Answer:
A surplus of avocados will result from the price ceiling.
Explanation:
A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.
A price ceiling is binding when it is set below equilibrium price.
The price ceiling ($4.50) is less than the equilibrium price ($4) of avocados. As a result, surplus would increase. The supply of avocados would exceed the demand because price ceiling is above equilibrium price
Answer:
The ending balance in the retained earnings account is $31400.
Explanation:
The ending balance in the retained earnings accounts is equal to the opening balance of the retained earnings account plus the addition to the retained earnings for the year.
The addition to retained earnings will be the Net income less dividends.
The net income for the year was = 75200 - 55000 = $20200
Addition to Retained earnings = 20200 - 12600 = $7600
Closing balance of retained earnings = 23800 + 7600 = $31400
Explanation:
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The government could achieve reduction of cigarette consumption to by imposing a per-unit tax on cigarettes of 200 billion packs per year
<h3>What can Taxation achieve?</h3>
A taxation refers to compulsory levies on individuals, business by the governments on their income, operation etc.
In conclusion, apart from the revenue that tax generates for the government official, its also serves as tool for controlling consumption.
Read more about taxation
<em>brainly.com/question/25783927</em>
Answer:
b.
Explanation:
Based on the information provided within the question it can be said that this is a liquidated damages clause if the amount is a reasonable estimate of the loss on a breach. This a safety feature placed in order to recover money lost on the negligence of the party that breached the contract, so that the other party does not suffer much loss.
