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2 years ago

The language of price controls

Business

1 answer:

mel-nik [20]2 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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Crane Company distributes to consumers coupons which may be presented (on or before a stated expiration date) to grocers for dis

777dan777 [17]

Answer:

Liability of un-redeemed coupons Pending on December 31, 2018 is $60,000

Explanation:

Coupon already expired issued on Jan 01, 2018

Coupon issued on 07/01/2018 $830,000

Estimated redeemable coupon value - 50% $415,000

($830,000 * 50%)

Less : Disbursed $355,000

Liability pending on Dec. 31, 2018 $60,000

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2 years ago

Loss leaders are poorly managed retail companies of outlets. true or false.

Amanda [17]

False. Loss leaders are products that are sold at or below cost in order to lure you into the store.

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2 years ago

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Social responsibility is know as ______.

FinnZ [79.3K]

Answer:

B. people and community

Explanation:

Social responsibility is known as people and community. In other words it refers to any and all responsibilities that you may have when being part of a community or society to make that community better. This involves a wide range of responsibilities or obligations such as volunteering, cooperating with others, ethical and moral choices, etc. Anything that benefits the larger structure that you are part of would be considered a social responsibility.

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2 years ago

18. If the marginal product of capital net of depreciation equals 10 percent and the rate of population growth equals 2 percent,

zavuch27 [327]

Answer:

rate of technological progress = 8 %

Explanation:

given data

capital net of depreciation = 10 percent

Population growing rate = 2 percent.

solution

we will apply here Golden Rule that is

According to golden Rule level of capital accumulation is in steady state which have the highest level of the consumption

so here rate of technological progress is = 10% - 2 %

rate of technological progress = 8%

and here economy will at Golden Rule steady state

so correct answer is 8 percent

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2 years ago

What is the amount of the payments that Ned Winslow must make at the end of each of 8 years to accumulate a fund of $90,000 by t

nekit [7.7K]

Answer:

Amount to be paid annually by Ned Winslow = $8461.35

Explanation:

Fv = A ( 1 + r)∧n - 1

90,000 = A ( 1 + 0.08)∧8 - 1

0.08

90,000 = A ( 1.8509 - 1)

0.08

90,000 = 10.6366A

A = 90,000/10.6366

= $8,461.35

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2 years ago

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