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Suppose that the government sets a price floor for milk that is above the competitive equilibrium price With the price floor, co

SIZIF [17.4K]

Answer:

The correct answer is: demand curve; option C.

Explanation:

A price floor is the lowest limit fixed on the price of a product. It is imposed by the government to protect the producers.

A binding price floor is fixed above the equilibrium market price. It is a horizontal line above the equilibrium price.

The consumers are willing to purchase the quantity where the price floor intersects the demand curve.

There is an excess supply as firms supply more at a higher price while the consumers demand less.

Since there is a difference between the equilibrium price and what the consumers are willing to pay, there exists a deadweight loss. This deadweight loss is the triangular area below the demand curve and above the supply curve between equilibrium quantity and price floor quantity.

8 0

3 years ago

Read the following situation and decide whether or not anyone in the situation commits sexual harassment. Justify your judgement

Vikki [24]

Answer:

Hector does not commit sexual harassment against Kylie when he asks her out. It is a one time event, and he does not push the issue. Kylie does not commit sexual harassment when she refuses Hector's proposal for a date. She does not demean him. Kylie does commit sexual harassment when she brings the incident up in the workplace. She speaks disparagingly of Hector's sexuality and it gets back to him. He can bring a sexual harassment claim against Kylie through his company.

Explanation:

on e2020

4 0

2 years ago

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Which methods of paying for college do not require repayment? Check all that apply.

Svetradugi [14.3K]

Answer:

The correct answer would be option D, Scholarships

Explanation:

Scholarships are basically grants, given to students who cannot pay for their education expenses. Grants are the funds that are given to an entity by the Government or financial institution or any institution which the receiving party is not required to repay. Grants are usually given to the non profit organizations, Educational institutions, individuals or businesses to help them grow and meet their expenses better. So scholarships are the grants given to students by the college authorities to continue their education and meet their educational expenses and the students are not required to payback these student scholarships.

8 0

2 years ago

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g On January 1, 2021, Sealed Air had 100,000 shares of common stock outstanding. The following transactions occurred during 2021

leonid [27]

Answer:

$3.10

Explanation:

Outstanding on Jan 1 = 100,000*12/12 = 100,000

Less: Treasury Stock 3,900*10/12 = (3,250)

Add: Sold Treasury Shares 3,900*3/12 = 975

Add: New Shares Sold 12,900*1/12 = 1075

Weighted Average of Equity Shares = 100,000 - 3,250 + 975 + 1,075

Weighted Average of Equity Shares = 98,800

Basic Earnings per Share = Net Income/Weighted Average of Equity Shares outstanding

Basic Earnings per Share = $306,750/98,800 shares

Basic Earnings per Share = $3.10475709

Basic Earnings per Share = $3.10

So, Sealed Air's basic earnings per share for the year ended December 31, 2021 is $3.10.

4 0

2 years ago

How does scarcity affect Trey?

Diano4ka-milaya [45]

Answer:

The answer is: All our actions and decisions are affected by scarcity. Trey must decide what actions he needs to take to maximize his well being.

Explanation:

By definition all resources are finite, they have a limit. Even the richest corporations in the world have a certain amount of money, no one can have infinite money. No basketball team is made up of 7 billion people, someone in the world will not be able to play basketball. Time, materials, goods, services, everything is limited, so everything is scarce.

Trey´s (and everyone else´s) day is only 24 hours long, so he must decide how to divide his time to achieve the goals that maximize his happiness or well being. He must decide what is most important for him, a car or the basketball team. Time scarcity sets up a limit on the decisions we make. He must decide whether to work more to be able to buy the car, or should he stay on the team and forget about the car. Only Trey can decide based on what will make him happier.

6 0

2 years ago