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
Cloud [144]
3 years ago
14

A price ceiling A. is an illegal price. B. is the maximum price that can legally be charged. C. is the price that exists in a bl

ack market. D. Both answers A and B are correct. E. Both answers B and C are correct.
Business
1 answer:
Inessa05 [86]3 years ago
6 0

Answer:

The correct answer is the option B: is the maximun price that can legally be charged.

Explanation:

To begin with, the concept known as<em> "price ceiling"</em> in the economics field refers to the practice that the government uses in order to establish a maximun price that is the one that can be legally charged to the consumers regarding certain products. This policy comprehends an instrument for the government that it uses it with the purpose to guarantee particular products or services that might be essential to the society so therefore the people can buy it.

You might be interested in
A student finds data on an internet site that contains financial information about selected companies. he plans to analyze the d
garri49 [273]

The kind of data source is not known. Results may be invalid because some internet websites don’t upgrade their formats to the latest one. A lot of important details may also be missing from internet sites since some of their formats are incorrect while their data cannot be used as resource in some statistic software.

6 0
3 years ago
Once a business owner proves that a franchise is successful, his or her franchise will automatically be renewed True or False?
Usimov [2.4K]
The answer is False:)
5 0
3 years ago
Read 2 more answers
Tache Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding D
leonid [27]

Answer: c. $1.994

Explanation:

Cost per Equivalent Unit of Production (EUP) for Conversion = Total Conversion costs/ EUP

Total Conversion cost

= Conversion cost for beginning work in process inventory + Conversion cost incurred in the month

= 7,840 + 203,300

= $211,140

EUP = Units completed + Percentage of ending Units completed with regards to conversion

= 92,900 + (90% * 14,450)

= 105,905 units

Cost per Equivalent Unit of Production (EUP) for Conversion = 211,140 / 105,905

= $1.9936

= $1.994

8 0
3 years ago
To determine the six-month interest payment amount on a bond, you would take one-half of the market rate times the face value of
MrRa [10]

Answer:

False

Explanation:

To determine the six month interest payment on a bond, you must multiply the face value of the bond times half the annual contract rate of the bond. The contract rate of the bond is the interest rate used to calculate the bond's coupon.

The market rate of the bond may or may not be equal to the contract rate. If the bond was sold at a premium, the market rate is lower than the contract rate. If the bond is sold at a discount, the market rate will be higher than the contract rate.

3 0
3 years ago
Suppose that the price of a rental car (Prc) is $50 while the price of a flight (Pfl) is $85. Also, suppose that the marginal ut
Masteriza [31]

Answer:

Consumers should choose to take the flight.

Explanation:

The price of a rental car = $50

Marginal utility from the car = 20 utils

Now find the per dollar utility from car = $50 / 20 = 2.5

The price of a flight = $85

Marginal utility from the flight = 30 utils

Now find the per dollar utility from flight = $85 / 30 = 2.83

Since the per dollar, MU is greater in the case of flight so consumers should choose to take the flight.

6 0
3 years ago
Other questions:
  • Your firm needs a machine which costs $240,000, and requires $39,000 in maintenance for each year of its 7 year life. After 3 ye
    11·1 answer
  • The application of marketing strategies and practices not for profit but rather to change or create behaviors that have a benefi
    8·1 answer
  • Identify and discuss from your findings any three areas which may lead to failure for Toyota south Africa
    5·1 answer
  • Usually arise when companies give work groups complete autonomy and responsibility for task completion. continue
    5·1 answer
  • Cash Now Industries just hired 500 new workers to build ATMs and self-service check-out systems at its manufacturing plant in Te
    8·1 answer
  • If Congress increased the tax rate on interest income, investment a. and saving would increase. b. would increase and saving wou
    13·1 answer
  • What are three factors that affect the cost of homeowner’s insurance?
    15·1 answer
  • • Aiden and Sophia are married and they have always filed Married Filing Jointly.
    14·1 answer
  • A moment of truth occurs when employees and ________ have contact. Group of answer choices Skill Customer Product Place
    7·1 answer
  • A typical ____________________________ fiscal policy allows government to decrease the level of aggregate demand, through increa
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!