1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bija089 [108]
3 years ago
5

In one version of the experiment, the professor plans to put a ceiling of $11 on prices. That is, no one will be permitted to su

bmit a bid or an asking price greater than $11. Will this be a binding price ceiling? That is, will the price ceiling affect the prices that buyers and sellers agree to when they trade?
Business
1 answer:
Mashcka [7]3 years ago
5 0

Answer:

no

Explanation:

given data

ceiling = $11

solution

we know here professor is planing put  ceiling = $11 on prices

but no one is permitted submit bid greater than of $11

so we know at price = $11 most of the consumer will be able to buy product

and market actually clear at $10

so cost to producer fall below = $11

hence the price ceiling at $11 here it will not be binding

You might be interested in
Which of these innovations would not qualify as a dominant design? a. The two wheeled diamond frame bicycle b. Direct online ins
Alecsey [184]

The best answer for this question would be:

d. The 5 string bass guitar

 

This innovation is not a dominant design because it has already been done, and that the attempt of this 5-string would result in a musical failure.

7 0
3 years ago
A price floor is found ___________ the equilibrium point.
leonid [27]
Underneath
because it's a floor haha
3 0
3 years ago
I’m two to four sentences, explain economics of scale.
schepotkina [342]
These occur whenever a firm's marginal costs of production diminishes. they could result from change on a macroeconomic level, reducing burrowing costs. or new infrastructure
5 0
3 years ago
A local marketing firm is considering launching a new and extensive social media marketing campaign. This investment of resource
slava [35]

Answer:

The marketing firm should use the Present Net Value calculation to see if the marketing campaign will add value to the company.

Explanation:

The Present Net Value is a calculation that brings to present time all the future cash flows of an investment. Seeing the campaign marketing strategy as a potential investment, the firm has to identify the revenue entirely caused by the marketing campaign. Doing this, the firm will identify inflows (sales) per year that have to be subtracted to the outflows (marketing expenses). The net value of every year is discounted at a discount rate, and if the Present Net Value is higher than 0, it means that the marketing strategy is expected to bring value to the firm

7 0
3 years ago
What is actual work of employees​
makvit [3.9K]
<h3>An employee works part-time, full-time, or is temporary in a job assignment. An employee barters his or her skills, knowledge, experience, and contribution in exchange for compensation from an employer. ... Employers must pay the non-exempt employee for every hour worked as they are paid by the hour.</h3>

Explanation:

<h2>#CARETOLEARN❤️</h2>
7 0
2 years ago
Read 2 more answers
Other questions:
  • Otool Inc. is considering using stocks of an old raw material in a special project. The special project would require all 150 ki
    6·1 answer
  • You are scheduled to receive $10,000 in one year. what will be the effect of an increase in the interest rate on the present val
    6·1 answer
  • The primary reason entrepreneurs choose to incorporate is because of:
    8·1 answer
  • The search for and utilization of the best methods used by competitors and non-competitors that lead to superior performance is
    9·1 answer
  • Orson takes harrison's car without harrison's permission and without just cause. orson has probably committed the tort of conver
    8·1 answer
  • These workers state the "only thing they have is their work". This statement suggests that without this work, they would have a
    11·1 answer
  • Marin Factory provides a 2-year warranty with one of its products which was first sold in 2017. Marin sold $940,900 of products
    12·1 answer
  • Suppose you were hired as a consultant for a company that wants to penetrate the Comp-XM market. This company wants to pursue a
    9·1 answer
  • Select all the correct answers. which of the following statements are true? economic stability means fair distribution of goods
    13·1 answer
  • Drag the tiles to the correct boxes to complete the pairs.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!