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Elena L [17]
3 years ago
7

For each part below, write a short essay (around 8 sentences) to provide arguments for and/or against the claim presented in tha

t part: (a) (10 points) ”Governments should not try to regulate or interfere with free markets as any such behaviour is bound to cause inefficiency.” (b) (10 points) ”Price mechanism is an effective tool that can be used to achieve efficient provision of public goods.”
Business
1 answer:
9966 [12]3 years ago
4 0

Explanation:

a) A free market would allow the laws of demand and supply to flourish; prices of commodities will be set by manufacturers based on demand. However, Government regulations which interfere with the free market is going to result in feeling the pain of monopoly.

b) Indeed, the price mechanism when controlled by the government can result in efficient provision of public goods.

One such example of a public good ls PMS (premium motor spirit) used as petrol in most vehicles. Controlling the price of petrol by the government in most cases helps avoid excessive charges from petrol stations per pump price.

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list of standard operating procedures
8 0
3 years ago
A manager wants to determine the number of containers to use for incoming parts for a kanban system to be installed next month.
Ierofanga [76]

Answer:

the number of containers that should be used is 1.67 containers

Explanation:

The computation of the number of containers that should be used is as follows;

= Annual demand × time × (1 + inefficiency factor) ÷ holding pieces

= 71 × 0.83 × (1 + 0.16) ÷ 41

= 1.67 containers

Here The time is converted from minutes to hour i.e

= 50 minutes ÷ 60 minutes

= 0.83

Hence, the number of containers that should be used is 1.67 containers

6 0
3 years ago
Which of the following is an accurate statement about the consequence of nonbinding price ceiling?
Liula [17]

Answer:

d. They do not change the quantity of goods bought or sold in the legal market.

Explanation:

A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.

Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.

This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.

A nonbinding price ceiling can be defined as a price that do not have any effect on the price of goods or services in the market.

Hence, an accurate statement about the consequence of nonbinding price ceiling is that they do not change the quantity of goods bought or sold in the legal market.

5 0
3 years ago
Return on Common Stockholders' Equity
attashe74 [19]

Answer:

Explanation:

Return on common stockholders' equity for 2015:

(Net income - preferred stock)/Equity

(63,000-5,400)/2,400,000 = 57,600/2,400,000 = 2.4%

Return on common stockholders' equity for 2015:

(99,000-5,400)/3,000,000 = 93,600/3,000,000 = 3.12%

From these calculations, it is clear that return has improved.

8 0
3 years ago
Which of the following is true about the interest rate of a Direct PLUS Loan?
raketka [301]

The interest rate is fixed is true about the interest rate of a Direct PLUS Loan.

<u>Explanation:</u>

The federal loans which can be used by college or technical graduates and parents of participating undergraduate students to find a way to pay for educational expenses is understood as Direct PLUS loans. Direct PLUS loans have a fixed rate mortgage and are not subsidized, meaning debt increases when the borrower is enrolled in school. It's usually known as a parent PLUS loan when it's provided to a teacher, and as a grade PLUS loan when it's rendered to a graduate student.

8 0
3 years ago
Read 2 more answers
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