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Paraphin [41]
3 years ago
13

Which situation is the most likely result of a price ceiling being set below the equilibrium price?

Business
1 answer:
Neko [114]3 years ago
6 0
<span>This can create a shortage in the market. This means that there is too much demand for a good and not enough product to cover it. This creates restrictions on the products that people are allowed to buy, which decreases the profit potential.</span>
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A _____ determines the best way to get an advertiser's message to the market.
zzz [600]
That would be a "media plan"
3 0
3 years ago
Blank describes the practice of products and services traded between countries around the world.
Mamont248 [21]

Global Trade

This is the exchange of goods and services across international borders - international/global trade typically represents a large portion of a country's GDP.

8 0
3 years ago
Read 2 more answers
Over a​ five-year span, the Acme Company reduced the amount of labor it hired. At the same​ time, the marginal productivity of l
White raven [17]

Answer:

D) all of the above

Explanation:

Probably the single most labor reducing factor is new technology and how it is applied within a business. Automation is probably the single most important labor reducing factor in the US over the last 30 years. This is specially for factory workers, since automation is responsible for fewer industry jobs, not China.

New technologies increase marginal returns for labor and they also have changed organizations completely.

Computers, the internet, smartphones, Amazon, etc., have changed our world. Even the military has changed, a pilot can be located inside a US base and his airplane is flying a mission in the Middle East.

8 0
3 years ago
Owners of defective used cars have more information about the condition of their vehicles than potential buyers of those used ca
lakkis [162]

Answer:

D. asymmetric information.

Explanation:

Owners of defective used cars have more information about the condition of their vehicles than potential buyers of those used cars. This is an example of an asymmetric information.

An asymmetric information can be defined as a situation wherein there's an imperfect flow of information or knowledge between the buyer and the seller of a product; sellers having more knowledge than the buyer of a product.

4 0
3 years ago
ABC Company's production budget for October is based on 500 units. Standard unit cost for raw materials is $130 per unit ($10 pe
melisa1 [442]

Answer and Explanation:

The computation is shown below;

a. Raw material price variance is

= (standard price - actual price) × actual quantity

= ($10 - $11) × ($69,300 ÷ $11)

= ($10 - $11) × 6,300

= $6,300 unfavorable

b. The raw material usage variance is

= (Standard quantity - actual quantity) × standard price

= (525 × 13 - 6,300) × $10

= $5,250 favorable

In this way it should be calculated

3 0
3 years ago
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