turns over to them information given to him or her by the State Department and the CIA. The president refuses, asserting the right of executive privilege.

The executive privilege is the assertion of the right to withhold certain information from the court or congress by the president.

It basically, provides immunity for the president from matters relating to foreign affairs, the military and national security.

3 0
3 years ago
Read 2 more answers
Your landscaping company can lease a truck for $7,800 a year (paid at year-end) for 6 years. It can instead buy the truck for $3
Alexandra [31]

Question:

Graded assignment(towards 15% Hw grade) Saved Help Save& Exit Submit Check my work Your landscaping company can lease a truck for $7,800 a year (paid at year-end) for 6 years. It can instead buy the truck for $38,000. The truck will be valueless after 6 years. The interest rate your company can earn on its funds is 7%. 10 points

What is the present value of the cost of leasing?

Answer:

Cost of lease = $37,179.01

Explanation:

Leasing is a finance arrangement where one party (the lessor) transfers the right to use an asset to another party (the leasse) in exchange for a rent.

The cost of a lease to the leasee is the present value of the future lease payment  discounted at the cost of capital.

So using the present value of annuity formula, we can work out the cost of the lease arrangement as follow:

PV =A×  (1- 1+r)^(-n)/r

PV- Present Value

r- interest rate

n- number of years

A- annual lease payment

PV -

A-7,800

r-7%

n-6

PV = 7,800× (1- (1.07)^(-6)/0.07 =  37,179.01  

Present Value = $37,179.01

Cost of lease = $37,179.01

5 0
3 years ago
An employer interviews 150 qualified applicants, 100 white and 50 hispanic. if 25 whites are hired, what is the least number of
Tpy6a [65]
The answer is 10 Hispanics. :)
8 0
3 years ago
Other questions:
  • Who is this guy please help me!!!!!! As Soon As Possible
    15·1 answer
  • Greg, the CEO of Organic Market, wants managers and employees to instruct each other about the organization’s chosen values and
    9·1 answer
  • As a private limited firm dealing with garment manufacturing, you have little cash in hand but considerable business potential.
    13·1 answer
  • Nine years ago the Templeton Company issued 15-year bonds with a 12% annual coupon rate at their $1,000 par value. The bonds had
    12·1 answer
  • Partridge Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as
    14·1 answer
  • Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (8,000
    13·1 answer
  • Diversification is most effective when security returns are _________. a. high b. negatively correlated c. positively correlated
    7·1 answer
  • Suppose that preferences over private consumption C and public goods G are such that these two goods are perfect substitutes, th
    13·1 answer
  • Crystal Corporation makes $2,300 payments every month for leasing office equipment. Crystal recorded a lease payment as follows:
    13·1 answer
  • please use the above information to answer the following questions not down the multiples you calculated because they will be us
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!