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
masha68 [24]
3 years ago
9

A price floor is Group of answer choices often imposed when sellers of a good are successful in their attempts to convince the g

overnment that the market outcome is unfair without a price floor. a source of inefficiency in a market. a legal minimum on the price at which a good can be sold. All of the above are correct.
Business
1 answer:
Natasha2012 [34]3 years ago
4 0

Answer: a legal minimum on the price at which a good can be sold.

Explanation:

A price floor is the lowest price the government approves for a product sales, in other words the product cannot be sold below the price floor. The price floor is set to protect the sellers from running at a loss in case the market price of a product is less than the expenses made in producing/buying that product.

You might be interested in
The process specifications are 12.45 and 13.45 minutes. Based on the data given, does it appear that specifications are being me
natima [27]

Answer:

a. Yes

Based on the data given, it appears that specifications are being met.

Explanation:

a) Data and Calculations:

         Sample 1    Sample 2    Sample 3    Sample 4  Sample 5        Average

                 12.5         13.4              13.0            13.2         12.9        65       13.00

                 12.7         13.2              13.6            12.7         13.5        65.7     13.14

                 12.9         13.0              13.3            13.3         13.2        65.7     13.14

                 13.2         13.1               13.4            12.7         13.2        65.6     13.12

Totals       51.4       52.7              53.2            51.9        52.7      261.9     52.4

Average 12.85      13.17               13.3            12.97      13.17                     13.1

b) Using the law of averages, the process specifications of 12.45 and 13.35 minutes were not exceeded under any sample type.  Therefore, it can be concluded that the process specifications are being met.

6 0
3 years ago
In​ 2015, the Washington Nationals baseball team signed pitcher Max Scherzer to a contract to play for them for seven years. He
Salsk061 [2.6K]

Answer: D. The actual value of the contract is less than $30 million for each year he plays.

Explanation:

Given that Mark sherzer will be paid $15 million per year for 14 years reflects a contract whose value at the time of signing is ($15 million × 14) = $210 million. However, the payment would not be paid at the of signing but spread over a period of 14 years with $15 million being splashed out annually. However, considering the time value of money, whereby the present value of a fixed amount decreases with time. Hence in actual sense, the $210 million face worth of the contract will actually be less than $30 million [$210/7(playing years)] as time progresses on the fixed amount paid yearly due to reduction in the value of the present value as time progresses.

7 0
3 years ago
Goods costing rs 10000 was sold at loss rs 2000<br> make journal entry​
Grace [21]

Answer:gongi

Explanation:gong

7 0
3 years ago
As a result of developments in the workplace,
vagabundo [1.1K]
I feel that D would be the correct answer because of new technology
8 0
3 years ago
Insurance offers consumers
DerKrebs [107]

Explanation:

insurances customers don't have a complicated need they want to be able to choose from a good selection of policies at a responsible prices they want clear transparent information and their wants more than hassle-free interactions

hope it helps u

3 0
3 years ago
Read 2 more answers
Other questions:
  • equirement 1. Post the journal entries to the​ T-accounts. Use the dates as posting references in the​ T-accounts. We will post
    8·1 answer
  • Cowboy, Inc., an American corporation that produces cowboy hats contract with a manufacturing plant in France, Beret, Inc. The c
    9·1 answer
  • On October 31, 2021, Damon Company’s general ledger shows a checking account balance of $8,400. The company’s cash receipts for
    10·1 answer
  • Given the following information regarding an income producing property, determine the internal rate of return (IRR) using levere
    9·1 answer
  • Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar b
    7·1 answer
  • EB11.
    8·1 answer
  • You invest in a mutual fund that charges a 3% front-end load, 2% total annual fees, and a 3% back-end load, which decreases .5%
    9·1 answer
  • The FI Corporation’s dividends per share are expected to grow indefinitely by 5% per year. a. If this year’s year-end dividend i
    7·1 answer
  • Job analysis is important to HR managers because the information gathered in job analysis is used in so many HR activities/funct
    10·1 answer
  • Why might a business person purchase a fidelity bond?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!