Answer:
Consumer surplus must rise
Explanation:
Remember, the Price ceiling is removed in a competitive market when there is a struggle to get many consumers.
If however the market price is not allowed to rise to the equilibrium level, quantity demanded would exceed quantity supplied, creating a shortage.
For example, several firms sells apple fruit at a price ceiling of $5, when the price ceiling is removed in this competitive market we would expect the firms to lower the price they sell their apples inorder to get more customers.
Answer:
The correct answer to the following question is option C) stock options would expire on the third Friday of the expiration team .
Explanation:
Options are those type of derivatives, whose value can be derived from the underlying value of the securities and it is a type of contract between buyer and seller where they have the right to buy ( call option ) and sell ( put options ) the asset at a predetermined price and time but it is not an obligation. The stock options expires usually on the third Friday of the expiration month .
Answer:
units required to be produced 217,000
Explanation:
expected sales for the period 208,000
desired ending inventory <u> 27,000 </u>
total units required 235,000
beginning units <u> ( 18,000 ) </u>
units required to be produced 217,000
The company needs units to fullfil teir sales bdget and desired ending invenoty.
the beginning inventory already complete a portion of the requirement so is the difference what determinates the required units to be produced.
D) expenses for a birthday party
Answer:
Tax on the airport= 5.376%
Explanation:
The tax rate on the airport can be calculated from the price of the magazine on the airport and tax which is on the magazine when purchasing from the airport.
Tax rate at the airport=(Tax on the Purchase)/(Price of magazine at which it is purchased)
In percentage:
Tax on the airport= 0.05376*100
Tax on the airport= 5.376%
