Answer:
A price ceiling is a bar on the legal maximum price a commodity can be sold for while a price floor is the least legal price a commodity can go for.
The price ceiling is always greater than the price floor in this case it is not so, hence the price floor is not binding to the price ceiling.
the statements below is analyzed under price ceiling and price floor according to whether it is binding or nonbinding.
Explanation:
1. Due to new regulations, donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so.
Statement one is neither a price ceiling nor a price floor and it is nonbinding
2. The government has instituted a legal minimum price of $1.80 each for donuts.
Statement two is a price floor and it is binding.
3. The government prohibits donut shops from selling donuts for more than $1.10 each.
Statement three is a price ceiling and it is binding.
Answer: c) having limited ability to respond to changes in product and quality
Explanation:
JIT or Just In Time is a system that eliminates waste, reduces the time of production and improves product quality by focusing on customers' wants and having as little lag as possible between order to delivery time.
It is based on rapid throughput, inventory is purchased in discrete quantities as at when needed and production is carried out based on customers' orders or what is believed will be sold. This system does not leave room for any variances in product or quality.
Answer:
$140
Explanation:
Calculation for What is the least amount the government can spend to overcome the $350 billion gap
First step is to find the Multiplier using this formula
Multiplier=1(1-Marginal propensity)
Let plug in the formula
Multiplier=1/(1-0.6)
Multiplier=1/0.4
Multiplier=2.5
Now let calculate the least amount the government can spend using this formula
Least amount=Gap/Multiplier
Let plug in the formula
Least amount=$350 billion /2.5
Least amount=$140
Therefore the least amount the government can spend to overcome the $350 billion gap is $140
Answer: D.) Both A and B are correct.
Explanation:
The Bank Secrecy Act/USA PATRIOT Act demands that people who are applying for bank products should verify their identity.
They can do so via several documents first of which is a single Group A document. These could be Driver's License
, Foreign Passport
, Military ID etc.
Then there is to be a single identity from both B1 and B2 as well and these include: Employee ID
, Check Cashing ID
, Food Stamp ID
, Indian Tribal Card and the like.
This is being done to limit terrorist financing and money laundering so utmost compliance is advised.
The Perfect Rose Co. has earnings of $1.70 per share. The benchmark PE for the company is 20.
What stock price would you consider appropriate? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Stock price = Earning per Share * PE Ratio
Stock price = 1.70*20
Stock price = $ 34
What if the benchmark PE were 23? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Stock price = Earning per Share * PE Ratio
Stock price = 1.70*23
<span>Stock price = $ 39.10</span>
