Answer:
b. minimum price that can be legally charged for a product or service
Explanation:
A price floor represents a minimum price that can be legally charged for a product or service. A price floor is the lowest legal price that can be paid in markets for goods and services, labor, or financial capital. There are many goods which have price floors imposed by the government; for example agriculture good. In an organizations, unions may also impose price floors which could be the minimum rates for the staff etc.
Answer:
FV= $1,254.4
Explanation:
Giving the following information:
Initial investment= $1,000
Number fo years= 2
i= 12% compunded annually
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
PV= present value
FV= 1,000*(1.12^2)
FV= $1,254.4
Answer:
$214,000
Explanation:
The computation of the break even point in dollars is shown below:
= (Fixed cost ) ÷ (Profit volume ratio)
where,
Fixed cost = $141,240
And the profit volume ratio would be
= (Contribution margin) ÷ (Sales) × 100
= ($145.20) ÷ ($220) × 100
= 66%
where Contribution margin equal to
= Selling price per unit - variable expense per unit
= $220 - $74.80
= $145.20
So, the break even in dollars is
= $141,240 ÷ 66%
= $214,000
This is the answer and the options that are given in the question are wrong
In pursing its own interest, an oligopoly firm will decide to increase production by 1 unit as long as the output effect is larger than the price effect. An oligopoly happens when there is limited competition because there are only a small number of producers or sellers in the market. Due to limited competition there is no need for most of these businesses to produce more unless the output is going to produce more and become sustainable for their consumers demand.
<span>What is meant by Purchasing Power Parity (PPP)? D. The exchange rate that equalizes the prices of internationally traded goods across countries. The PPP is an economic theory that refers to a basket of goods approach, meaning, that </span>when two or more countries price a basket of goods the same way, there is an equilibrium. Exchange rates in this situation are equal in all participating countries.