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3 years ago

Suppose that, in a competitive market without government regulations the equilibrium price of gasoline is $3.00 per gallon.

Business

1 answer:

yKpoI14uk [10]3 years ago

8 0

Answer:

price floor , binding

price ceiling binding

price floor , non binding

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price

Because firms are unable to hire workers due to the minimum wage laws., it means it is binding price floor

Equilibrium price is $3 and the maximum price is $2.70 . Thus, it is a binding price ceiling

Equilibrium price is $3 and the minimum price is $2.70 . Thus, it is a binding floor

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What is a lease?

Elodia [21]

A a lease is like renting something ( example: joe leased his corvette from the Chevrolet dealership he lease his corvette for three year then brung it back and bought a 2018 corvette
I hope that helped

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3 years ago

Read 2 more answers

6.<br> with a traditional bank, who is bearing the risk of the borrower defaulting?

Vikki [24]

The lender is bearing the risk on defaulting the loan

4 0

3 years ago

Batista Company management wants to maintain a minimum monthly cash balance of $19,900. At the beginning of April, the cash bala

Tasya [4]

Answer:

Amount to be borrowed = $9,400

Explanation:

Provided, opening cash balance = $21,100

Add: Expected cash receipts = $245,600

Less: Expected cash disbursements = $256,200

Closing balance expected = $10,500

Since net balance to be maintained in cash = $19,900

Cash to be borrowed to maintain this balance = $19,900 - $10,500 = $9,400

this amount has to be borrowed and can be borrowed at any time during the month.

Final Answer

Amount to be borrowed = $9,400

5 0

3 years ago

An organization that provides goods and services while seeking to operate at a profit is a.

Nonamiya [84]

Business is an organization that provides goods and services while seeking to operate at a profit

<h3>What is Business?</h3>

A Business is organization that it's major operations are towards making profit by manufacturing goods and services to satisfy its customers. Businesses can meet the needs of consumers by providing services and products of medical care, autos, and countless other goods.

Therefore, Business is an organization that provides goods and services while seeking to operate at a profit.

Learn more on Business from the link below.

brainly.com/question/14346033

3 0

2 years ago

n the first two years your investment increases by 2.5% annually, in the third year it returns 12% but in the fourth year it goe

mote1985 [20]

Answer:

Ans. The average annual rate of return over the four years is 2.792%

Explanation:

Hi, first let´s introduce the formula to use

$r(Average)=\sqrt[n]{(1+r(1))*(1+r(2))*(1+r(3))+...(1+r(n))}-1$

Where:

r(1),(2),(3)...n are the returns in each period of time

n =number of returns to average (in our case, n=4).

With that in mind, let´s find the average annual return over this four years.

$r(Average)=\sqrt[4]{(1+0.025)*(1+0.025)*(1+0.12)+(1-0.07))} -1=0.022792$

Therefore, the average annual return of this invesment in 4 years is 2.2792%

Best of luck.

5 0

3 years ago