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marissa [1.9K]
3 years ago
6

The language of price controls

Business
1 answer:
mel-nik [20]3 years ago
4 0

Answer:

1) The government prohibits gas stations from selling gasoline for more than $3.40 per gallon.  

This statement is an example of price ceiling as the gas stations cannot raise their price above $3.40 but can sell it at any price lower than the ceiling price of $3.40. This is binding

2) Due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from doing so. This is neither a price ceiling or floor as government isn't directly affecting the price with their policy

3) The government has instituted a legal minimum price of $3.40 per gallon for gasoline. This is an example of price floor and is binding. The reason it is a price floor is because the petrol stations cannot charge a price below $3.40 but can charge any price above the floor price of $3.40

Explanation:

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Sholpan [36]

Answer: A. the summed value of each possible rate of return weighted by its probability

Explanation:

The Expected Return of a project is indeed the summed value of each possible rate of return weighted by its probability.

When going into a project, a financial analyst has to account for the possible outcomes that could happen such as interest rates rising or falling.

They then take the various likelihoods and assign rates of returns to them that are either known or anticipated. They will then give each likelihood a probability of it occuring and then give a Weighted Average of these probabilities along with the rates of returns for those likelihoods.

The summed figured that they get is what is known as the Expected return and it includes the various likelihoods that could happen to the project.

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4 years ago
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Answer:

b) false

Explanation:

An increase in debit balances means more investing by naive investors and would be a bearish indicator.

A debit balance can be regarded as account balance that has positive balance at the left side of the account.

Some of the Accounts with debit balance are;expenses as well as

assets and losses. Some of these accounts Examples could be fixed assets accounts receivable as well as fixed assets. Some Contra accounts usually have debit balances , some of theses are;contra equity and contra liability. Typical example is the treasury stock account. bearish harami which can be regarded as candlestick chart indicator, ,that is responsible for reversal as regards bull price movement.

4 0
3 years ago
HELP Question 3: To determine gross profit, A:subtract the cost of goods sold from sales.
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Answer:

A

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Gross profit = total sales - total cost of sales

7 0
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Read 2 more answers
Mario's is a pizza and pasta producer that experiences increasing opportunity cost. (a) Draw a production possibilities frontier
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Answer:

(in the graph)

Explanation:

The PPF will show how Mario can only do as much of pizza and pasta and there is a certain point at which producing additional units of pasta or pizza comes at the cost of resinging a unit of the other good.

The points over the line and below the lien are attainable.

While those above the frontier are unattainable for Mario's current factor disposition.

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Vroom-Vroom manufactures miniature cars and has determined that its total manufacturing cost of $1,500,000 is a mixture of unit-
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$784,434 will be allocated to the Retail division

Explanation:

See attached file

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