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stealth61 [152]
3 years ago
12

True or False: If the equilibrium price of concert tickets were $50, a price ceiling of $40 will cause fewer people to attend cl

assical music concerts than if there is no price control. True False

Business
1 answer:
alex41 [277]3 years ago
6 0

Answer:

False

Explanation:

A price ceiling will always result in economic deficiencies and deadweight loss. The quantity supplied will decrease since the price set is below the equilibrium price, and the quantity demanded will increase due to the same reason. A shortage of products or services results from price ceilings.

The deadweight loss results from the loss of economic efficiency and is represented by the area below the demand curve and above the supply curve, which is left of the equilibrium price.

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Determine which moral standard of social responsibility the business is observing. Meg's company decided to build an additional
Lerok [7]

Answer:

e) Corporate Citizenship Moral Standard

Explanation:

Social responsibility is defined as the ethical framework that guides companies and individuals to give back to the environment in which they operate. It is a balance between pursuing economic benefits and protecting the ecosystem.

In this secanrio when the community started a protest because of the negative impact the factory would have, Meg's company promised to prevent and pay for any negative impact to the community. It also offers to build a community park to balance out the negative impact the factory might cause.

The moral used here is corporate citizenship moral standard. Where a company is ameliorating negative effect of its processes and also building a community park for the community

3 0
3 years ago
Read 2 more answers
The opportunity cost to a consumer who smokes cigarettes is the:
andreyandreev [35.5K]

Answer: d. Products the consumer could have bought instead of cigarettes.

Opportunity cost refers to the loss benefits from the choices a person would have made if he or she had not made a particular choice.  

Opportunity cost is also known as alternate cost.

In this question, had the consumer would have spent on other products if he had not bought cigarettes. Hence these products represent the opportunity cost of cigarettes.

6 0
3 years ago
Read the scenario and answer the question that follows: rochelle sets the goal, "to increase my business writing grade from a 45
Margarita [4]
Rochelle sets the​ goal, "To increase my Business Writing grade from a 45 to a 95 in the next two​ weeks, I will study six hours a day and submit four drafts of the next assignment for​ feedback." 
How should Rochelle change her goal to make it more​ effective?

make it more realistic

5 0
3 years ago
Organizations cannot be successful if they do not pay attention to the forces in their external environment
aliya0001 [1]

Answer:

True

Explanation:

If the managers fails to pay attention, the organization cannot be successful

4 0
3 years ago
While preparing your risk responses, you identify additional risks. What should you do? Add reserves to the project to accommoda
saw5 [17]

Answer: Document the risk and calculate the expected monetary value based on the probability and impact of the occurrences.

Explanation:

Risk response refers to the development of strategic options to reduce the threats and enhance opportunities to the objectives of the project.

It should be noted that when new risks are identified, such risks go through the process of risk management and one needs to be able to know the risk probability and risk impact and then get to curtail them.

8 0
2 years ago
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