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9966 [12]
3 years ago
9

e competitive equilibrium rent in the city of Lowell is currently​ $1,000 per month. The government decides to enact rent contro

l and to establish a price ceiling for apartments of​ $750 per month. Briefly explain whether rent control is likely to make each of the following people better or worse off.
Business
1 answer:
nikklg [1K]3 years ago
6 0

Answer:

The people that are already renting an apartment are going to benefit from the price ceiling ($750) since it is lower than the equilibrium price of $1,000. They will be OK as long as they keep renting their apartments.

But since price ceilings lower the quantity supplied of apartments, if someone is currently looking for an apartment or is considering moving to another apartment, then they will be worse off.

Less owners will be willing to rent their apartments at the price set ($750) because they are losing money. So there will be less available apartments which obviously will make it more difficult to find a new apartment to rent hurting both tenants and owners.

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Mobile marketing has a unique ability to empower users by connecting with them individually and continuously. This socially netw
Luba_88 [7]

Mobile marketing has a unique ability to empower users by connecting with them individually and continuously. This socially networked world will lead to connected users having more direct interactions with sellers.

What is Mobile marketing?

  • Mobile marketing is a multi-channel online marketing technique focused at reaching a specific audience on their smartphones, feature phones, tablets, or any other related devices through websites, e-mail, SMS and MMS, social media or mobile applications.
  • Mobile marketing can provide customers with time and location sensitive, personalized information that promotes goods, services, appointment reminders and ideas.
  • In a more theoretical manner, academic Andreas Kaplan defines mobile marketing as "any marketing activity conducted through a ubiquitous network to which consumers are constantly connected using a personal mobile device".
  • Mobile marketing may include promotions sent through SMS text messaging, MMS multimedia messaging, through downloaded apps using push notifications, through in-app or in-game marketing, through mobile websites, or by using a mobile device to scan QR codes.
  • Proximity systems and location-based services can alert users based on geographic location or proximity to a service provider.
  • Mobile marketing is an indispensable tool for companies large and small as mobile devices have become ubiquitous.
  • The key players in the space are the brands (and companies that they represent through advertising), and service providers that enable mobile advertising.
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To learn more about mobile marketing: brainly.com/question/4232483

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7 0
1 year ago
Write merits of one dimensional diagrams ?​
Usimov [2.4K]

Answer:

(i) They are readily understood even by those unaccustomed to reading charts or those who are not chart-minded.

(ii) They posses the outstanding advantage that they are the simplest and the easiest to make.

(iii) When a large number of items are to be compared they are the only form that can be used effectively.

7 0
2 years ago
Read 2 more answers
Sam Peters is the sole proprietor of Charismatic Cats​, a business specializing in the sale of​ high-end pet gifts and accessori
deff fn [24]

Answer:

Charismatic Cat's Income Statement for the recent year:

Sales $1,060,000

Less Cost of Sales: $662,200

Gross Profit = $397,800

Less Selling & Administration - $114,700

Net Income - $283,100

Explanation:

a) cost of goods sold includes opening inventory plus purchases, including freight-in, less closing inventory:

Beginning Inventory - $19,800

Purchases - $636,000

Freight-in - $19,500

Less Closing Inventory - $13,100

b) Selling and Administration expenses include the cost of website maintenance, cost of shipping and wrapping boxes, and marketing.

c) Cost of goods sold is deducted from the sales to arrive at the gross profit, which compares the sales income with the sales cost.

d) Net income is a sum of gross profit less all the marketing, selling, and administration expenses incurred in running the business.  This figure represents the gain made from being in business.

Administration - Website maintenance - $53,000

Selling Expenses - $61,700 (marketing - $33,200 + Wrapping box & shipping- $28,500)

3 0
3 years ago
A store has a $179.99 item on sale for 25% off, plus an additional 20% off. What is the percentage of savings off on this item?
Irina-Kira [14]

Answer:

Percentage of savings off=45%

Explanation:

Savings=discount×Original item price

First save=(25/100)×179.99=$44.9975

Additional save=(20/100)×179.99=$35.998

Total savings=(44.9975+35.998)=$80.9955

Percentage of savings=(Total saving/Original price)×100

(80.9955/179.99)×100=45%

8 0
3 years ago
Anna recently moved to Boston in order for her husband Joe to begin a new job as an economics professor at Harvard. Anna is an e
kirill115 [55]

Answer:

uh

Explanation:

8 0
2 years ago
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