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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.

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The owner of Shady Grove Company has the bookkeeper write company checks to pay for his personal items. This violates __________
Rainbow [258]

Answer:

The separate-entity assumption

Explanation:

The separate-entity assumption is a principal in accounting according to which the financial transactions of a business and the personal expenses of the owners is to kept separate from each other. The expenses derived solely for the business is only to be counted under the expenses of the company. Inclusion of any personal expenses of the owner or any partner of the business is prohibited under this principal.  

In the given excerpt, the owner of Shady Grove Company had violated the separate-entity assumption by including the expenses of his personal items under the name of the Company.

7 0
3 years ago
If the capital stock is fixed and something happens to raise the marginal product of capital (MPK) for any given quantity of cap
nadezda [96]

Answer:

D. rise

Explanation:

D. As per the study, marginal product theory suggests that, as the marginal product of capital (MPK) increases even if the capital stock is fixed or unchanged, the real rental will also be changed the same way i.e.  it will rise in this given scenario.

5 0
3 years ago
A depreciable asset has an estimated 15 percent salvage value. At the end of its estimated useful life, the accumulated deprecia
8090 [49]

Answer:

B

Explanation:

Depreciation is the uniform decrease in the value of an asset over a period until the salvage value is reached.

It is given by :

Annual depreciation expense = (cost of asset - salvage)÷ useful life of the asset

Therefore the accumulated depreciation would not equal the original cost of the asset at the end of its estimated useful life because the salvage value will be deducted from cost of asset under declining-Balance.

7 0
3 years ago
During the process of succession, A. only consumers can enter a developing ecosystem. B. producers typically enter a developing
Karolina [17]

Answer: B. producers typically enter a developing ecosystem before consumers.

Explanation: Succession can be described as the series of predictable changes that occur in a community over time.

During the process of Succession,producers typically enter a developing ecosystem before consumers.

Consumers need producers, this is because producers create food for themselves and also provide energy for the rest of the ecosystem.

6 0
3 years ago
A market economy is regulated between two things?
sleet_krkn [62]
Producers and Consumers
4 0
3 years ago
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