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leonid [27]
3 years ago
7

The town of Fairness has a law that says that wages should be high enough to ensure that all people can afford to buy enough foo

d to feed their families. The law that sets food prices low enough to meet these requirements would be an example of a:
Business
1 answer:
Angelina_Jolie [31]3 years ago
8 0

Answer:

Price ceiling

Explanation:

The price ceiling means the maximum price that is charged by the supplier to the consumer. If is not affected so it is above equilibrium price and in case when it is below than the demand is greater than the supply.

So in the given question, it is mentioned that the prices of food are set low that are sufficient to meet the requirement represent the price ceiling example

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scZoUnD [109]
Analogy I’m pretty sure
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Poor business communication is characterized by: writing that takes less time to read and understand. writing that involves mini
LuckyWell [14K]
Poor business communication is characterized by:

writing that prevents a reader from guessing information.

5 0
3 years ago
When a monopolist increases output, total revenue will: Multiple Choice increase if the price effect outweighs the quantity effe
Basile [38]

Answer: will increase if the quantity effect outweighs the price effect

Explanation:

A monopolist is an individual or a firm that controls all the market for a certain good or service in the market. A monopolist has so much power and usually doesn't improve their product as there are no alternatives.

An increase in output by monopolist will increase if the quantity effect outweighs the price effect.

5 0
3 years ago
John has just won the state lottery and has three award options from which to choose. He can elect to receive a lump sum payment
12345 [234]

Answer:

John should opt for the 30 annual end-of-the-year payments of $4 million as that gives the highest present of value of $49,636,164.73  as shown below.

Explanation:

The options are evaluated as follows:

Option 1 $46,000,0000 today

Option 2

The present of value of this option is calculated using the below formula:

Present value of annuity = ((1-(1/((1+i)^n))/i) X PMT

where i=rate=7%

n=10years

PMT=$7m

PV=((1-(1/((1+0.07)^10))/0.07) X 7000000

PV=$ 43,834,929.21  

Option 3

The present value of this option using the formula in option 2 is:

PV=((1-(1/((1+0.07)^30))/0.07) X 4000000

PV=$49,636,164.73  

Hence, the last option is preferable.

7 0
4 years ago
____ is a limited partnership agreement that may specify how profits and losses are to be allocated among the partners. If no ag
Leokris [45]

Answer:

The correct answer is: Share of Profits and Losses.

Explanation:

In a limited partnership, there are two types of partners, general and limited.  

General partners invest capital and manage the business, and personally liable for debts. Limited partners only invest capital and do not manage a business, and are not personally liable for debts.  

Share of Profits and Losses is an agreement that specifies how profits and losses are to be allocated among the partners.  

In case there is no such agreement, RULPA which is a revision of ULPA provides that profits and losses are to be shared on the basis of capital contribution of each partner.

7 0
4 years ago
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