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stiv31 [10]
3 years ago
7

Suppose a new​ off-campus university apartment complex could rent its rooms on the open market for​ $900 a month. ​If, instead,

the university chooses to cap the price of rooms to​ $500 a month for​ students, the result would be that
Business
1 answer:
asambeis [7]3 years ago
3 0

Answer:

a shortage would arise since quantity demanded would exceed the quantity supplied

Explanation:

The law of demand states an inverse relationship between price of a good and it's demand.

In the given case, per month rental for rooms has significantly reduced for students. This would result into an immediate increase in demand for the rooms. Now since, the rooms available are limited in number, a shortage would arise.

Owing to such a shortage, a possibility would arise wherein students who do not require such rooms may avail such rooms at $500 and subsequently let out the rooms to outsiders at anything below $900 thereby earning a profit.

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The following is national income account data for a hypothetical economy in billions of dollars: gross private domestic investme
Elena L [17]

Answer:

The answer is $3,237billions

Explanation:

Gross Domestic Product is the market value of all final goods and services produced within a country during a given period of time usually a year.

The formula is:

G + I + C + (X-M)

where G is government expenditure or purchases

I is private domestic investment

C is personal consumption expenditure

X is export

M is imports.

Therefore, GDP is

$470 + $320 + $2,460 + ($22-$35)

$3,250 - $13

$3,237billions.

6 0
3 years ago
Burns Industries currently manufactures and sells 18,000 power saws per month, although it has the capacity to produce 33,000 un
trasher [3.6K]

Answer:

Burns Industries

Using an incremental analysis approach, Burns should consider accepting this special order only if the price per unit offered by Allen is at least:

above $38 (the variable cost per unit).

Explanation:

a) Data and Calculations:

Monthly production and sales units = 18,000

Production capacity per month = 33,000 units

Costs at the 18,000-unit-per-month level of production:

Variable costs = $38

Fixed costs =        23

Total per unit =  $61

Selling price per unit = $78

Special offer for 4,800 saws per month, without changing the fixed manufacturing costs.

b) Incremental analysis approach is a management decision technique that specifies that only relevant, marginal, or differential costs should be taken into account.  It rules out the inclusion of sunk or fixed costs, which do not change between alternatives.

3 0
3 years ago
A customer invests $100,000 in a real estate limited partnership. In the first year of operations, the investor is allocated $20
nata0808 [166]

Answer:

-$130,000

Explanation:

The computation of the net loss deducted from his return is shown below:

= Income - interest deductions - operating expenses - depreciation expenses

= $20,000 - $80,000 - $45,000 - $25,000

= $20,000 - $150,000

= -$130,000

Since the value comes in negative which reflects the net loss for the year

We simply deduct the revenues from the expenses so that the net income or net loss could come

3 0
3 years ago
Skills that can be used in any occupation are ___________ skill. (soft or hard)​
mojhsa [17]

Answer: The answer is hard skills. Hope this helps :)

Explanation:

In most jobs being teachable is better and not all occuaptions include communication & human services.

8 0
3 years ago
Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the matur
laiz [17]
Is this a real question just curious
4 0
3 years ago
Read 2 more answers
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