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Elza [17]
3 years ago
11

In the micro supply and demand model, which of the following is true when a fully effective price ceiling is removed from a comp

etitive market. (Assume no other change in government policy.) I. This change is a PPI II. Producer surplus must fall III. Consumer surplus must rise
Business
1 answer:
anzhelika [568]3 years ago
7 0

Answer:

Consumer surplus must rise

Explanation:

Remember, the Price ceiling is removed in a competitive market when there is a struggle to get many consumers.

If however the market price is not allowed to rise to the equilibrium level, quantity demanded would exceed quantity supplied, creating a shortage.

For example, several firms sells apple fruit at a price ceiling of $5, when the price ceiling is removed in this competitive market we would expect the firms to lower the price they sell their apples inorder to get more customers.

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The company Andorinha Ltda. presented on 03/15/01 the total amount of R$1,500.00 in the account of Duplicates Payable; soon, on
DerKrebs [107]

Answer:

a) Credit Balance R$1,000.00

Explanation:

The Duplicates Payable represents a Liability in Andorinha Ltd records.

When Andorinha Ltda paid a cash duplicate in the amount of R$500.000 the entries recorded will be :

Trade Payable-Duplicates R$500.000 (debit)

Cash R$500.000 (credit)

<em>Effect on Balance of Duplicates Payable</em>

Decrease in Duplicates Payable by $500,000

Remaining Balance is $100,000 (credit)

8 0
3 years ago
A small publishing company is planning to publish a new book. The production costs will include one-time fixed costs (such as ed
patriot [66]

The number of books that will be produced such that the costs from the two methods be the same is 4668 units.

From the complete question, the total cost of the first equation will be:

= 8.25x + 65054

The total cost for the second equation will be:

= 19.50x + 12539

Then, we'll equate both equations together and this will be:

8.25x + 65054 = 19.50x + 12539

Collect like terms

19.50x - 8.25x = 65054 - 12539

11.25x = 52515

Divide both side by 11.25

11.25x/11.25 = 52515/11.25

x = 4668 units.

Therefore, the breakeven unit will be 4668 units.

Read related link on:

brainly.com/question/25265523

5 0
3 years ago
Read 2 more answers
Mary's team is located in different countries. Because of the time zone differences, it is difficult for the team to meet all to
Svet_ta [14]

Answer:

e) asynchronously

Explanation:

Since in the question it is mentioned that the team of Mary would be located in different countries having different time zones so it would be difficult to meet all together so their meeting would be conducted asynchronously where the time does not match or it would not be happened in the same time

Hence the last option is correct

3 0
3 years ago
Describe how organizational culture is related to project management. What type of culture promotes a strong project environment
alukav5142 [94]

Explanation:

Every company regardless of its size or area of ​​activity has an organizational culture, formally instituted or not.

Organizational culture can be defined as the company's identity, it is a system of values, procedures and behaviors that are shared by all members of an organization. A culture can be rigid or flexible, innovative or conservative, strong or weak, hostile or supportive.

Therefore, the relationship that the organizational culture has with the project management area is the impact on the behavior and form of action of the project members, the culture has a relevant impact on the identity of the professional.

The ideal type of culture to promote a strong project environment is a culture focused on innovation and the guidance and coordination of staff, with an emphasis on the group, so that there is integration, motivation and a favorable climate.

3 0
3 years ago
Assume Countries A, B, and C produce goods that are substitutes of each other and that these countries engage in trade with each
sveticcg [70]

Answer:

The answer is: C) decrease; increase

Explanation:

Currency appreciation occurs when the value of one currency increases in relation to another currency. In this case, country A´s currency will gain value against the currency of countries B and C (C´s currency is pegged to B´s currency).

This means that products from country A will be more expensive than products from countries B and C, which should lower country A´s exports and increase its imports.

6 0
3 years ago
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