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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:

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We don't have to accept the opinions of others but we do have to respect them.2-3 sentences
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Answer:

No matter what peoples opinions matter and deserve respect due to the fact I will also have an opinion. Not everyone's opinions are right or wrong.

Explanation:

6 0
3 years ago
What does the bible say about fathers responsibilities?.
Doss [256]

Answer:

Ephesians 6:4: "Fathers, do not provoke your children to anger, but bring them up in the discipline and instruction of the Lord."

Proverbs 1:8: "Hear, my son, your father's instruction, and forsake not your mother's teaching."

2 Corinthians 6:18: "And I will be a father to you, and you shall be sons and daughters to me, says the Lord Almighty."

Psalm 103:13: "As a father has compassion on his children, so the Lord has compassion on those who fear him."

Proverbs 22:6: "Start children off on the way they should go, and even when they are old they will not turn from it."

2 Samuel 7:14-15: "I will be a father to him, and he'll be a son to me. When he does wrong, I'll discipline him in the usual ways, the pitfalls and obstacles of this mortal life. But I'll never remove my gracious love from him."

Proverbs 23:22: "Listen to your father, who gave you life, and do not despise your mother when she is old."

Proverbs 23:24: "The father of a righteous child has great joy; a man who fathers a wise son rejoices in him."

Psalm 32:7-8: "You are my hiding place; you will protect me from trouble and surround me with songs of deliverance."

Proverbs 4:11-12: "I will guide you in the way of wisdom and I will lead you in upright paths. When you walk, your steps will not be hampered, and when you run, you will not stumble."

Luke 15:20: "But while he was still a long way off, his father saw him and was filled with compassion for him; he ran to his son, threw his arms around him and kissed him."

Deuteronomy 1:31: "There you saw how the Lord your God carried you, as a father carries his son, all the way you went until you reached this place."

Malachi 4:6: "He will turn the hearts of the fathers to their children, and the hearts of the children to their fathers."

Hebrews 12:7: "Endure hardship as discipline; God is treating you as sons. For what son is not disciplined by his father?"

Explanation:

Dads play no small role in the lives of their children and who they grow up to be. Come the third Sunday in June, it's time to celebrate them. To make Dad feel extra special this year, you might select just the right gift (perhaps a book?) or make a DIY one for him. Or you can spend quality time together doing something he enjoys, perhaps listening to music. But what might mean more to him than all of that is a verse of scripture.

Peruse the list of Father's Day Bible verses below to find one that's a sincere reflection of what a blessing your father or father figure is to you, or the love that bonds the two of you together. You might write one in a card (you can print one for free too!) to go with his gift and add some personal words of your own to go with it.

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1 year ago
Results of Agricultural Changes
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The increase in agricultural production and technological advancements during the Agricultural Revolution contributed to unprecedented population growth and new agricultural practices, triggering such phenomena as rural-to-urban migration, development of a coherent and loosely regulated agricultural market, and etc.
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2 years ago
How does militarism relate to today?
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Answer:

Examples of everyday militarism range from military visits to schools to the Invictus Games, from recruitment leaflets in cafes to deals with local authorities to grant privileges to military employers.

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2 years ago
Citizens of the United States have a responsibility to
kirza4 [7]

Answer:

U.S. citizens must comply with certain mandatory obligations, including: Obeying the law.

5 0
2 years ago
Read 2 more answers
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