Read the sentence.

If the equilibrium price of avocados is $4 and the government issues a price ceiling of $4.50, what is likely to happen in the m

Marat540 [252]

Answer:

A surplus of avocados will result from the price ceiling.

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

A price ceiling is binding when it is set below equilibrium price.

The price ceiling ($4.50) is less than the equilibrium price ($4) of avocados. As a result, surplus would increase. The supply of avocados would exceed the demand because price ceiling is above equilibrium price

6 0

3 years ago

Television channel operating profits vary from as high as 45 to 55 percent at MTV and Nickelodeon down to 12 to 18 percent at NB

Xelga [282]

Answer:

Explanation:

MTV and cable channels can have higher operating profits largely because they have lower costs and can reach very specific demographic groups quite easily. MTV and Nickleodeon are typically not paying high and uncertain prices for their shows. They air mainly reruns of proven shows or relatively low-cost reality shows. This means that they have more cost certainty.

In addition, they have very clear target audiences where the networks do not. MTV is clearly aimed at teens and young adults while Nickleodeon is a kids' channel. Advertisers are attracted to channels with such clear demographics.

As far as Porter's five forces go, the most likely reason for the higher cable profits would have to do with brand equity and the lower propensity among buyers to substitute.

These would mean that cable channels have a lower threat of new competition and a lower threat of substitute products. It is true that it is easy for a new cable channel to be created, but it is much harder for such a channel to get the name recognition and brand equity that MTV and Nickleodeon have.

4 0

3 years ago

The Company deposits $6,900 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $6,900 plus ear

astra-53 [7]

Answer:

$8750.87

Explanation:

This is compound interest problem. The formula used to solve this would be:

$F=P(1+r)^t$

Where

F is the future value (what we want, after 3 years)

P is the initial value (given 6900)

r is the rate of interest per period

here, 8% per year, so 8/4 = 2% per period (since compounded per quarter)

t is the time (3 years and compounding per year so times of compounding is 3*4 = 12), so t = 12

Substituting, we get our answer:

$F=P(1+r)^t\\F=6900(1+0.02)^{12}\\F=6900(1.02)^{12}\\F=8750.87$

<u>There will be about $8750.87 at the account at the end of 3 years!</u>

8 0

3 years ago

The demand curve has what kind of slope?

Leto [7]

It is a graph that shows the relationship between the quantity demanded of a commodity at different prices over a given period of time. It is observed that the demand curve slopes downward from left to right. It shows it has a negative slope which implies that consumers purchase more of commodity at lower prices than at higher prices.

Hope this helps and pls give me brainliest

8 0

3 years ago

A weekly time ticket for Joyce Caldwell follows: Direct Labor Time Ticket Dates: Monday 8/13 − Friday 8/17, 2018 Ticket Number:

dusya [7]

Answer:

Wages for Job 271= 16* 31= $ 496

Wages for Job 272= 8 *31= $ 248

Wages for Job 273= 31*16= $ 496

Explanation:

Job 271, 8+8= 16 hours

Wages for Job 271= 16* 31= $ 496

Job 272, 4+ 4= 8 hours

Wages for Job 272= 8 *31= $ 248

Job 273 Weekly =40 - 16- 8= 16 hours

Wages for Job 273= 31*16= $ 496

Working:

Direct Labor Time Ticket

Dates:

Monday 8/13 −

Friday 8/17, 2018

Ticket Number: TT 338 Employee: Joyce Caldwell

Date Time Started Time Ended Total Hours

Job Number 8/12/2018 7:00 AM 3:00 PM 8 hours

Job 271 8/13/2018 7:00 AM 3:00 PM 8 hours

Job 271 8/14/2018 7:00 AM 3:00 PM 8 hours

Job 272 8/15/2018 7:00 AM 11:00 AM 4 hours

Job 272 8/15/2018 12:00 PM 4:00 PM 4 hours

Maintenance 8/16/2018 7:00 AM 3:00 PM 8 hours

Job 273

Weekly Totals 40 hours

Hourly Labor Rate × $31 Total Wages Earned $1,240

7 0

3 years ago