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vaieri [72.5K]
3 years ago
14

Price controls will tend to cause misallocation of resources because

Business
1 answer:
loris [4]3 years ago
4 0

Price controls will tend to cause mis-allocation of resources because the cost of production (or opportunity) does not match market prices any more.

<u>Explanation:</u>

Price controls can be as high and low prices as possible. You can control demand and balance the market whether above or below it:  

  • Higher prices may reduce food costs and make it easy to buy, but the downside of high prices can lead to a decline in supply and a shortage.
  • The recipients of prices may increase the minimum prices..
  • In farming, they were used to increase farmers' incomes. Minimum prices however lead to surplus supplies, which mean the government must buy surpluses.

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Functional headings should be used by Nora. Thus, option B is correct.

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

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On my assignment, got it correct.

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3 years ago
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Answer:

Instructions are below.

Explanation:

Giving the following information:

Activity Allocation Rate Mid–Fi Hi–Fi

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<u>First, we need to allocate indirect costs using the following formula:</u>

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<u>Mid-Fi:</u>

Allocated MOH= 1,700*39 + 400*45 + 10*1,900= $103,300

<u>Hi-Fi:</u>

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<u>Now, we can calculate the unitary cost.</u>

<u />

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