1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
krek1111 [17]
3 years ago
8

A price ceiling set at a. $16 will be binding and will result in a shortage of 4 units. b. $6 will be binding and will result in

a shortage of 10 units. c. $6 will be binding and will result in a shortage of 6 units. d. $16 will be binding and will result in a shortage of 10 units.

Business
1 answer:
serg [7]3 years ago
4 0

Answer:

A price ceiling set at $6 will be binding and will result in a shortage of 8 units.

Explanation:

In order for a price ceiling to be binding, it must be set below the equilibrium price level. In this case, $6 is below the equilibrium price of $10. It will produce a shortage of 8 units because the quantity supplied by producers will be only 6 units, while the quantity demanded by consumers will be 14 units.

Binding price ceilings always produce a deadweight loss which is represented by the area between the demand curve and the supply curve left to the equilibrium price.

You might be interested in
Talus Inc. is considering a financial restructuring. Talus estimates its cost of debt is 6% and its cost of equity is 15.5%. Tal
adoni [48]

Answer:

WACC incorrect must be selected is the correct answer to this question.

Explanation:

The weighted average cost of capital is the amount of the valuation of the security x the cost of the security concerned. Thus, if the weight of defense increases at a high rate, the total average rate of assets rises as well.

In our present scenario, the weight of equity rises (as equity increased to repay the debt), and debt decreases (as debt is redeemed) and the cost of equity is 15.5 percent, which is higher than the cost of debt by 6 percent. As a result, the weighted average cost of capital increases.

5 0
3 years ago
Scarcity is a condition that is everywhere and always, since it is based upon two assumptions that reflect permanent universal c
mart [117]

Answer:

The world has limited productive resources

More output satisfies More wants

3 0
3 years ago
A ________ is a formal document that states the goals of the business as well as the intended process for reaching those goals.
Digiron [165]
A business plan is a formal document that states the goals of the business as well as the intended process for reaching those goals. This provides a market analysis. This basically provides the investors an idea of how the company will make use of its money and conduct business.
3 0
4 years ago
Is so sophisticated that even core functions such as engineering, research and development, manufacturing, information technolog
11111nata11111 [884]

Outsourcing is so sophisticated that even core functions such as engineering, research and development, manufacturing, information technology, and marketing can be moved outside the firm.

   The practice of employing a third party from outside a business to carry out tasks or produce commodities that were previously completed in-house by the business's own employees and personnel is known as outsourcing. Companies typically engage in outsourcing as a cost-cutting strategy.

   The outside business, often referred to as the network operator or third-party provider, makes arrangements for its own personnel or technological resources to carry out the duties or offer the services either on-site at the premises of the hiring business or at other places.

To learn more about outsourcing click here:

brainly.com/question/14202035

#SPJ4

5 0
1 year ago
What are the four key assumptions examined in specification analysis in the case of simple​ regression? A. Four key assumptions
bearhunter [10]

Answer:

C. 1. Linearity of relationship between the dependent variable and the independent variable within the relevant range. 2. Constant variance of residuals for all values of the independent variable. 3. Independence of residuals. 4. Normal distribution of residuals.

Explanation:

The four keys assumptions that are examined in the case of simple regression with respect to the specification analysis is given below:

1. There should be relationship between the dependent and independent variable and that should be linear and do not cross the relevant range

2, The residual variances of the independent variable would remain the same

3. Residual independence

4. Residual normal distribution

These four should be considered

Hence, the option c is correct

4 0
3 years ago
Other questions:
  • Sean relocated to take a new job. He immediately got sick and went to a doctor close to where he lived. During his exam, the doc
    11·1 answer
  • In 2010, the country of Vesey exported goods worth $312 billion and services worth $198 billion. It imported goods worth $525 bi
    6·1 answer
  • Which of the following statements is correct in connection with the investigation of a business? a.Regardless of whether the tax
    12·1 answer
  • An American executive goes to Yemen to finalize a business deal. He hands over his documents to his Yemeni host with his left ha
    5·1 answer
  • Wilt has a consulting contract with a firm that states that he will receive annual payments of $50,000 a year for five years wit
    9·1 answer
  • Which one of the following statements is correct? Process costing systems assign costs to departments or processes for a time pe
    12·1 answer
  • Thanks to donations from merchants in the community, an after-school club for disadvantaged children has introduced a new promot
    6·1 answer
  • Why is it important for business professionals to take an active role in developing and managing information systems? A. They kn
    8·1 answer
  • Which consequences can victims of identity theft face?
    6·1 answer
  • QUESTION 1
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!