If the government imposes a price ceiling of $4. The quantity purchased by consumers in this market would decline from 4 to 2.
A price ceiling is a situation in which the calculated price is above or below the equilibrium price determined by the market forces of supply and demand. Higher price caps have been shown to be ineffective. It turns out that price caps are very important in the residential rental market.
A price ceiling is the legal maximum price you can pay for goods or services. Governments set price caps to keep the prices of essential goods and services affordable. For example, when Hurricane Katrina hit in 2005, the price of bottled water exceeded $5 a gallon.
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Answer:
D. $ 16 comma 862.50 unfavorable
Explanation:
The computation of the direct labor efficiency variance is shown below:
Direct labor efficiency variance is
= Standard rate × (Actual hours - standard hours)
= $9.50 × (3,000 direct labor hours - 4,900 units × 0.25 hours)
= $9.50 × (3,000 direct labor hours - 1,225 direct labor hours)
= $16,862.50 unfavorable
As actual hours is more than the standard hours which reflects the unfavorable variance and if actual hours is less than the standard hours then it would leads to favorable variance
Answer:FALSE
Explanation:Sydney can not sell them to another person as he does not have the legal authority to sell copies of the book.
Copyright laws prohibits persons or Organisations who are not the rightful owner of the publishing or marketing of Art works,in certain societies trade marks are given to certain Organisation or agents. Violating this right might lead to legal prosecution either by the Government or the owner of the right.
Answer:
NAICS Codes
Explanation:
One way to segment markets for business customers is by industry type. This approach is attractive because of NAICS codes which makes it cost effective to measure the number of potential customers in an industry. NAICS codes are the North American Industry Classification System which is mostly used to collect the most authentic data on the businesses in the US. It helps B2B organisations to attain the data quite easily which they can use further in order to locate their potential business consumers. This saves both their time and effort.
Answer: Price and Quality (a. and c.)
Explanation:
Price. This was one of the best choices. The price of the raw materials has a significant impact on the price Umami can charge for its seaweed snacks; therefore, price must be controlled.
Quality. This was one of the best choices. Umami is known for its high-quality snacks, and therefore located a high-quality supplier to manufacture high-quality products.