Answer: Price ceilings are beneficial to society, and are often necessary, in that they make sure that essential goods are financially accessible to the average person, at least in the short run. By lowering costs, price ceilings also have the beneficial effect of helping to stimulate demand, which can contribute to the health of an economy.
However, there can also be downsides to price ceilings. While they stimulate demand, price ceilings can also cause shortages. Where the ceiling is set, there is more demand than at the equilibrium price. This means that the amount of the good or service supplied is less than the quantity demanded.
For example: in agriculture, medicine, and education, many governments set maximum prices to make the needed goods or services more affordable. Producers may respond to such an economic situation by rationing supplies, decreasing production levels or lowering the quality of production, making the consumer pay extra for otherwise free elements of the good (features, options, etc.), and more.
Request: Can I please get brainliest
Answer: E) Both answers B and D are correct.
Explanation:
Inflation using the Consumer Price Index is calculated by;
= (CPI in current year - CPI in previous year) / CPI in previous year
Year 2 Inflation = (100 - 90) / 90
= 11%
Year 3 Inflation = (110 - 100) / 100
= 10%
Answer:
The task environment
Explanation:
Task environment is an organizational external environment that influences the ability to meet corporate goals. Any client or customer directly associated with a product may be part of the task environment. Examples of the task environment are rivals, customer, manufacturer and job supply industries.
Answer:
E. Effective supply chain management
Explanation:
Effective supply chain management enables companies to improve product flow through accurate demand and sales forecasting and also improve inventory management to arrest the bullwhip effect and avoid underproduction. Effective supply chain management improves collaboration, quality control, efficiency rate, ability to keep up with demand, risk mitigation, cash flow and reduces oi overhead costs. Greenbelt is engaged in effective supply chain management.
Answer:
$464,968.53
Explanation:
Calculation to determine how large must the lump sum be to leave him as well off financially as with the annuity
Using Financial calculator to find the PRESENT VALUE (PV)
N 15 years
I/YR 7.5%
PMT $49,000 per year
FV $0
Hence;
PV= $464,968.53
Therefore how large must the lump sum be to leave him as well off financially as with the annuity is $464,968.53