Answer:
The correct answer is D. does not increase the amount of the product that consumers buy because it creates a shortage.
Explanation:
If a market is defined by the following demand and supply functions. The balance or price that reflects the coincidence in valuation of the good of consumers and producers, would occur at the intersection between both functions.
When the State intends to supplant market activity in the allocation of goods and services, it can do so through a policy of maximum and minimum prices.
If it is considered appropriate that a given price is less accessible than what would take place in the market, it will establish a maximum price, above which no company can sell. When this occurs, we can graphically appreciate how at that price the quantity demanded is greater than that offered, thus generating an excess of demand that leads to the shortage of the good. In this context, some mechanism will be developed that allows rationing the offer (long lines, different criteria such as age, economic level, etc.) This being, land paid for the appearance of the “black market”.
Another type of price control is the establishment of a minimum price. This system has been used frequently in agricultural markets, when the State has sought to prevent farmers' income from drastically reducing.
When a minimum price is established higher than what would take place in the market, the quantity offered exceeds the defendant, thus producing an excess supply. This excess supply will lead to an accumulation of production that will generate great inefficiency.
When the value of a country’s currency falls, the currency is <u>depreciating</u><u>,</u> so one unit of that currency can buy <u>fewer</u> units of other currency.
<h3>What is effect of a currency depreciation?</h3>
When there is a depreciation of a country's currency, its makes its export goods cheaper for foreigners and domestic residents find that foreign imports are more expensive.
Therefore, the correct dropdown includes <u>depreciating</u> & <u>fewer</u>.
Read more about currency depreciation
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Answer:
MRPL= $200 = wage rate when there are 5 workers
and MRPL = $1,200 = wage rate when there are 2 workers.
Explanation:
The computation of unionized is shown below:-
Marginal revenue product of labor = Marginal product × Price per unit
Workers Total Production Marginal Product MRPL
(per day)
a b b × $8
0 0
1 200 200 $1,600
2 350 150 $1,200
(350 - 200)
3 450 100 $800
(450 - 350)
4 500 50 $40
(500 - 450)
5 525 25 $200
(525 - 500)
6 510 -15 -$120
(510 - 525)
From the above table MRPL = $200 = wage rate when there are 5 workers
and MRPL = $1,200 = wage rate when there are 2 workers.
Answer:
$400,000
Explanation:
total variable manufacturing overhead = sum of total machine hours required during the year x variable manufacturing overhead rate per machine hour
= (35,000 hours + 20,000 hours + 15,000 hours + 30,000 hours) x $4 per machine hour = 100,000 machine hours x $4 per machine hour = $400,000
total fixed manufacturing overhead = $50,000 per quarter x 4 quarters = $200,000
Answer:
total weight of debt = 0.343 or 34.3%
Explanation:
stock's market value = 17,500 x $69 = $1,207,500
bond₁'s market value = $250,000 x 101.5% = $256,750
bond₂'s market value = $350,000 x 106.5% = $372,750
total market value of the firm = $1,837,000
weighted capital structure:
market value weight
stocks $1,207,500 0.657
bond₁ $256,750 0.140
bond₂ $372,750 0.203
total $1,837,000 1
total weight of debt = 0.343 or 34.3%
