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Feliz [49]
3 years ago
13

When a certain price control is imposed on this market, the resulting quantity of the good that is actually bought and sold is s

uch that buyers are willing and able to pay a maximum of P 1 dollars per unit for that quantity and sellers are willing and able to accept a minimum of P 2 dollars per unit for that quantity. If P 1 - P 2 = $3, then the price control is a. a price ceiling of $3.00. b. a price ceiling of $5.00. c. a price floor of $6.00. d. either a price ceiling of $3.00 or a price floor of $6.00.
Business
1 answer:
podryga [215]3 years ago
5 0

Answer: Option A is the most correct option. A price ceiling of $3.00. because it is the maximum amount that can be added to the floor price of that commodity

Explanation: price ceiling is a price regulation process, whereby a group or the government, imposes a maximum amount that can be added to the floor price of that commodity, so that price of goods will not be over expensive for buyers. The floor price is the minimum price that goods can be sold.

P1 is the maximum amount the goods can be sold, while P2 is the floor Price. This makes $3.00 to be the price ceiling, because it is the maximum amount that can be added by the seller on that commodity.

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Rizenton-Pharm, a pharmaceutical company, produces a significant amount of chemical waste every day. The company disposes the wa
LenaWriter [7]

Answer: (B) Legal responsibility

Explanation:

 The legal responsibility is one of the type of legal duty based on some laws and it basically helps in creating the foundation of the different types of values in an organization.

The legal responsibility plays an important role in an organization or any company as it helps in ensure all the legal formalities done by the company with the supplier, manufacturer or deals with the other company.

According to the given question, the Rizenton-pharm is one of the type of pharmaceutical company that producing the various types of chemical waste on regular basis that affect the government regulations and also environment. So, the pharm has flailed for fulfill their legal responsibility.

Therefore, Option (B) is correct answer.

7 0
3 years ago
_______ refers to changing one or more of a product's characteristics; while, a _______ is the development of a product closely
jeka57 [31]

Answer: <u>PRODUCT MODIFICATION</u> refers to changing one or more of a product's characteristics; while, a <u>LINE EXTENSION</u> is the development of a product closely related to one or more products in the existing product line but designed specifically to meet somewhat different customer needs.

7 0
4 years ago
Kenya performs research and creates reports for her boss, the company's Chief Executive, Kenya's job title is best
CaHeK987 [17]

Answer:

Kenya performs research and creates reports for her boss, the company's Chief Executive, Kenya's job title is best

described as  an Executive Administrative Assistant

Liz responds to people who contact a company. She deals with people who visit the office in person and people who

call or email the company. Her job title is best described as  a Receptionist

Neil handles important paperwork that his office needs to keep track of. He sorts paperwork and keeps it handy so he

can retrieve information whenever it is needed. His job title is best described as  a File Clerk.

Salvador organizes information and appointments for a department manager. He also reviews and sorts e-mail for his

boss. His job title is best described as an Administrative Assistant.

Explanation:

The administrative assistants, receptionists, and file clerks perform important functions.  In their various capacities and roles, they help their bosses to function more efficiently and effectively by relieving them of routine tasks.  As they perform these duties, their bosses are enabled to concentrate their efforts and time in managing their assigned responsibilities.  However, these job titles are not universally uniform, as it depends on the organization.

4 0
3 years ago
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almond37 [142]

Answer:

Project L is the better project as it has higher NPV and its IRR is 12.70%

Explanation:

- NPV of Project S as followed:

-1,000 + 895.03/(1+10.5%) + 250/(1+10.5%)^2 + 10/(1+10.5%)^3 + 5/(1+10.5%)^4 = $25.5

- NPV of Project L as followed:

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The IRR is the discount rate that puts the net present value of project's cash flows to 0 (zero).

- IRR of Project L as followed:

-1,000 + 5/(1+IRR) + 260/(1+IRR)^2 + 420/(1+IRR)^3 + 802.5/(1+IRR)^4 = 0 <=> IRR = 12.70%

7 0
3 years ago
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