A likely result will be a decrease in the quality of a product.
The fee ceiling is a state of affairs while the price charged is greater than or less than the equilibrium fee decided with the aid of market forces of demand and deliver. It's been found that higher price ceilings are useless. price ceiling has been discovered to be of extraordinary importance within the residence rent marketplace.
A price ceiling is a legal maximum rate that one will pay for some good or carrier. A government imposes rate ceilings as a good way to preserve the price of some necessary precise or services low-cost. as an example, in 2005 at some stage after Hurricane Katrina, the price of bottled water expanded above $five according to the gallon.
A rate ceiling continues a fee from growing above a sure level (the “ceiling”), even as a fee ground continues a rate from falling underneath a given degree (the “ground”). This phase uses the call for and delivers a framework to research price ceilings. the following section discusses rate flooring.
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Answer:
Option (B) is correct.
Explanation:
The utility maximization point for a consumer is as follows:
![\frac{MU_x}{P_x}=\frac{MU_y}{P_y}](https://tex.z-dn.net/?f=%5Cfrac%7BMU_x%7D%7BP_x%7D%3D%5Cfrac%7BMU_y%7D%7BP_y%7D)
It is given that,
price of Pepsi(x) = $1 per can
price of a hamburger(y) = $2
Marginal utility from Pepsi = 4
Marginal utility from hamburgers = 6
Hence,
![\frac{4}{1}>\frac{6}{2}](https://tex.z-dn.net/?f=%5Cfrac%7B4%7D%7B1%7D%3E%5Cfrac%7B6%7D%7B2%7D)
4 > 3
Therefore, it can be seen that the consumer's utility is not maximized at this point.
Law of diminishing marginal utility states that as the consumer consumes more and more quantity of goods then as a result the utility obtained from the consumption goes on diminishing.
So, there is a need to increase the quantity of Pepsi consumed and reducing the quantity of hamburgers consumed.
Answer: Changing an item's lot size does not directly affect the average level of the pipeline inventory.
A good way to use a cover letter to start a two-way conversation with a potential employer is:
- Demonstrate excitement for the business.
- Accentuate a shared link.
- Start with a noteworthy accomplishment.
- Bring up a noteworthy topic.
- Show enthusiasm for what you do.
- Tell a unique tale.
- Start with a statement of belief.
<h3>
What is a cover letter?</h3>
- A letter of introduction that is connected to or is included with another document, such as a resume or curriculum vitae, is known as a cover letter, cover letter, inspiration letter, motivating letter, or letter of motivation.
- You should address two primary points in your cover letter: why you are the ideal candidate for the position, and why you are enthusiastic about working for the organization.
- Your cover letter should primarily consist of factual information without any filler or stereotypes.
A good way to use a cover letter to start a two-way conversation with a potential employee:
- Demonstrate excitement for the business.
- Accentuate a shared link.
- Start with a noteworthy accomplishment.
- Bring up a noteworthy topic.
- Show enthusiasm for what you do.
- Tell a unique tale.
- Start with a statement of belief.
Therefore, a good way to use a cover letter to start a two-way conversation with a potential employer is:
- Demonstrate excitement for the business.
- Accentuate a shared link.
- Start with a noteworthy accomplishment.
- Bring up a noteworthy topic.
- Show enthusiasm for what you do.
- Tell a unique tale.
- Start with a statement of belief.
Know more about a cover letter here:
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Answer:
inter-organizational system
Explanation:
An inter-organizational system refers to the network amongst organizations, or "sharing communications system between such a number of companies." The most common method of inter-organizational systems is electronic communications exchange, which allows for the immediate desktop-to-computer transmission of information.
The inter-organizational rules allow knowledge exchange to be streamlined between companies in terms of achieving a planned supply-chain management structure that allows profitable businesses to evolve. It facilitates customer needs planning and products and services distribution.