All categories

2 years ago

Price controls that put a price ceiling on goods and services create __________.

Business

2 answers:

Dafna11 [192]2 years ago

8 0

Answer:

Rent control

Explanation:

KonstantinChe [14]2 years ago

3 0

The answer to this question is Shortages.
Price control put a limit on how high the price could be put by the sellers toward a certain product.
This limitation often make produces feel discouraged in selling those products because of the lower profit which make the market experience a shortage in that products

You might be interested in

List three professionals other than lawyers that can handle some legal matters for you.

frosja888 [35]

Answer:

this is the answer

Explanation:

legal recruiter
court messenger
contract administrator

7 0

2 years ago

Define the term hidden job market. then list three strategies

Darya [45]

The term Hidden Job Market refers to the jobs that are not posted online or published or advertised in newspapers or elsewhere. The chances of getting jobs through hidden job markets is more than through regular channels. In this case, the employers do not like to disclose the job details and choose to hire internally.

Three strategies to seek jobs in a Hidden Job Market are as follows:
1. Change your resume according to the needs of a job by doing extensive research about the industry where applying.
2. Try to follow the news related to that industry online on social media and attend job seminars organized by companies.
3. Try to keep in contact with your references and update them regarding any skills that you learned or developed in recent months.

3 0

3 years ago

Question 9 of 20

Alina [70]

Answer:

Explanation:

Because you still have to pay the same amount of taxes.

4 0

3 years ago

A manufacturer has modeled its yearly production function P (the monetary value of its entire production in millions of dollars)

Vinvika [58]

Answer: P(120,30)= $1,218,365.5

So when the manufacturer invests $30 million in capital and 120,000 hours in labour yearly, the monetary value of production is about $1.2 million.

Explanation:

The Cobb-Douglas production function expresses the technological relationship between two inputs (labour and capital).

Since

P(L,K)=1.47L^0.65 K^0.35 (equation 1)

we simply substitute L=120,000 and K=30,000,000 into equation 1.

Thus, P(120,30)= 1.47(120,000)^0.65 (30,000,000)^0.35

<em>(Recall that L is in thousand of hours and K is in millions of dollars).</em>

P(120, 30)= 1.47(2002.02)(413.99)

Thus, P(120,30)= 1218365.475

P(120,30)= $1,218,365.5

P(120, 30)= $1.2 million

So when the manufacturer invests $30 million in capital and 120,000 hours in labour yearly, the monetary value of production is about $1.2 million

7 0

2 years ago

Big John’s manufacturing currently produces its lead product on a machine that has a variable cost of 0.32 per unit and a fixed

Greeley [361]

Answer:

The indifference point is 1,875,000 units.

Because the current machine has lower fixed costs, it has a lower cost from 0 units to 1,874,999. From 1,875,001 the new machine is more convenient,

Explanation:

Giving the following information:

Current machine:

Total cost= 75,000 + 0.32x

New machine:

Total cost= 150,000 + 0.28x

<u>To find the indifference point, we need to equal the cost functions and isolate x (number of units)</u>

75,000 + 0.32x = 150,000 + 0.28x

0.04x= 75,000

x= 1,875,000

The indifference point is 1,875,000 units.

Because the current machine has lower fixed costs, it has a lower cost from 0 units to 1,874,999. From 1,875,001 the new machine is more convenient.

6 0

3 years ago