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2 years ago

f the government imposes a binding price ceiling in a market, then the producer surplus in that market will increase.

Business

1 answer:

Anit [1.1K]2 years ago

6 0

Answer: This statement is FALSE

Explanation:

Price Ceiling is the maximum price fixed by government , usually less than equilibrium price to make necessity goods affordable to max people.

Producer Surplus is the difference between prevailing price & minimum price needed to induce producers to supply . Diagramaticaly / Graphicaly , it is the vertical difference between supply curve & price level

Implying Ceiling Imposition , the price gets reduced . Assuming unchanged Supply curve , the difference between price & supply curve reduces .

Hence , Producer Surplus falls

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Kenny, Inc., is looking at setting up a new manufacturing plant in South Park. The company bought some land six years ago for $8

Alisiya [41]

Answer:

$35,010,000

Explanation:

Calculation for the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project

Cash flow = $11.4 million + $22.6 million + $1,010,000

Cash flow = $35,010,000

Therefore the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project is $35,010,000

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2 years ago

When an auctioneer decides that no one will bid any higher for the goods on sale, the bidding is closed, usually by

Black_prince [1.1K]

Answer:

True

Explanation:

An auction is defined as a public sale of properties that considers bids from prospective buyers.

The highest bidder eventually makes the purchase.

The auctioneer calls for bids and when there is an unchallenged bid he pounds the gavel to indicate the item has been sold.

The auctioneer is the seller himself of am agent representing him.

At the start of the auction the seller sets a minimum price before bidding commences

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3 years ago

california, as a means to protect its environment, passes a law to ban a certain substance manufactured in kansas by xyz corpora

Svetllana [295]

The XYZ corporation may sue California for violating the dormant commerce clause. prohibits states from enacting legislation that significantly impedes interstate commerce.

<h3>What is interstate commerce?</h3>

Interstate commerce refers to the transacting or transportation of goods, services, or money across state lines.

Federal courts, for example, have considered cattle crossing a state line while grazing and the movement of pollutants across state lines to be interstate commerce in order to uphold Congress' regulatory jurisdiction.

In the United States, interstate commerce refers to any commercial transactions or traffic that cross state lines or involve more than one state.

The Interstate Commerce Act of 1887 is a federal law of the United States that was enacted to regulate the railroad industry, specifically its monopolistic practices.

The Act required railroad rates to be "reasonable and just," but it did not give the government the authority to set specific rates.

To learn more about interstate commerce, refer to:

brainly.com/question/4656005

#SPJ4

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1 year ago

which government website lists walt disney, bing crosby and charles lindbergh as former employees? irs nasa cia usps

nataly862011 [7]

The government website in which it is listed that the aforementioned names were employees is the <u>USPS</u>.

The United States Postal Service:

Employed Walt Disney as a postal carrier in 1918
Employed Bing Crosby as a post office counter
Employed Charles Lindbergh as an airmail pilot

The USPS website can therefore confidently claim that at some point or the other, all three names mentioned above used to work for them.

In conclusion, the correct answer is the USPS.

<em>Find out more about the </em><em>USPS </em><em>at brainly.com/question/910319. </em>

4 0

2 years ago

Swifty Company incurred the following costs during the year: direct materials $24.40 per unit; direct labor $13.10 per unit; var

DerKrebs [107]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Swifty Company incurred the following costs during the year: Direct materials $24.40 per unit

Direct labor $13.10 per unit

Variable manufacturing overhead $16.00 per unit

Variable selling and administrative costs $11.00 per unit

Fixed manufacturing overhead $132,000

Fixed selling and administrative costs $12,000.

Swifty produced 6,600 units and sold 6000 units.

A) Absorption costing= direct material + direct labor + variable overhead + fixed overhead

Absorption costing= 24.4 + 13.1 + 16 + (132,000/6,600)= $73.5

B) Variable costing= direct material + direct labor + variable overhead + Variable selling and administrative costs

Variable costing= 24.4 + 13.1 + 16 + 11= $64.5

4 0

3 years ago