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Ne4ueva [31]
3 years ago
10

If your seller cost is $8.00 and the price ceiling is $7.00, you will:

Business
1 answer:
ozzi3 years ago
6 0
<span>If your seller cost is $8.00 and the price ceiling is $7.00, you will: </span>Be unable to sell a book for a profit  

Seller Cost refers to the total expense that you have to pay until the product is distributed, while price ceiling is the maximum price imposed by the Government for the product.
The only way for you to obtain profit in this situation is if you could reduce the total operational expense.
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People are willing to pay a higher price if they believe that supplies are ______.
ratelena [41]
C. Limited

If you have a small amount of product/resources that means that it is rare, and therefore more valuable.

For example, in the U.S. economy, there is a limited amount of currency, and that is what makes the currency valuable.

Or the better example, in a game like Minecraft, the resource "diamond ore," is only worth value to the player because it is a Limited resource, and it does not spawn often.

Hope this helps!
4 0
3 years ago
Read 2 more answers
Off-the-shelf accounting software is not adequate to meet the needs of small businesses. True or False True False
BabaBlast [244]

Answer:

True

Explanation:

Small Business face different operational and managerial circumstances compared to <em>established</em> business.

Off-the-shelf accounting software may not be consistent with these circumstances rendering it cumbersome or unsuitable.

Thus a customized accounting software is most suitable to meet the needs for small businesses

8 0
3 years ago
The most economical way to purchase large items, such as fumiture, is to buy with
kvv77 [185]
Using cash or debit because it’s much simpler. If using cash you have a confirmed amount to give the person you are buying from
8 0
3 years ago
You own 230 shares of stock in Green Mild Chili Peppers, Inc., that currently sell for $50.70 per share. The company has announc
Arturiano [62]

Answer:

This equals $12,256.70 (230 x $50.70 + 230 x $2.59)

Explanation:

The value of the portfolio on May 3 is the sum of the market value of the shares plus the sum of the returns in form of dividends to be received.

This value adds the weight of the investment obtained by multiplying the total shares held with its market price to the expected dividend returns on the given date.

6 0
3 years ago
Read 2 more answers
Suppose that when a student is caught lying about completing his homework, he is not allowed to participate in afternoon recess
Gala2k [10]
<span>The correct answer should be D. Negative punishment.</span>
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