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pshichka [43]
3 years ago
9

If the government imposes a price ceiling, then: the price offered by producers must be at or below the ceiling price. the marke

t supply curve will shift to the right. the price offered by producers must be at or above the ceiling price. producers would be inclined to increase the quantity supplied. producers must charge the ceiling price.
Business
1 answer:
katrin2010 [14]3 years ago
3 0

Answer:

The answer is A. the price offered by producers must be at or below the ceiling price

Explanation:

A price ceiling is a limit on how high the price of product or service can be. Governments use price ceilings to protect consumers from the overbearing of producers. For example, let's say the price of rice in the market in going up daily as a result of scarcity. Government can set the price ceiling to be $20 per bag. This means that the price by bag must never go beyond $20. Producers can set their price to be at $20 or below $20 but must never go above the price ceiling ($20)

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Recommend ways to deal with the following personalities in the workplace"
Roman55 [17]
1) Know the complaint. Ask what they think is the best solution to resolve the problem. Weigh the pros and cons of their suggestions. If more pros than cons, implement their suggestions. If more cons than pros, ask them to suggest other ways of solving their complaints.
2) Narrow down the choices. Give them shorter time to think and hold them to their decision.
3) Let them share their expertise with others. 
4) Let them share their ideas more. Let them be more involve in team activities so that they will feel that they belong.
5) Give them projects that they can kickstart. That way they will have a way to channel their aggressiveness. Let them be part of team building activities to help them adjust with other people's personalities.
5 0
3 years ago
Big Box Store has operated with a 30% average gross profit ratio for a number of years. It had $100,000 in sales during the seco
nydimaria [60]

Answer:

c) $20,000.

Explanation:

The computation of the estimated ending inventory is shown below:

We know that

Cost of goods sold = Beginning inventory + purchase made - ending inventory

And, the

Sales - gross profit = Cost of goods sold

$100,000 - $100,000 × 30% = Cost of goods sold

So, cost of goods sold would be

= $100,000 - $30,000

= $70,000

Now the ending inventory would be

$70,000 = $18,000 + $72,000 - ending inventory

$70,000 = $90,000  - ending inventory

So, the ending inventory would be

= $90,000 - $70,000

= $20,000

5 0
3 years ago
A random sample of 160 households is selected to estimate the mean amount spent on electric service. A 95% confidence interval w
Yuri [45]

Answer:

Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.

Explanation:

A confidence interval is a range of values, derived from the sample statistics, which may include the value of an unknown population parameter.

A 95% confidence interval indicates that between 152 of 160 samples (95%) of the same population will produce confidence intervals that will contain the population parameter.

It also means that we have a 95% confidence that the average (average amount) is among the resulting amounts obtained.

Logically, option "D" is missing the final part. This would be: D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $ 15.

This is the only true option, since the test is based on a sample of only 160 households, the entire population of households cannot be included.

Hence, the correct option is:

Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.

7 0
3 years ago
From an economist's point of view, costs: Consist only of explicit costs. May or may not involve monetary outlays. Never reflect
Mademuasel [1]

Answer:

A

Explanation:

5 0
3 years ago
An ad campaign by Suave shampoo asked television viewers to identify the heads of hair of women who used Suave shampoo and condi
Paraphin [41]

Answer:

Suave is most likely using<u> below-market pricing</u> or<u> the penetration pricing strategy.</u>

Explanation:

Penetration pricing is one of the pricing strategies used by the companies. In this strategy, the company gains the customer's attention and market shares by offering their products at low price. This increases the demand of the product or service in the future. This strategy involves below-market pricing to sell the products.    

8 0
3 years ago
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