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Yuki888 [10]
3 years ago
13

1. Problems and Applications Q1 Suppose the demand for classical music concert tickets is downward sloping and the supply of cla

ssical music concert tickets is upward sloping. Lovers of classical music persuade Congress to impose a price ceiling of $40 per concert ticket. True or False: If the equilibrium price of concert tickets were $30, a price ceiling of $40 will cause more people to attend classical music concerts than if there is no price control. True False
Business
1 answer:
Rudiy273 years ago
6 0

Answer:

False

Explanation:

As the ceiling of 40 dollar is above the equilibrium it will have no bidding It will have no impact the agents (musician offering the concerts and attendants) will not be affected for the policy.

Only when teh market equilibrium price increase as above this level it will be biddding and generate a contraction of the supply as their will not provide for 40 dollar when the market price is above this amount.

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Lapatulllka [165]

The initial outlay for the project after depreciation is loss of $26,700.

<h3>What is  depreciation?</h3>

Depreciation in accounting refers to two parts of the same concept: first, the real decline in fair value of an asset, such as the worth of factory equipment each year.

Depreciation is used to match the cost of a productive asset with a useful life of more than a year to the revenues received by employing the asset. The expense of an asset is frequently spread out throughout the years that it is used.

Section 32 of the Income Tax Act of 1961 contains the provision for authorising depreciation. Depreciation is a deduction allowed by the Income Tax Act for the reduction in the real worth of a physical or intangible asset used by a taxpayer.

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8 0
2 years ago
Find two competing products. Evaluate consumer reviews and ratings regarding these two products. Decide which is the superior pr
Vlada [557]

Dettol and Lifebuoy product comparison is taken

Explanation:

1. Features - The color of Dettol packaging is Green in color ,and Lifebuoy is Red in color. This makes the major physical difference in the products.

2.Benefits - Both oh them exhibit the same benefits of detoxing and use of disinfectant of germs. Soaps. liquid hand wash and hand sanitizers are the most common products of them.

3. Product Information- Dettol contains Chloroxylenol whereas Lifebuoy contains germ protection soap bars.

4.Style -Lifebuoy is a ring or horseshoe shaped and has a connecting line allowing the causality to be pulled to the rescuer in a boat.

5. Performance- Both the products have pros and cons attached to it. Where dettol is superior in some features whereas Lifebuoy has some superiority in other certain things.

Though both exhibit almost the same characters , it totally depends upon the person which they prefer over the two products.

5 0
4 years ago
Which statement indicates the impact of globalization on the African farming community?
svp [43]

The statement that indicates the impact of the Globalization on the African farming community is use of modern methods of farming increased the crop production of the people.

<h3>What is Globalization?</h3>

Globalization is a term which refers to the interconnection and interaction of the economy with that of the world's economy. It involves the exchange of the knowledge, trade, technology and even people.

The complete image of the question is attached below.

The African farmers faced many challenges but still they are graced with a very appropriate soil type, which has been aided by modern irrigation practices, fertilizers.

Many of the international aggro-processing company that set up factory near the village in the hopes of obtaining easy and cheap labor. As a result of these factors, people's crop production has increased dramatically.

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6 0
2 years ago
What is the future value of $25,000 invested for 10 years with a rate of return of 8%?
sergejj [24]

Answer:

6% on an investment that will return $450,000

Explanation:

5 0
3 years ago
A computer reads a sequence from top to bottom and left to right? True or False
Alisiya [41]

Answer:

true

Explanation:

its true because if you look at your computer it goes left to right ,top to bottom . Also because you can turn on your flipagram

7 0
3 years ago
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