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patriot [66]
3 years ago
10

Suppose that the city of Rentville sets a price ceiling of $800 a month on all apartments, although the market equilibrium rent

is $1,000. Which of the following is least likely to occur? a) An increase in the quantity of existing apartments in Rentville. b) A decrease in new apartments being built in Rentville. c) A shortage of apartments in Rentville. d) An excess of quantity demanded over quantity supplied in the market for apartments.
Business
1 answer:
elixir [45]3 years ago
4 0

Answer: a) An increase in the quantity of existing apartments in Rentville

Explanation:

A price ceiling is the maximum price that a good or service can be sold.

The price ceiling ( $800) is less than the equilibrium rent ($1000). This would lead to a reduction in supply of houses and an increase in demand.

When demand outstrips supply, shortages occur.

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Jackie has one risk-free asset and one risky stock in her portfolio. The risk-free has an expected return of 3.2 percent. The ri
masha68 [24]

Answer:

Portfolio Return = 11.975%

Explanation:

The portfolio return is calculated by taking the weights of individual securities in a portfolio and multiplying them by the return of individual securities. The formula can be written as,

Portfolio return = wA * rA + wB * rB

Where,

  • wA is the weight of security A
  • rA is the return on security A
  • wB is the weight of security B
  • rB is the return on security B

The risk free asset has a beta of zero.

Let the weight of risk free asset be x. The weight of risky asset is 1-x.

Portfolio beta =       0.975 =  x * 0 + (1-x) * 1.3

0.975 = 1.3 - 1.3x

0.975 - 1.3 = -1.3x

-0.325 / -1.3 = x

x = 0.25

Portfolio return = 0.25 * 0.032 + (1-0.25) * 0.149 = 0.11975 or 11.975%

8 0
3 years ago
Suppose that a government agency is trying to decide between two pollution reduction policy options. Under the permit option, 10
Ksivusya [100]

Answer:

a. the cost of reducing it's existing pollution by one unit.

Explanation:

Marginal cost refers to the addition to total cost when one more unit of output is produced. Marginal cost in the given case would refer to the additional cost incurred for reducing the current pollution level by one unit.

In the given case, a firm is charged $250 for each unit of pollution emitted under the pollution tax option.

It is also stated that all the firms experience increasing marginal costs of pollution reduction.

This means, as additional units of pollution are reduced, the additional costs would go on increasing.

If a firm finds that, reducing 1 unit of pollution from the current level costs it equal or more than $250, it will opt to pay $250 since, for each subsequent unit of pollution reduction, the additional costs would rise.

7 0
3 years ago
Lists and arrays can be valuable tools for the programmer. 1. provide an example of a ‘list' and explain how it would be used as
Fynjy0 [20]
<span>#Get the user input for both MPG and Gallons
 MPG = float(input('How many miles have you driven?'))
  Gallons = float(input('How many gallons are in the tank?'))
 #Do the MPG divided by Gallons
  MPG_div_Gallons = MPG/Gallons
 print('Your cars MPG is ',MPG_div_Gallons,'.')
  #to hold the code I am using an input
 input('Press Enter to Exit')
   The arrays are "MPG", MPG_div_Gallons,and Gallons. It can be used to solve an average of mile per gallon has been emission in a certain amount of drive. (Code in Python)</span>
6 0
3 years ago
A minimum wage set above the equilibrium wage will Group of answer choices create a shortage of labor. create a surplus of labor
GrogVix [38]

Answer:  A minimum wage set above the equilibrium wage will create a surplus of labor. The reason for this is that when the minimum wage is set about the equilibrium wage, the quantity of labor demanded will form, as firms will desire to hire less labor at higher rates. For eg if the equilibrium wage level is $10 per hour and a firm hires 2000 workers at that rate, if a minimum wage of $12 per is enforced the same firm might be willing to hire only 1800 workers at that rate and this will create a surplus of labor.

Explanation:

4 0
3 years ago
Flextrola, Inc. , an electronics systems integrator, is planning to sell its next generation product using components sourced fr
DENIUS [597]

With a mean of 1000 and a standard deviation of 600, the probability that the demand is going to be withing 25 percent of its forecast is 0.3230.

a. Mean = 1000

sd = 600

p(1000x 1-25%) - p(1000x 1+25%)

using the z test

d-μ/σ

p(z < \frac{1250-1000}{600} )-p(z < \frac{-1000}{600} )\\\\(z < 0.4167)-(z < -0.4167)

find values using excel sheet formula

NORMSDIST(0.4167) - NORMSDIST(-0.4167)

=m0.6615 - 0.3385

= 0.3230

<h3>b. The probability that the forecast would be more than 40 percent</h3>

1000x 1+40%

= p(D>1400)

= 1- NormDist(0.667)

= 0.225

c. Cu = 121-72 = 49

Co = 72.50 = 22

The critical ratio calculation

49/22 +49 = 0.6901

Normsinv(0.6901) = 0.496

1000+0.496x600

= 1297

The units that Flextrola has to order is 1297.

<h3>d. The expected sales of Flextrola</h3>

1200-1000/600

= 0.3333

loss function from z = 0.333 is 0.254

600x0.254 = 152. 4

1000-152.4 = 847.6

the expected sales are 847.6

e 1200- 847.6

= 352. 4

The units of inventory that can be sold is 352.4

Read more on inventory here: brainly.com/question/24868116

7 0
2 years ago
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