All categories

3 years ago

What do price controls give us?

Business

1 answer:

Naddika [18.5K]3 years ago

3 0

Answer:

Price controls are government-mandated minimum or maximum prices set for specific goods and are typically put in place to manage the affordability of the goods. ... Over the long term, price controls can lead to problems such as shortages, rationing, inferior product quality, and black markets.

Explanation:

hope you get it right! ✋

You might be interested in

BMW and United Airlines cannot be considered in the same industry analysis because they compete in different industries.

OleMash [197]

Answer: False

Explanation:

The statement that "BMW and United Airlines cannot be considered in the same industry analysis because they compete in different industries" is wrong.

It should be noted that both of them are in the mobility industry. The mobility industry refers to the industry which covers the broad range of the organisations which provide products and services thar are used to support domestic and international relocations and assignments.

7 0

3 years ago

If a Starbucks tall latte cost $3.20 in the United States and 3 euros in the Euro area, then purchasing-power parity implies the

Nataliya [291]

Answer:

a. .938 If the exchange rate is less than this, it costs more dollars to buy a tall latte in the U.S. than in the Euro area.

Explanation:

We can see in the example that the Euro is cheaper than the dollar in purchasing-power parity. More specifically, the exchange rate is .938 euros per dollar.

This is why it is more expensive to buy a tall latte in the U.S. than in Europe. The Euro is cheaper.

5 0

3 years ago

Department S had 600 units 74% completed in process at the beginning of the period, 8,800 units completed during the period, and

Liono4ka [1.6K]

Answer:

20%

Explanation:

8 0

3 years ago

How can you reach the best version of yourself?

forsale [732]

Answer:

A and B

Explanation:

Unless you can choose B by itself then go with A and B.

4 0

3 years ago

Read 2 more answers

Rediger Incorporated a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work

saveliy_v [14]

Answer:

cost of goods manufactured= $161,800

Explanation:

Giving the following information:

Beginning Work in Process inventory= $41,000

Ending Work in Process inventory= $26,500

Direct materials= $58,800

Direct labor cost= $33,700.

The manufacturing overhead cost applied to Work in Process was $54,800.

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 41,000 + 58,800 + 33,700 + 54,800 - 26,500

cost of goods manufactured= $161,800

3 0

3 years ago