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Archy [21]
3 years ago
6

Assume that tea and lemons are complements and that coffee and tea are substitutes. An effective price ceiling on coffee would c

ause the _____ curve for lemons to shift _____. Hint: You will need to take a minute to think through this question. You can do it! Think about what is happening in all 3 markets (tea, lemons, coffee). Also, consider how much of each item is actually being exchanged.
Business
1 answer:
givi [52]3 years ago
3 0

Answer:

An effective price ceiling on coffee would cause the demand curve for lemons to shift to the left.

Explanation:

An effective price ceiling results in lower prices, increased demand, and shortages. Since tea and lemons are complement, a decrease in the price of coffee (substitute of tea) would result in a decrease in the demand for lemons (complement of tea). This means that the demand curve for lemons will shift to the left.

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Lower-level public agency employees who take actions outlined in law are known as ______.
NISA [10]

Lower-stage public employer personnel who take moves mentioned in regulation are recognized as <u>Street-Level Bureaucrats.</u>

These are public personnel who have interaction immediately with residents and feature good sized discretion withinside the execution in their work (1980:3). Examples are teachers, police officers, widespread practitioners and social employees. These street-stage bureaucrats enforce public policies. Street-stage bureaucrats act as liaisons among authorities coverage-makers and residents and those civil servants enforce coverage selections made with the aid of using senior.Street-Level Bureaucrats in Perspective.

“Street-stage bureaucrats” are public provider employees “who have interaction immediately with residents withinside the direction in their jobs, and who've good sized discretion withinside the execution in their work. A few examples include police officers, border guards, social employees and public faculty teachers. These civil servants have direct touch with individuals of the overall public, in assessment with civil servants who do coverage evaluation or financial evaluation, who do now no longer meet the public.

Learn extra about employees visit: brainly.com/question/29237448

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5 0
1 year ago
Assume that the Candyland economy produced approximately 150 candy bars, 80 bags of caramels, and 30 solid chocolate bunnies. If
Paha777 [63]

Answer:

A. 300

Explanation:

Market value is simply the market capitalization of a publicly traded company. Formula for calculating,

Market Value = no. of produced goods × average price.

Given that

No. of chocolate solid bunnies produced = 30

Average price of chocolate solid bunnies = $10

Therefore,

Market value = 30 × 10

= $300.

5 0
4 years ago
Bond X is noncallable and has 20 years to maturity, an 11% annual coupon, and a $1,000 par value. Your required return on Bond X
stira [4]

Answer:

You should be willing to pay $984.93 for Bond X

Explanation:

The price of a bond is equivalent to the present value of all the cash flows that are likely to accrue to an investor once the bond is bought. These cash-flows are the periodic coupon payments that are to be paid annually and the proceeds from the sale of the bond at the end of year 5.

During the 5 years, there are 5 equal periodic coupon payments that will be made. Given a par value equal to $1,000 and a coupon rate equal to 11% the annual coupon paid will be 1,000*0.11 = $110. This stream of cash-flows is an ordinary annuity.

The  PV of the cash-flows = PV of the coupon payments + PV of the value of the bond at the end of year 5

Assuming that at the end of year 5 the yield to maturity on a 15-year bond with similar risk will be 10.5%, the price of the bond will be equal to :

 110*PV Annuity Factor for 15 periods at 10.5%+ $1,000* PV Interest factor with i=10.5% and n =15

= 110*\frac{[1-(1+0.105)^-^1^5]}{0.105}+ \frac{1,000}{(1+0.105)^1^5}=$1,036.969123

therefore, the value of the bond today equals

110*PV Annuity Factor for 5 periods at 12%+ $1,036.969123* PV Interest factor with i=12% and n =5

= 110*\frac{[1-(1+0.12)^-^5]}{0.105}+ \frac{1,036.969123}{(1+0.12)^5}=$984.93

5 0
3 years ago
MV Corporation has debt with market value of $ 101 ​million, common equity with a book value of $ 100 ​million, and preferred st
timofeeve [1]

Answer:

Weight of debt = 0.2453 or 24.53%

Weight of preferred stock = 0.0486 or 4.86%

Weight of common equity = 0.7061 or 70.61%

Explanation:

The WACC or weighted average cost of capital is the cost of a firm's capital structure. The capital structure of a company can consist of one or more of the following components namely debt, preferred stock and common stock.

To calculate the WACC, we use the market value of each component.

  • The market value of debt is$101 million.
  • The market value of common equity is 290.7 million
  • The value of preferred stock is $20 million

Market value of common equity = 51 * 5.7 = 290.7 million

The weights to assigned to each components are,

Total weight of all components = 101 + 20 + 290.7 = 411.7 million

Weight of debt = 101 / 411.7  => 0.2453 or 24.53%

Weight of preferred stock = 20 / 411.7  => 0.0486 or 4.86%

Weight of common equity = 290.7 / 411.7  => 0.7061 or 70.61%

5 0
3 years ago
Which description BEST applies to today's U.S. worker? Question 1 options: a) working more at the office, leaving home for fun b
Galina-37 [17]

Answer:

Option C. working harder and longer, feeling more insecure

Explanation:

The reason is that the increase in automation has resulted in increase in unemployment and the result is that their is huge decrease in the jobs and the jobs that were previously unfilled are now filled due to increase in unemployment. Furthermore, this lead to increased bargaining power of the company position against the job seeker. This resulted in decrease in the wages of the employees as well.

All of the above issues resulted in increased hardwork desires of companies and insecurity of the people of America.

8 0
3 years ago
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