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3 years ago

A price support is a type of _____.

Business

2 answers:

maw [93]3 years ago

7 0

<span>a.price floor

Where the government fixes the minimum retail price</span>

Yuliya22 [10]3 years ago

7 0

Answer: a. price floor

A price support is a type of price floor.

Explanation:

Price floor refers to a price control in which the government set the minimum price a commodity or product can be sold. It brings about a market surplus due to the fact that the quantity supplied at the price floor is higher than or exceed the quantity demanded. The government uses price floor in preventing prices from being too low. An example of a price floor is minimum wage (price) payed for labour.

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Williams & Co. management is trying to decide the appropriate prices for various products sold by the firm. This is a focus

nikdorinn [45]

Answer:

A. Micro-economics

Explanation:

Micro-Economics represents a study of economic activiites or economic choices that affect individual businesses or organisations, individual consumers or individual families. Since the focus of Williams & Co is on determining appropriate prices for products sold in its individual firm, then the focus is micro-economics

Macro Economics represents the study of economic activities and choices but instead of the individual level, it studies these acivities at the overall national level or at the global level. So the study of pricing among the various detergent producing firms in the United States is under the purview of macro economics

Monetary policy focuses on the tools that are used to regulate the entire economy especially the Federal Reserve through the regulation of the activities of member financial institutions.

Fiscal Policy focuses on the activities of government to control its expenditure, tax rates and overall monitor or regulate the economy

5 0

3 years ago

If omar company applies overhead to jobs on the basis of direct labor hours and job 3 took 120 hours, how much overhead should b

telo118 [61]

You multiply 3 by 120 to get $360 the answer is b. $360

6 0

3 years ago

Simpkin Corporation owns manufacturing facilities in States A, B, and C. B uses a three- factor apportionment formula under whic

ivanzaharov [21]

Answer:

Simpkin Corporation

Simpkin's apportionable income assigned to B is:________.

b. $533,333

Explanation:

a) Data and Calculations:

Apportionable operating income = $1,000,000

State A State B State C Totals

Sales $400,000 $800,000 $300,000 $1,500,000

Payroll 100,000 150,000 50,000 300,000

Property 200,000 200,000 200,000 600,000

State B's portion of the operating income = $1,000,000 * $800,000/$1,500

= $533,333

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3 years ago

The equilibrium price and quantity of a good are found where the supply and demand curves intersect.

Drupady [299]

True. Do not forget that the equilibrium quantity is found when the quantity demanded is equal to the quantity supplied, which must be where the two curves intersect.

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3 years ago

In January 2007, XM enjoyed about 58 percent of satellite radio subscribers, and Sirius had the remaining 42 percent. Both firms

Viktor [21]

Answer:

The correct answer is 3

good luck ❤

Explanation:

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3 years ago