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just olya [345]
3 years ago
11

Students will write a thorough explanation of the impact of price ceilings would have on the field of medicine in the United Sta

tes.
(USE EXAMPLES AND EXPLAIN THEM!)
Be sure to consider both the impact on demand as well as supply.

100 points!
Consider these areas in the medical field:
# of doctors
Research & Development of procedures/equipment/Rx Drugs
Quality of hospitals

& remember to take a stance... make a claim! ... Price ceilings would be good.... or ...Price Ceilings would be bad...
Business
1 answer:
melisa1 [442]3 years ago
8 0

Answer: Price ceilings are beneficial to society, and are often necessary, in that they make sure that essential goods are financially accessible to the average person, at least in the short run. By lowering costs, price ceilings also have the beneficial effect of helping to stimulate demand, which can contribute to the health of an economy.

However, there can also be downsides to price ceilings. While they stimulate demand, price ceilings can also cause shortages. Where the ceiling is set, there is more demand than at the equilibrium price. This means that the amount of the good or service supplied is less than the quantity demanded.

For example: in agriculture, medicine, and education, many governments set maximum prices to make the needed goods or services more affordable. Producers may respond to such an economic situation by rationing supplies, decreasing production levels or lowering the quality of production, making the consumer pay extra for otherwise free elements of the good (features, options, etc.), and more.

Request: Can I please get brainliest

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Andy tells Ervin and Marina that everyone will lose their jobs if the company goes out of business, whether they have guild prot
Lelechka [254]

Answer:

Pressure

Explanation:

Influence Tactic are ways a leader tries to influence people working with him to do a particular task or improve performance.

Among the influence tactics available, the influence tactic that Andy is most likely utilizing when he says that everyone would lose their jobs if the company goes out of business, regardless of guild protection is Pressure.

Pressure as an influence tactic tries to influence people through the use of threats, demands, or intimidation to get them to agree with a request.

6 0
3 years ago
In order for a company to achieve a sustainable competitive advantage, it must:
Aleksandr [31]

Answer: a. perform one or more activities in the value chain at the same quality level as its competitors.

Note: But it must be at a lower cost than the competitors.

d. perform its value chain activities at a higher quality level than one of its competitors.

Note: It must be at no greater cost than the competitors.

What is Sustainable Competitive Advantage?

They are a company's abilities, culture, assets, and attributes that places them at an advantage or gives them a cutting edge over their competitors, such advantage(s) are difficult to duplicate by another company.

Types of sustainable competitive advantage.

• Low pricing: This is the ability of a company to provide goods or services at a low cost compared to their competitors, this ability could be an important competitive advantage.

• Market Power: This talks about the sole ability of a company to increase price without experiencing a loss in the market share, this happens when there is high barrier to entry in a market.

Other examples are ; powerful brands, outstanding management, product differentiation, etc.

Explanation:

7 0
3 years ago
Suppose you win the lottery and have two options: A. Take $1 million now. B. Take $1.2 million to be paid out as 300,000 now and
laila [671]

Answer:

A. Take $1 million now.

Explanation:

A. If we take $1 million now the present value of the money is $1 million.

B. If we choose to take $1.2 million paid out over 3 years then present value will at 10% will be;

$300,000 + $300,000 / 1.2 + $300,000/ 1.44 + $300,000 / 1.728

$300,000 + $250,000 + $208,000+ $173,611 = $931,944

The present value of option B is less than present value of option A. We should select option A and take $1 million now.

4 0
3 years ago
Perteet Corporation's relevant range of activity is 3,600 units to 8,000 units. When it produces and sells 5,800 units, its aver
creativ13 [48]

Answer:

Total MFG Overhead  $ 20680

Explanation:

Perteet Corporation

Manufacturing overhead consists of Variable manufacturing overhead and Fixed manufacturing overhead.

Variable manufacturing overhead $ 1.40

Fixed manufacturing overhead $ 3.30

Manufacturing overhead per unit    $ 4.7

No of units =  4,400

Total MFG Overhead = 4.7 * 4400 =  $ 20,680

The manufacturing overhead costs do no not consists of Fixed selling expense, Fixed administrative expense ,Sales commissions and Variable administrative expense. Another way of finding the manufacturing overhead costs is subtracting the cost of direct materials and direct labor from the cost of goods sold.

Cost of Goods Sold $ 14.2

Direct materials $ 6.30

Direct labor $ 3.20

Variable manufacturing overhead $ 1.40

Fixed manufacturing overhead $ 3.30

Total Manufacturing Costs= $ 14.2

Less Direct Materials Cost= $ 6.3

Less Direct Labor Costs = $ 3.2

Mfg Overhead= $ 4.7

No Of Units = 4400

Total MFG Overhead = 4.7 * 4400= $ 20680

     

6 0
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coldgirl [10]
During April 11, 1993, at the Southern Ohio Correctional, the longest prison riot in the US history took place wherein the 11 days of riot took the lives of 9 inmates at the prison. Another famous riot was the 1990 Strangeways Prison riot which took place at a British penal colony and ended 25th of April.
3 0
3 years ago
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