Answer:
The correct answer is letter "B": limits on interest rates charged by credit card companies.
Explanation:
A Price Ceiling is a maximum amount a seller can charge for a product or service. A regulating authority -usually the local government- enforces price ceilings and they are typically set to protect low-income consumers for being priced-out of markets of essential goods and services.
Apartments provide a common example. Some cities provide price ceilings on what the landlords can charge for rent. A price ceiling in credit card interest rates would all into this category as well.
A kickoff meeting is used to introduce team members and acknowledge the purpose of the project while discussing the project plan along with identifying the ground rules that are expected of the project members.
<h3>What is a kick-off meeting?</h3>
Before work begins, there will be a kick-off meeting to get everyone acquainted. It guarantees that everyone begins with the same degree of knowledge and comprehension of the project, something that a Team Meeting doesn't really get.
This is your chance to introduce your staff to any customers or clients who may be engaged in the project, and vice versa. A kick-off meeting marks the beginning of a project in full. Your team's primary goal moving forward should be the project.
Learn more about kick-off meeting
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Answer:
58 days
Explanation:
The computation of the average collection period is shown below:
Average collection period = Total number of days in a year ÷ (Sales ÷ Average receivable)
= 360 days ÷ ($500,000 ÷ $80,000)
= 57.6 days
= 58 days
The average receivable is come by dividing the sales from the account receivable
We simply applied the above formula so that the average collection period could come
This is the answer but the same is not provided in the given options
And, this is an incomplete information kindly find the attachment below:
Answer:
(i)New firms will enter the market.
(iii)In the long run, all firms will be producing at their efficient scale
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market price is set by the forces of demand and supply.
If firms are earning positive profits, in the long run new firms would enter into the industry and this woold drive positive profits to zero. As a result , firms would be operating at the efficient scale.
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Answer:
Scarcity is a condition that is everywhere and always, since it is based upon two assumptions that reflect permanent universal conditions. The assumptions are that more output will satisfy more wants and the world has limited productive resources
Explanation:
Due to the fact that there is high demand in market and there is limited productive resources which in turns affect the demand, hence; causing scarcity