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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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In 2013, the market price for a 3,000 square foot home in south tampa, florida was $350,000 and 358 new homes were built. in 201

vivado [14]

Answer would be .24, according to my "calculations"

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3 years ago

Kendall Corners Inc. recently reported net income of $3.1 million and depreciation of $500,000. What was its net cash flow?

podryga [215]

Answer:

Net cashflow = Net income + Depreciation

Net cashflow = 3,100,000 + 500,000 = 3,600,000 dollars

Explanation:

Net cashflow equals net income plus depreciation.

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3 years ago

A company that makes which of the following types of products would best be suited for a job costing system?a. Fruit juice b. Ba

vovangra [49]

Answer:

custom jewelry

Explanation:

A job costing system refers to the process of collecting data about the expenses related to a particular job in manufacturing or service. To apply the cost information to a client underneath an agreement where expenses are refunded, this information might be needed.

The knowledge is also helpful in determining the quality of the forecasting method of a business, which ought to be able to cite rates allowing for a healthy profit. You could also use the details to attribute unchanging expenses to the finished goods.

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3 years ago

Parents can reduce their taxes by:

shusha [124]

Parents can reduce their taxes by using a child care tax credit. The government gives parents tax credit for each child that they have. Unlike tax deduction and exemption, tax credit can be able to reduce more in the parents’ tax bill. Tax deduction just tries to lower the taxable income and not a reduction in other areas.

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3 years ago

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Jimmy has completed the headline section of his text ad and is now writing the description section. What are three factors that

artcher [175]

What Jimmy should include in the description section of his text ads are:

State the prices, and exclusive offers.
Word of Encouragement for potential customers.
State why his business is unique.

<h3>What is the importance of text ads ?</h3>

Text ads is been used by a company to promote their business, this usually include the description about their products and services.

In this case, Jimmy should include word of Encouragement for potential customers in the description section of his text ads

CHECK THE COMPLETE QUESTION BELOW;

Jimmy has completed the headline section of his text ad and is now writing the description section. What are three factors that Jimmy should include in the description section of his text ads? (Choose three.)

(A) A mention of prices, promotions, and exclusive offers

(B) Encouraging potential customers to take action

(D) A variety of emoji to catch the attention of potential customers

Learn more about the ads at

brainly.com/question/9655926

#SPJ1

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1 year ago