Answer: B. No. Imposing a price control below the equilibrium price in a market causes the quantity of the good available to consumers to fall because sellers will supply a smaller quantity, thereby causing some consumers to go without food that they would have been able to buy in the absence of the price control.
Explanation:
If price controls are introduced below the equilibrium price in the market, farmers or sellers will supply less to the market because they will not be incentivized to produce more seeing as they are not making what they should be making.
This, coupled with increased demand on account of food being cheaper, will lead to shortages which would mean that those that could have been able to afford the food at the equilibrium price would not be able to access food leading to even worse food shortages.
Answer:
D) 75
Explanation:
Our initial production function is:
q = 305X - 2X²
we calculate the derivative of q:
(q') = 305 - 4X
MP = 305 - 4X
$10 / $2 = 305 - 4X
5 = 305 - 4X
4X = 305 - 5 = 300
x = 300 / 4
x = 75
Answer:
The correct answer is c) secondary
Explanation:
The term Secondary data refers to the information that has been collected by someone different than the user. For example, the information collected by government departments sometimes appears on the internet, if any user takes this information from the internet and uses it on any homework, project, business, etc... It is considered such as secondary data.
Answer:
Write convert() method to cast double to int Complete the convert() method that casts the parameter from a double to an integer and returns the result. Note that the main() method prints out the returned value of the convert() method.
Ex: If the double value is 19.9, then the output is: 19
Ex: If the double value is 3.1, then the output is: 3
Explanation:
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