1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
atroni [7]
3 years ago
12

Suppose that, in a competitive market without government regulations, the equilibrium price of donuts is $1.50 each. Complete th

e following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding. Statement Price Control Binding or Not The government has instituted a legal minimum price of $1.80 each for donuts. The government prohibits donut shops from selling donuts for more than $1.80 each. Due to new regulations, donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so.
Social Studies
1 answer:
madreJ [45]3 years ago
3 0

Answer:

A binding price floor is set above the equilibrium price as a minimum price

A binding price ceiling is set below the equilibrium price as a maximum price

Equilibrium price is $1.50

a) The government prohibits donut shops from selling donuts for more than $1.10 each = Price ceiling and it is Binding

b) The government has instituted a legal minimum price of $1.80 each for donuts = Price Floor and it is Binding

c) Due to new regulations donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so = Price ceiling and it is non-binding (as firms are wiling to offer higher wages than the minimum wage rate)

Explanation:

You might be interested in
If we were to design an experiment to test the hypothesis that aspirin takes headaches away, the independent variable would be _
nexus9112 [7]

Answer: C. aspirin; headaches

Explanation:

The variables in an experiment are either dependent or independent. An independent variable is the change that is introduced to test the hypothesis. A dependent variable on the other hand is the one being monitored or measured due to the introduction of other variables.

Here Headaches are the dependent variables as the experiment is to monitor whether the introduction of aspirin, the independent variable, takes headaches away.

8 0
3 years ago
(please help with good answer asap)
rusak2 [61]

Answer:

Sole trader business structure (hope this helps)

Explanation:

A sole proprietorship (also known as a sole trader) is an enterprise owned and run by one person. It is the simplest and cheapest business structure. If you operate your business as a sole trader , you have full control and management of the business. You are legally responsible for all aspects of the business.

Advantages:

You are the boss (full control)

You keep all the profits

Low start up costs

Operating your business is simple

Easy to change your legal structure

Disadvantages:

Unlimited liability for debts

All the responsiblity for making day-to-day business decisions is yours

Not much time off, it can be hard to take holidays

Taxed as a single person

6 0
3 years ago
Is it better for a man to work and a woman to stay at home? Women and men were asked this question in the GSS 2010 file. Investi
kenny6666 [7]

Answer:

Yes

Explanation:

Is it better for a man to work and a woman to stay at home? Women and men were asked this question in the GSS 2010 file. Investigate the relationship between marital status (MARITAL) and responses to this question (Polviews). Have SPSS calculate the Chi-square by clicking on analyze, Descriptive Statistics, and Cross tabs, then on the Statistics button click on chi-square in the upper left corner and then click continue and then okay. Based on your chi-square are the results statistically significant?a. yes

b. noExplain.

A chi square (χ2) statistic is a test that measures how expectations compare to actual observed data (or model results). The data in question used in calculating a chi square statistic must have the following characteristics:

-random,

-raw,

-mutually exclusive,

-drawn from independent variables,

-gotten from a large enough sample

SPSS stands for Statistical Package for Social Sciences, this is used to perform statistical analysis. It is used used by research to analyze data with various tools.

The Chi square is important becuase it can be used to test the hypothesis and see if the expected data is correlating with the actual oberved

5 0
3 years ago
Researchers can isolate a single factor and examine the effect of that factor alone on a particular behavior through use of a ch
Natasha_Volkova [10]

Answer: Option 'a' is correct.

Explanation:

Researchers can isolate a single factor and examine the effect of that factor alone on a particular behavior through use of a choices is an experiment.

As experiment means when a hypothesis is tested scientifically and check when the cause is changed what would effect that factor alone.

whereas correlational study is the study of two variables understand it and develop the statistical relationship between them without affecting from any variable.

Hence, option 'a' is correct.

7 0
3 years ago
Maslow claimed that love and belongingness needs are strongest in people who have
Natasha_Volkova [10]
It is strongest in people who have no attachments.
8 0
3 years ago
Other questions:
  • What did alexander the greats servents want him to do?
    10·1 answer
  • Who ever can tell what movie this is will get free points, its a little easy cuz its such a popular movie.But yeah
    10·2 answers
  • Why are asian americans sometimes labeled a "model minority"?
    5·1 answer
  • _________ give the user a quick high similar to that of being drunk.
    7·1 answer
  • Which of the following statements is TRUE?
    10·2 answers
  • What were important achievements of rome
    6·1 answer
  • What was a positive economic development for South Carolina as a result of World War I?
    5·2 answers
  • Based on this document, what problem in society do you think Voltaire is trying to solve?
    11·1 answer
  • Evaluate your own position with regards to how media report male and female sports media​
    10·1 answer
  • _____ is a middle ground that includes the strengths, but omits the weaknesses, of both qualitative and quantitative research
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!