Answer:
The correct answer is letter "D": interfere with the rationing function of prices.
Explanation:
While talking about price floors and price ceiling, <em>the rationing function of prices</em> refers to the fact that both governmental measures are imposed to protect sellers and buyers from unfair practices driven by supply and demand. Thus, price floors protect producers from prices that could go below their production costs and price ceilings protect buyers from prices that could be set above their income.
The rationing function of prices can be also understood as the measures taken to discourage demand to keep resources to use them over a determined period.
Answer:
Chunking
Explanation:
If one wants to increase the capacity of short-term memory, more items can be held through the process of Chunking. This term refers to grouping many pieces of similar information into a larger piece of information. Allowing you to just need to remember the larger units, which would give you access to the smaller components that are related to it. Thus increasing your short-term memory capacity.
Answer:
D. money that is authorized by a central bank and that does not have to be exchanged for gold or some other commodity money
Explanation:
By definition, fiat money is a physical money that is made a legal tender by the government or other authoritative figure.
It is not backed by any physical commodity like silver or gold but only by the government that distributed it . Additionally, if inflation occurs in a country that uses fiat money as a legal tender, the owners will go at a huge loss since it cannot be redeemed and in worst case scenario such as hyperinflation, it will be worthless.
Answer:
the probability that it was started by a man is 69%
Explanation:
65% companies were started by men
24% of 65% had revenues above $100,000
24% x 65% = 15.6% of the total number of companies started last year had revenues of more than $100,000 and were started by men.
35% companies were started by women
20% of 35% had revenue above $100,000
20% x 35% = 7% of the total number of companies started last year had revenues of more than 100% and were started by women.
total percentage of companies that had revenues above $100,000 = 7% + 15.6% = 22.6%
15.6/22.6 = 69% started by men
7/22.6 = 31% started by women
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Special one-time order for 15,000 bird feeders at $3 per unit.
Variable cost= $2.25
<u>Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.</u>
Effect on income= 15,000*(3 - 2.25)= $11,250 increase.
