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4 years ago

A rent ceiling set below the equilibrium rent

1 answer:

4 0

A rent ceiling set below the equilibrium rent creates a situation in which the quantity demanded of housing is greater than quantity supplied.

<u>Option: C</u>

<u>Explanation:</u>

Rent limit is the highest price a property owner can demand for rent. Rent ceilings are typically fixed by legislation and limit how high the rent can be in a given area. Although, the amount of affordable housing is also reduced as a consequence of this rule, as tenants are not interested in renting out their properties at a cheap price.

Nevertheless, if the limit is placed underneath the level of equilibrium then a reduction of deadweight is produced. Many issues come in the form of illegal markets, scanning time and charges that aren't leased precisely like key money i.e. high initial cost for new keys.

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500.34 In fiscal year 2017, Wal-Mart Stores (WMT) had revenue of $ 500.34 billion, gross profit of $ 126.95 billion, and ne

maria [59]

Answer:

a. 25.37% and 13.28%

b. 1.97% and 2.07%

c. Costco

Explanation:

a. The gross margins for Walmart and Costco is shown below:

Gross margin = (Gross profit ÷ revenue) × 100

For Walmart,

= ($126.95 ÷ $500.34) × 100

= 25.37%

For Costco,

= ($17.14 ÷ $129) × 100

= 13.28%

b. The net margins for Walmart and Costco is shown below:

Gross margin = (Net profit ÷ revenue) × 100

For Walmart,

= ($9.86 ÷ $500.34) × 100

= 1.97%

For Costco,

= ($2.68 ÷ $129) × 100

= 2.07%

c. According to the net profit, the Costco has more profitable in 2017

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4 years ago

If the supply of a product increases, thena. more will be purchased at the same priceb. the price of the product must have decli

enyata [817]

Answer: The price of the product must have declined.

Explanation: If the supply for a product increases the supply curve shifts down to the right. With demand for the product unchanged, this will lead to a decline in the price of the product and an increase in quantity.

As can be seen in the figure, Supply curve shifts from S0 to S1, and price falls from P0 to P1.

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3 years ago

How could competition policy undo the wrongs of the past and make south Africa a better place

Gekata [30.6K]

Answer:

To achieve its purpose, the Commission's core functions are the following: implement measures to increase market transparency; implement measures to develop public awareness of the provisions of the Act; investigate and evaluate alleged anti-competitive conduct; conduct formal inquiry in respect of the general state of ...

Explanation:

It is a structure which regulates the markets and monopolies in the country. It generally aims in preventing monopoly growth. It benefited by balancing the act of economic transformation that will benefit all South Africans through ownership, the participation of small and medium enterprises and employment.

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3 years ago

A(n) _____ system is a computer-based information system that produces standardized reports in summarized structured form to sup

liraira [26]

Answer:

The management information system(MIS)

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2 years ago

Enrico is having trouble telling the difference between the sound of a tuba and the sound of a piccolo. Even though a piccolo pr

Serggg [28]

Answer:

Pitch

Explanation:

Enrico has trouble differentiating between a tuba's sound and a piccolo's sound. Although a piccolo generates sound waves that are much briefer, quicker than a tuba, he has trouble tracking the variations in the pitch of such sounds.

For music, a note's pitch indicates the note's high or low. It is measured for physics in a Hertz unit. A note that vibrates at 261 Hz is induced by pulsing sound waves at 261 times per second.

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3 years ago