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3 years ago

Rent control policies tend to cause

Business

1 answer:

Jobisdone [24]3 years ago

7 0

Answer:

d. Relatively smaller shortages in the short run than in the long run because supply and demand tend to be more inelastic in the short run than in the long run.

Explanation:

"The adverse effects of rent control are less apparent to the general population because these effects occur over many years. In the short run, landlords have a fixed number of apartments to rent, and they cannot adjust this number quickly as market conditions change. Moreover, the number of people searching for housing in a city may not be highly responsive to rents in the short run because people take time to adjust their housing arrangements. Therefore, the short-run supply and demand for housing are relatively inelastic."

Reference: Gans, J., King, S., & Mankiw, N. G. (2011). Principles of microeconomics. Cengage Learning.

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Manipulation Manufacturing's (AMM) standards anticipate that there will be 5 pounds of raw material used for every unit of fini

gregori [183]

Answer:

price variance: 13,050 favorable

quantity variance: -1,760 unfavorable

Explanation:

standard quantity 5

standard price 1.1 per pound

actual quantity for 4900 units

$beginning \: inventory + purchases = ending \: inventory + used$

8000 + 25,500 -7,400 = 26,100 pounds

standard quantity 4,900*5= 24,500

actual price 15,300/25,500 = 0.60

standard price = 1.10

$price \: var = actual \: pounds(STD \: price - actual \: price)$

$26100(1.1 - 0.6) = 13050 \: favorable$

Because actual is lower than STD the company saved money spending. It is favorable.

$quantity \: var = STD \: price(STD \: quantity - actual \: quantity)$

$1.10(24500 - 26100) = - 1760 \: unfavored$

Because the company used more pounds than STD the quantity variance is unfavorable

8 0

3 years ago

What is one way the United States uses a Command economy?

GaryK [48]

A command economy is one where the government controls most things. The US is a mixed economy (some aspects of command, some aspects of market), and one aspect of the command economy that the US has is the DMV. You're forced to, for example, pay for licenses and license plates. The government regulates this.

7 0

3 years ago

Last year Swensen Corp. had sales of $303,225, operating costs of $267,500, and year-end assets of $195,000. The debt-to-total-a

kolbaska11 [484]

Answer:

The correct option is D

There is increase in ROE by 2.86%

d. 2.86%

EXPLANATION:

THIS IS THE COMPLETE QUESTION BELOW;

Last year Swensen Corp. had sales of $303,225, operating costs of $267,500, and year-end assets of $195,000. The debt-to-total-assets ratio was 27%, the interest rate on the debt was 8.2%, and the firm's tax rate was 37%. The new CFO wants to see how the ROE would have been affected if the firm had used a 45% debt ratio. Assume that sales and total assets would not be affected, and that the interest rate and tax rate would both remain constant. By how much would the ROE change in response to the change in the capital structure?

a. 2.08%

b. 2.32%

c. 2.57%

d. 2.86%

e. 3.14%

CHECK THE ATTACHMENT BELOW FOR DETAILED EXPLANATION

3 0

3 years ago

When a firm like dunkin’ donuts conducts marketing research, what should its first step be?

dezoksy [38]

When one does marketing research, he or she gathers important information that would help him decide whether the proposed product or service is suitable for the market. So when a firm like Dunkin' Donuts does marketing research, the first step that it should do would be to identify research objectives.

4 0

3 years ago

Read 2 more answers

What are the three most critical components that a marketer needs to examine to segment a market effectively?

Georgia [21]

1. Identifiability (and measurability)
2. Accessibility
3. Responsiveness

1. Identifiability
- the target market must be identifiable to determine which of the
consumers belong to the segment. The target market must be well-
defined and measurable, particularly in terms of population, income, and
age bracket.

2. Accessibility
- this refers to the ease of reaching the identified market segment in terms
of geography and economy with appropriate market strategies.

3. Responsiveness
- the target market should be evaluated if they will respond (i.e. purchase)
the products and services created for them. There is little point in
identifying a market, creating a product, and developing marketing
strategies if the consumers themselves see little value in what is being
offered to them. Thus, the products and services must meed the
consumers' or organizations' needs.

4 0

4 years ago