1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
leonid [27]
2 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]2 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

You might be interested in
Researchers have found which of these to be the most popular downward influence tactics?
Lerok [7]
The best and most correct answer among the choices provided by the question is the first choice. On the other hand, the answer for the second question is the second choice. I hope my answers has come to your help. God bless and have a nice day ahead!
8 0
2 years ago
6. Twins Barbara and Mary are both age 27. Beginning at age 27, Barbara invests $2,000 per year for 10 years and then never sets
Dmitriy789 [7]

Answer:

Barbara will have $210,349

Mary will have $188,922

Explanation:

Total time of investment is 40 years = age 67 - age 27

After 10 years, Barbara will have  $27,633 (this figure used "FV" calculation in excel = FV(7%,10,2000)

Then Barbara put all $27,633 in next 30 years then she will have $210,349 = 27,633 x (1+7%)^30

Mary didn't now invest in first 10 years, but then  invests $2,000 per year for the next 30 years, so she will have $188,922 = FV(7%,30,2000)

4 0
3 years ago
assume bell computer company operates in a perfectly competitive market producing 5,000 computers per day. at this output level,
Agata [3.3K]

In a perfectly competitive market bell computers will cause profits to increase by producing one more.

A hypothetical market system is referred to as perfect competition. Perfect competition offers a valuable model for illustrating how supply and demand influence pricing and behaviour in a market economy, despite perfect competition seldom occurring in actual markets.

One of the most efficiently operating markets is one with perfect competition, when a large number of buyers and suppliers cooperate perfectly. Sadly, it is a hypothetical event that does not occur in the real world. But in order to guarantee a fair price for all goods and services, markets should strive to be as similar to this type of market as feasible.

Learn more about perfectly competitive market here:

brainly.com/question/13961518

#SPJ4

6 0
1 year ago
What type of pricing involves summing the total unit cost of providing a product or service and adding a specific amount to the
Leviafan [203]

Answer:

a COST-BASED PRICING METHOD

Explanation:

COST-BASED pricing method is the type of pricing which involves summing the total unit cost of providing the product or services and adding a specific amount to the cost to arrive at the price. These costs includes all production cost in making the product available to the market and selling expenses incurred then add the desired amount of profit that the company wants to attain to come up the unit selling price of the product.

7 0
3 years ago
Jenny has just been hired to work at a small store. What three basic things should she expect from her employer to help protect
OverLord2011 [107]
customers are always right
don't argue with the customers
don't switch to tags
7 0
3 years ago
Other questions:
  • Which of the following are the ways that a company can finance the purchase of assets? (You may select more than one answer. Sin
    5·1 answer
  • In the table above the output level where the price minus atc (average total cost) is a maximum (or least negative) is the maxim
    9·1 answer
  • If sales units exceeds the break-even point in units, the firm will experience
    12·1 answer
  • In the ____ stage of selecting information technology projects, organizations define project scope, benefits, and constraints. a
    13·1 answer
  • This year Jack intends to file a married-joint return. Jack received $178,800 of salary, and paid $7,050 of interest on loans us
    10·1 answer
  • What is moral muteness? Why do you think an advertising professional might experience this phenomenon?
    12·1 answer
  • Which of these people is most likely a freelancer?
    11·2 answers
  • Give at least five (5) names of entrepreneurs that you know, may it be from your locality or within the Philippines. Identify wh
    9·1 answer
  • On january 15, the owner of a sole proprietorship withdrew $2,000 cash for personal use from the business. how would this entry
    12·1 answer
  • Salaries of managers and maintenance personnel are examples of ______ labor costs.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!