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Shkiper50 [21]
3 years ago
12

Suppose the price of wheat is set at $5 a bushel and not allowed to decrease. This price is above the equilibrium price, which c

auses a surplus of wheat in the marketplace. This situation describes a _____.
price floor
price ceiling
Business
2 answers:
emmainna [20.7K]3 years ago
6 0

Answer: Suppose the price of wheat is set at $5 a bushel and not allowed to decrease. This price is above the equilibrium price, which causes a surplus of wheat in the marketplace. This situation describes a <u>PRICE FLOOR.</u>

Explanation: Price floor: Government practice consisting in setting a price above the market price; It tends to benefit producers. For this measure to be effective, means must be administered to absorb surplus production.

Talja [164]3 years ago
3 0

Answer: it is price floor

Explanation:

5$ is the lowest the price can go because they will NOT set it any lower, but it can go higher from there.

i took the testtoo, i got it correct.

floor is the lowest price, ceiling is the highest.

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What is the correct answer Even when competitive firms are unable to calculate marginal revenue product directly,
Aleks04 [339]

Answer: The corrects answers are "C) the pressures of competition in the labor market" and A) will push wage rates toward the marginal revenue product of labor.".

Explanation: Because the correct and complete statement would be: Even when competitive companies cannot directly calculate the product of marginal income, the pressures of competition in the labor market will push wage rates towards the product of marginal income from labor.

Making it clear that the strong pressures that are the product of competition in the labor market pushed wage rates towards the product of marginal income.

8 0
3 years ago
stock sells for $100 rights-on, and the subscription price is $90. Ten rights are required to purchase one share. Tomorrow the s
m_a_m_a [10]

Answer:

$99.09

Explanation:

Calculation for What is Tricki's expected price when it begins trading ex-rights

Using this formula

Expected price=Stock rights-on- [ (Stock rights-on-Subscription price)÷(10 rights+ One share)]

Let plug in the formula

Expected price=$100-[($100-$90)÷(10+1)]

Expected price=$100-($10÷11)

Expected price=$100-$0.91

Expected price=$99.09

Therefore Tricki's expected price when it begins trading ex-rights will be $99.09

3 0
3 years ago
What are two advantages of the procurement integrated enterprise environment.
nevsk [136]

Answer:

Increasing visibility on all procurement stages. You can get access to the reports, documents, payments, workflows anytime. Data Security.

Explanation:

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4 0
2 years ago
Because you understand the law of supply, you can deduce that the correct graphical representation of the supply for CDs must be
Bas_tet [7]

Answer:

S1

Explanation:

Law of Supply, is the law which states or claims that all else being constant or equal, then the quantity supplied of the good increases when the price of the goods also increases.

Ans this states the positive relationship among the price and the quantity, thus an upward sloping curve. Therefore, it is the curve (supply curve), which is more likely for the CDs.

This curve shows the relationship among the amount that the sellers willing to and able to supply and the price of the CDs, which is called as the quantity of CDs supplied.

3 0
3 years ago
Kelly's Kitchen, a popular chain of fast food restaurants, offers a kids' meal pack free with every purchase of its newly introd
aleksandr82 [10.1K]

Answer:

Premium

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Kelly's kitchen in offering kids meal with every purchase of its luxury meal pack; this is an effective method to attract customers and to improve overall sales. The method which Kelly's kitchen has opted for is known as premium. The kitchen is offering a premium or an incentive to every customer who buys their luxury meal pack. Premium is an incentive which is offered in this example.

5 0
3 years ago
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