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densk [106]
3 years ago
8

What is the purpose of a price ceiling?please I need it right now :'(​

Business
2 answers:
Alborosie3 years ago
8 0

Answer:

To protect the poor.

Explanation:

By keeping prices to a certain maximum, price ceilings guarantee that certain basics are affordable to everyone.

Tems11 [23]3 years ago
7 0

Answer:

B. To enable rationing

Explanation:

<em>The purpose of price ceiling would be to enable rationing.</em>

A price ceiling represents an imposed price control over a product. It is the maximum amount a manufacturer or a supplier is allowed to charge for a product within an economy.

Price ceilings are imposed so as to ensure that prices of products remain within the range of an average consumer within a population and prevent excessive upward movement of prices.

<u>Price ceilings help in rationing. It ensures that an average consumer is not overcharged for products in as much as the manufacturer/suppliers get reasonable profit for their production.</u>

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Answer:

Short-run economics primarily affect price.

Explanation:

When demand decreases for any reason, prices go down in the short term. When demand spikes, prices go up. ... Long-run adjustments occur when sustained increases or decreases in demand cause a business to change its practices and can affect both price and the means of production.

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IRR in Excel!(CHAPTER 9) Your company is considering a new project opportunity. It would immediately receive $200. In return, in
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Answer:

12.44%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

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cash flow in year 2 = - 70

cash flow in year 2 = - 60

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To find the IRR using a financial calculator:

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3 years ago
Marketing managers can choose between three possible global ______, which range from selling the same product to introducing an
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Daniel derives utility from only two goods, cake (Qc) and donuts (Qd). The marginal utility that Daniel receives from cake (MUc)
Agata [3.3K]

Answer:

240= 3Qc + 3Qd  

Explanation:

The computation of the Daniel's budget constraint is shown below;

Given that

Daniel's income= $240

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Price of donuts (Pd) =$3

So spending on cake = 3Qc

And,

Spending on donut= 3Qd

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Total spending = 3Qc + 3Qd

Now the equation of budget constraint is

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240= 3Qc + 3Qd  

4 0
2 years ago
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