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gtnhenbr [62]
3 years ago
9

If a price ceiling is not binding, thena. the equilibrium price is above the price ceiling.b. the equilibrium price is below the

price ceiling.c. it has no legal enforcement mechanism.d. None of the above is correct because all price ceilings must be binding.
Business
1 answer:
IgorLugansk [536]3 years ago
5 0
B. The equilibrium price is below the price ceiling.
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Place the components of the M2 money supply in order, from smallest to largest
dimulka [17.4K]

Answer:

Small time deposits, money market mutual funds, currency, checkable deposits, savings deposits.

Explanation:

8 0
3 years ago
Suppose that smoking creates a negative externality. If the government imposes a per-cigarette tax equal to the per-cigarette ex
lapo4ka [179]

The after-tax equilibrium quantity of cigarettes smoked will equal the socially optimal quantity of cigarettes smoked. The correct option is C.

<h3>What is the externality of smoking?</h3>

The externalities of smoking refers to the costs imposed by smoking on people other than smokers themselves, in particular through the health effects of passive smoking and the effects of smoking on health care costs and productivity.

Therefore, The after-tax equilibrium quantity of cigarettes smoked will equal the socially optimal quantity of cigarettes smoked. The correct option is C.

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4 0
2 years ago
Job cost sheets can be used to: (Check all that apply.) Multiple select question. provide a permanent record for the Cost of Goo
Luda [366]

Answer: • provide a permanent record for the cost of goods sold account

• monitor costs incurred to date and to predict and control costs for each job.

• provide a subsidiary ledger for the finished goods inventory account.

Explanation:

Job cost sheet refers to the document that is used for the recording of the manufacturing costs and it is used as a subsidiary ledger for the work in process account due to the fact that it contains every details about the job in process.

From the options given, the job cost sheets can be used to:

• provide a permanent record for the cost of goods sold account

• monitor costs incurred to date and to predict and control costs for each job.

• provide a subsidiary ledger for the finished goods inventory account.

6 0
2 years ago
90 + 150 is what <br>a 140<br>b 240<br>c 350<br>d150​
My name is Ann [436]

Answer:

B 240

Explanation:

6 0
3 years ago
Read 2 more answers
Suppose that production for good X is characterized by the following production function, Q = K0.5L0.5, where K is the fixed inp
Ad libitum [116K]

Answer:

B). $12

Explanation:

As per the given data, the AFC(Average Fixed Cost) for employing 25 factors of labor and 16 factors of capital would be $12.

We are given the production function,

Q = K^{0.5} L^{0.5}

where,

K = allotted input in short-term

Rental rate of each unit/factor(r) = $15

Wage per factor(w) = $5

As we know, the two inputs are labor, as well as, capital;

To find AFC, we need TC;

so,

TC = (Fixed cost + Variable cost)

TC = (240(15 * 16) + 125(25 * 5) = 365

Thus,

AFC = $ 12

8 0
2 years ago
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