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3 years ago

What happens when a price floor is imposed above the equilibrium price of a good?

1 answer:

3 0

<span>Price floors can have differing effects depending on other government policies. If the government agrees to purchase a specific maximum of unsold products at the price floor, it incentivizes a business to increase supply or at least to stay in the industry despite slow sales. Many governments do this for areas they see as strategically or politically significant, such as agriculture, or to prevent what they consider to be unfairly low prices of its products. If a foreign government sets a price floor for coffee beans, for example, and then agrees to buy the surplus up to a certain amount, it encourages growers to maintain their operations by placing an effective hedge against price fluctuations. If you own a small coffee shop, these price floors mean that you’re more likely to be able to find your imported beans, but you’ll pay more for them</span>

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The marketing manager for an automobile manufacturer is interested in determining the proportion of new compact-car owners who w

scoray [572]

Answer:

A)There is not sufficient evidence that the proportion is not 0.30.

Explanation:

When carrying out a statistical test, we always have two types of hypothesis which include null hypothesis and alternative hypothesis. The two hypotheses are opposite of each other, if one rejects one, he/she must accept the other. If the null hypothesis is accepted, it means that there is no statistical significance of the claim. In this case, the null hypothesis is accepted meaning that there is not sufficient evidence that the proportion is not 0.30. Hence, the correct answer is A

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3 years ago

Which of the following answer options are ways to prevent falls from ladders?

earnstyle [38]

Answer:

which answers so i can help you mate

Explanation:

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2 years ago

Read 2 more answers

Apple hosts a large number of forums, which become customers' primary source of product information after warranties expire and

ser-zykov [4K]

Answer:

D. online communities

Explanation:

-Social networks are sites where people can share information and communicate.

-Microblogs are a type of online blog that has short entries.

-Niche networks are networks that focus on a specific group of people.

-Online communities are groups of people that interact on the internet through forums, chat rooms to get information about specific topics.

According to this, these forums are an example of online communities.

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4 years ago

A couple will retire in 50 years; they plan to spend about $22,000 a year in retirement, which should last about 25 years. They

Serga [27]

Answer:

Annual deposit= $2,803.09

Explanation:

<u>First, we need to calculate the monetary value at retirement:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual payment

FV= {22,000*[(1.08^25) - 1]} / 0.08

FV= $1,608,330.68

Now, the annual deposit required to reach $1,608,330.68:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (1,608,330.68*0.08) / [(1.08^50) - 1]

A= $2,803.09

3 0

3 years ago

What is the endowment effect? A. Wealthier individuals place greater value on a particualr good relative to poorer individuals.

mr Goodwill [35]

Answer:

The correct answer is letter "C": People place a higher value on a good if they own it than they do if they are considering buying it.

Explanation:

The Endowment Effect reflects a situation in which people value an object more because they own it. The value they would give the object if they did not have it and were going to purchase it would be lower. This scenario takes place when people give a higher value to their objects because of emotional attachment.

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3 years ago