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Goryan [66]
3 years ago
14

explain the problems that occur when government institutes wage and price controls, and explain the rationale for these controls

​
Business
1 answer:
borishaifa [10]3 years ago
5 0

If the government institutes wage and price control, companies may lose some profits. Usually if there is an increase in wages, a company will charge more to make up for the increased costs. However, if prices are also controlled by the government, companies may not be able to recover those increased costs.

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Worldwide annual sales of a product in 2013–2017 were projected to be approximately q = −10p + 4,700 million units at a selling
OlgaM077 [116]

The revenue function is given by R = -10p² + 4700p

Revenue is the total amount of money made from selling a particular unit of products while cost is the amount of money spent in production.

Given an annual sales (q) as:

q = (−10p + 4,700) million units.

The selling price is $p per unit. Hence:

Revenue = per unit price * annual sales

Revenue = p * (−10p + 4,700)

Revenue (R) = -10p² + 4700p

The revenue function is given by R = -10p² + 4700p

Find out more on Revenue at: brainly.com/question/16232387

8 0
2 years ago
The first step in the decision-making process requires you to do what?
Semmy [17]

Answer:

think.....all you have to do is think XD

but in all honesty the answer is a determine your descision

4 0
2 years ago
Sylvia works part-time at an office and also goes to school in the evenings. She is considering taking supplies for a class proj
castortr0y [4]

Answer:

Letter D is correct. <em>Public knowledge test.</em>

Explanation:

The ethics test to make your decision was the public knowledge test. According to studies, a person judges the consequences of taking an unethical attitude using a sequential and rational approach. There are a sequence of judgments which are: moral rules, defense testing, ethical principles, and anticipatory high evaluation. Taken together, these steps will help you identify if there are more advantages or disadvantages to an unethical act.

4 0
2 years ago
Confirm that you can find the financial statements for Starbucks Corporation​ (SBUX) as of Sep​ 28, 2014 using the following​ so
Ksenya-84 [330]

Answer:

D

Explanation:

from the company web page

7 0
3 years ago
Jane works in the maintenance department, which supports the production department and the research department. Jane's wages are
valina [46]
<h2>Direct to the maintenance department</h2>

Explanation:

Jane here works only in the Maintenance department. The work that he does supports both Production as well as Research. We can calculate the expenses, only by associating the department of the employee.

So, the wages should be directly associated to the maintenance department only.

We cannot add one cost to multiple department and it is not the right approach of accounting system. So the below becomes invalid.

<em>Indirect to the production department Direct to the research department Direct to the production department Indirect to the research department</em>

3 0
3 years ago
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