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Ymorist [56]
3 years ago
13

When does it make sense for government to interfere with a pure market outcome?

Business
1 answer:
guajiro [1.7K]3 years ago
5 0
There are several situations when the government has to interfere with a pure market outcome. If the price of a product rises without any significant cause or if there is more supply than demand of a market, then the government can put a price ceiling or floor price of a product. This is purely to keep the economy of a country or state stable.
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Which of the following is a critical dilemma when implementing fiscal policy in reference to timing lags?
Pepsi [2]

Answer: Option C

Explanation: In simple words, critical dilemma refers to the confusions and problems that may arise and are pretty hard to solve.

While implementing fiscal policies in an economy the authorities must have proper information however the information takes time and cost to get collected and processed.

This situation is called information lag and is a critical dilemma as the individuals in authority have to decide whether to go for information processing and collecting or not.

8 0
3 years ago
Rebotar Inc, makes basketballs. Their fixed costs are $3450 Variable costs are $12 per basketball, If the basketball is priced a
worty [1.4K]

Answer:

Break-even points = 265.38

Explanation:

Given:

Fixed cost = $3,450

Variable costs = $12

Selling price = $25

Number of balls sold = 300

Find:

Break even costs

Computation:

Contribution per unit = Sales - Variable costs

Contribution per unit = $25- $12

Contribution per unit = $13

Break-even points = Fixed cost / Contribution per unit

Break-even points = $3,450 /$13

Break-even points = 265.38

6 0
3 years ago
A customer submits a written complaint disputing monetary charges assessed against an account held at a member broker-dealer. re
PilotLPTM [1.2K]

An account housed at a member broker-dealer has financial charges applied to it that a customer disputes in writing. Resolution of this grievance will be accomplished by: Code of Conduct

A subtype of medical categorization called a  code of conduct is used to specify particular surgical, medicinal, or diagnostic operations. The codes' structure will vary depending on how they are classified; for instance, some utilize an alphanumeric scheme and others a numerical one. In addition to procedure codes, the International Classification of Primary Care (ICPC-2) also includes diagnosis codes, grounds for encounter (RFE), and process of care.

The International Classification of Health Interventions (ICHI) and the International Classification of Medical Procedures (ICPM)

Learn more about  Code of Conduct here

brainly.com/question/17486514

#SPJ4

4 0
1 year ago
If Kindle e-readers and Nook e-readers are substitutes, a higher price for Nooks would result in a(n) ______.
lara31 [8.8K]

Answer: a) increase in the demand for Kindles.

Explanation: the substitution effect for substitute goods gives that, if the price of good A rises, the demand for good B rises. Since a substitute good is a good that can be used in place of another, they are goods that a consumer perceives as similar or are comparable, in such a way that having more of one good causes the consumer to desire less of the other good. From the viewpoint of price, and given that consumers always prefer to spend less in instances where two goods are substitutes, it then means that Kindle can be used and preferred in place of Nooks given that the price of Nooks had gone up. Therefore, increasing the price of Nooks causes a corresponding increase in the demand for Kindles.

3 0
3 years ago
Kay’s dog-walking service is a profit-maximizing, competitive firm. Kay walks dogs for $7.50 each. Her total cost each day is $4
devlian [24]

Answer:

Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.

Explanation:

Giving the following information:

Kay walks dogs for $7.50 each. Her total cost each day is $45—she spends $35 a day on gas driving to different neighborhoods, and her liability insurance and other fixed costs average out to $10 per day.

Kay walks five dogs a day.

Income= 7.5*5= $37.5

Total cost= 45

Loss= (7.5)

Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.

6 0
3 years ago
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