Answer:
A. parents have a more difficult time finding day care providers for their children.
Explanation:
A price ceiling is usually set by the government or an agency of the government and it usually places a maximum amount on the prices that can be charged for a good or service.
When a price ceiling is set below equilibrium price, it usually discourages producers or suppliers who respond by reducing the quantity supplied.
Therefore, if a price ceiling is placed on day care, a lot of day care centres would close which would make it difficult for parents to find centres for their kids. Since a price ceiling is binding, prices would not increase.
I hope my answer helps you.
All the best
Answer:
C. The price of a hamburger was $3.80 rather than $5.50 in 2010, with other prices in the table remaining fixed.
Explanation:
The given table shows the inflation rates and price movement over the years. The hamburger had inflation effect and its price increased by almost $1. The price change will create burden on the consumer and they will have to pay for inflation differential.
Answer: 10% or $2,000,000
Explanation:
Seeing as no figures were produced, we will have to do this ourselves.
We will make assumptions which include the following,
Life of the equipment = 10 Years
Salvage value = 0
Those are our 2 assumptions.
In that case then,
The Annual Depreciation will be,
Depreciation = (Cost of equipment - Estimated salvage value) / Estimated useful life
= (20 - 0) / 10
= $2 million
Seeing as 2 million is,
= 2/20 * 100
= 10%
That would mean that annual depreciation costs at that facility will rise by $2 million or 10%.
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