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ankoles [38]
4 years ago
15

A price imposed by the government below an equilibrium price is called a ____

Business
1 answer:
ehidna [41]4 years ago
6 0

Answer:

Price ceiling

Explanation:

When the government imposed a price ceiling in a market of goods which means that price set by the government lies below the equilibrium price of an economy. Price ceiling results in a higher demand for the goods because people wants to buy more quantity of goods at a lower price. But supplier of the goods wants to reduce supply as it will become less profitable for the producers to sell the product at a lower price.

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Gunst Company produces three video games: Android, Bio-Mutant, and Cyclops. Cost and revenue data pertaining to each product are
Dima020 [189]

Answer:

Gunst should produce 500 Bio-mutant games:

  • total contribution margin = $71 x 500 = $35,500

Explanation:

                                   Android          Bio-mutant          Cyclops

selling price                  $100                 $107                   $125

labor                               $48                  $24                     $60

direct materials               $9                    $8                       $16

variable overhead          $7                     $4                        $9

contribution margin      $36                   $71                      $40

labor hours                        4                       2                          5

Bio-mutant generates by far the largest contribution margin and requires the least direct labor hours.

Gunst should produce 500 Bio-mutant games:

  • total revenue = $107 x 500 = $53,500
  • total contribution margin = $71 x 500 = $35,500

If it produces 250 Android games its total contribution margin will = $9,000

If it produces 200 Cyclops games its total contribution margin will = $8,000

7 0
3 years ago
Sthilaire Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.52 direct la
Fed [463]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Each unit of output requires 0.52 direct labor-hours. The direct labor rate is $9.00 per direct labor-hour. The production budget calls for producing 1,700 units in April and 1,600 units in May. The company is committed to paying its direct labor workforce for at least 960 hours a month.

We need to calculate the total number of hours required each month.

April:

Direct labor hours= 1,700 units* 0.52= 884 hours

Total cost= 960 hours*$9= $8,640

May:

Direct labor hours= 1,600 units* 0.52= 832 hours

Total cost= 960 hours*$9= $8,640

3 0
3 years ago
Stocks for which any missed dividend payments must be paid in the future to the preferred shareholders before the common shareho
Murljashka [212]

Answer:

Preferred stocks

Explanation:

Preferred stocks are those that must be paid dividends first than common stock. The same thing happens in case of bankruptcy: preffered stock holders get paid first than common stock holders, although both are paid after bondholders.

The downside of preferred stocks is that they do not transfer control in the company. While common stock owners have the right to vote in company matters, preferred stock owners do not have that right.

5 0
3 years ago
for each of the following, indicate whether you would quote from the original e-mail in your response. (select all that apply) t
Makovka662 [10]

The options where it is most appropriate to quote from the original email are;

Option A - To make changes to a distributed meeting agenda;

Option B - To suggest changes to the new proposed office budget

Option C - To confirm participation on a new project.

<h3>Why is it important to quote from an original email?</h3>

Quoting or citing or replying to an original email helps to ensure the following:

  • That the text being sent as a reply is considered within the context of the original one
  • To provide room for reinforcing previously sent communication
  • To allow for comparison of related text
  • To allow corrections to a referenced idea
  • To allow reference to an original thought or idea.

<h3>What is a quote?</h3>

To quote means to reference anything as proof. Quote may also be used as a verb and a noun. To quote something or someone means to repeat exactly what they said or to recite exactly what is written in a book.

Learn more about electronic communication:
brainly.com/question/20731943
#SPJ1

Full Question:

For each of the following, indicate whether you would quote from the original e-mail in your response. (Select all that apply)

A) To make changes to a distributed meeting agenda

B) To suggest changes to the new proposed office budget

C) To confirm your participation on a new project

D) To start a new discussion about getting extra resources for a project

7 0
2 years ago
The New York Times (Nov. 30, 1993) reported that "the inability of OPEC to agree last week to cut production has sent the oil ma
slega [8]

Answer: The correct answer is a. true.

Explanation: If there is a supply glut and demand is falling, there will definitely be a fall in price. The same principle applies if Organization of Petroleum Exporting Countries (OPEC) disagree to cut production, price for domestic crude oil would fall.

The scenario above is similar to the recent happenings regarding the impacts of coronavirus on global economy and is very fresh in our memories. According to the TheNation Newspapers, "oil prices tanked more than seven per cent at the weekend to their lowest levels since mid-2017 after Russia balked at OPEC's proposed steep production cuts to stabilize prices."

OPEC is proposing a cut in oil production, but if this is not done, the impact on Brent would be devastating as the price would fall further.

6 0
3 years ago
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