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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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Portfolio management matrices are applied to what level of strategy?.
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Answer:

Portfolio managers oversee a collection of projects, programs and other activities that are grouped together to meet strategic business objectives. The practice of portfolio management is integral to the implementation of your organization’s overall strategic plan.

Explanation:

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During the paleogene period the style of plate boundary in california shifted to
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5 0
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Erkkila Incorporated reports that at an activity level of 6,800 machine-hours in a month, its total variable inspection cost is
Mashutka [201]

Answer:

27.79

Explanation:

According to the given situation, the computation of average fixed inspection cost per unit is shown below:-

Average fixed cost of inspection = Inspection cost ÷ Machine hous in a month

= $197,309 ÷ 7,100

= 27.79

Therefore for computing the average fixed inspection cost per unit we simply applied the above formula.

3 0
3 years ago
Selling price and amount spent advertising were entered into a multiple regression to determine what affects flat panel lcd tv s
kogti [31]

Answer:

Answer = 54

Explanation:

       Predictor                  Coef              SECoef               T             P

       Constant                  90.19             25.08              3.60         0.001

         Price                     0.03055       0.01005          −3.04         0.005

     Advertising              3.0926          0.3680             8.40         0.000

The required multiple regression model is :  

y = 90.19 - 0.03055   Price + 3.0926 Advertising

The estimated value of y for Price = 2199 and Advertising = 10 is :

y = 90.19-0.03055 x 2199+3.0926 x 10 = 53.94 ≈ 54

So , the number of units sold on average at a store that sells the Sony Bravia for​ $2199 and spends​ 10% of its advertising budget on the product is ≈ 54

7 0
3 years ago
Michael perez deposited a total of $2000 with two savings institutions. one pays interest at a rate of 6%/year, whereas the othe
White raven [17]

Answer:

Amount invested at a rate of 6% = \$400

Amount invested at a rate of 7% = \$1600

Explanation:

Let x and y denote the amount of money, in dollars, invested at 6% and 7%, respectively.

Total amount deposited = $2000

x+y=2000

x=2000-y

Interest earned on amount x = \frac{6}{100}x

Interest earned on amount y = \frac{7}{100}y

Total interest earned =\frac{6}{100}x+\frac{7}{100} y

As Michael earned a total of $136 in interest during a single year,

\frac{6}{100}x+\frac{7}{100} y=136\\6x+7y=13600

Put x=2000-y

6(2000-y)+7y=13600\\12000-6y+7y=13600\\12000+y=13600\\y=13600-12000\\y=1600

So,

x=2000-1600=400

Amount invested at a rate of 6% = \$400

Amount invested at a rate of 7% = \$1600

7 0
3 years ago
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