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
choli [55]
3 years ago
14

f the government put a price floor of $ 11.75 $11.75 on both of the markets, which market would have a greater surplus or shorta

ge? They would have the same size shortage. The market for cat food would have a bigger surplus. They would have the same size surplus. The market for cat food would have a bigger shortage. The market for snake oil would have a bigger surplus. There is not enough information to answer the question. The market for snake oil would have a bigger shortage.
Business
1 answer:
Veronika [31]3 years ago
8 0
<h3>Answer:</h3>

<u>There is not enough information to answer the question</u>

<u>Explanation:</u>

Indeed there isn't enough information to answer this question since it doesn't state details such as;

  1. The initial quantity of supply,
  2. The initial price of price products

This information are necessary to determine how price floor laws imposed by governments affect the market of commodities.

You might be interested in
The up and coming corporation's common stock has a beta of 1.05. if the risk-free rate is 5.3 percent and the expected return on
Ugo [173]

Cost of equity is calculated as -

Cost of equity = Risk free return + Beta * (Market risk - Risk free return)

Given,

Risk free return = 5.3 %

Market risk = 12 %

Beta = 1.05

Cost of equity = 5.3 % + (1.05*(12-5.3%))

Cost of equity = 12.335 % or 12.24 %

6 0
3 years ago
Let's assume that a firm produces 40 products. Its total weekly cost (TC) at this output is $1200. This includes TVC and TFC. We
ikadub [295]

Answer:

$15

Explanation:

The computation of the average fixed cost is shown below:

As we know that

Average fixed cost is

= Total fixed cost ÷ Quantity

where,

Total fixed cost is

= Total cost - total variable cost

= $1,200 - $200 × 3

= $1,200 - $600

= $600

And the quantity is 40 products

So, the average fixed cost is

= $600 ÷ 40

= $15

3 0
3 years ago
During 2018, its first year of operations, Pave Construction provides services on account of $154,000. By the end of 2018, cash
seraphim [82]

Answer:

Bad debts expenses                                        Debit                $ 11,750

Allowance for uncollectible receivables        Credit                                $ 11,750

Explanation:

The allowance for uncollectible accounts receivables balances are calculated as a percentage of the receivable balance.

The receivable balances as at December 31, 2018 is

Services provided on account                          $  154,000

Cash collections received                                 <u>$  107,000</u>

Receivables from services uncollected           <u>$    47,000</u>

Estimated percentage considered uncollectible     25 %

Allowance for uncollectible accounts   $ 47,000 * 25 % = $ 11,750

6 0
2 years ago
A company decides on the worth of a product, keeping in mind the disposable income of customers
Artist 52 [7]

Household net disposable income is calculated by taking the sum of household income, wages, and other earned money and subtracting all income taxes paid. To break this down, you will add up your household wages, salaries, any other income, net property income (if applicable), and any net transfers in kind (net amount).
3 0
2 years ago
Select the correct answer.
Elanso [62]

Answer:

OA

Explanation:

kalasksksksksjdjdkdjdjdjkdjfnfnfgmgmg

4 0
3 years ago
Read 2 more answers
Other questions:
  • Discuss the reasons due to which cash book and passbook balances may not match. Is there a method to address the issues related
    12·1 answer
  • A company's Inventory balance at the end of the year was $204,200 and $218,000 at at the beginning of the year. Its Accounts Pay
    13·1 answer
  • Which of the following should you do during an interview?
    9·2 answers
  • The primary advantages of the average rate of return method are its ease of computation and the fact that a.rankings of proposal
    10·1 answer
  • Flint Company’s unadjusted trial balance at December 31, 2020, included the following accounts. Debit Credit Accounts receivable
    11·1 answer
  • A company purchased factory equipment for $590,000. It is estimated that the equipment will have a $59,000 salvage value at the
    12·1 answer
  • When a company tries to get consumers curious about a product so they will want to gather more information about it, which step
    10·1 answer
  • Jose and Zola want to purchase their first home. Jose makes $23.50 an hour and works 40 hours per week. Zola makes $21.50 an hou
    10·1 answer
  • Which of the following is an example of an adjusting entry
    11·1 answer
  • Should High School make it mandatory for all students to wear school uniforms each day to school?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!