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pychu [463]
3 years ago
6

What is a price ceiling?why would a price ceiling be put at good service

Business
2 answers:
Anestetic [448]3 years ago
8 0

Answer:

to keep the goods from becoming too expensive

Explanation:

Misha Larkins [42]3 years ago
5 0
A price ceiling is when a government decides what the maximum price for a certain commodity or a product can be. It can be put to good use if the people are poor and cannot purchase a necessary product such as flour or water or similar. Then the government can help them procure it with a price ceiling.
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In an hour, Henry can wash 20 windows or clean 2 bath tubs. In an hour, Rose can wash 30 windows or clean one bath tub. If their
marysya [2.9K]

If their father Dave allows them to trade chores to achieve gains from trade then "Henry will clean bath tubs; Rose will wash the windows".

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<u>Explanation:</u>

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6 0
3 years ago
If the market price of each camera case is $8 what is the profit-maximizing quantity? 300 units 400 units 500 units 600 units
Serjik [45]

Profit will be maximum for the firm where marginal revenue = marginal cost.

Since, the market price is fixed at $8 and therefore each additional unit of camera will be sold at $8.
Hence, marginal revenue = $8.

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