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3 years ago

As the time frame shifts from the short run to the long run, what happens to consumers who are subject to a binding price floor

Business

1 answer:

Angelina_Jolie [31]3 years ago

5 0

Answer:

In simple words, as the frame shifts from short to long run, the costumers who are bidden by the price floor will be more attracted to some substitute good which will further result in more elasticity of the product itself. More elasticity means that the quantity demanded of a product changes to a greater extent in relation to a change in price.

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Cho ví dụ môi trường kinh doanh ở các nước đầu tư

Snowcat [4.5K]

Answer:

???

Explanation:

3 0

3 years ago

Gunnar, the Director of Operations at Fantastic Foods, has worked with other managers over the years to set up groups and teams

qaws [65]

If Gunnar, the Director of Operations at Fantastic Foods. One of the recent groups, which is also a team, is the dean search committee.

Team are member of a group that come together in unity to resolve issue and to achieve their set goals and objectives.

The recent group will be the dean search committee which aim is to interact or communicate frequently by making use of different communication means over a period of several months.

Therefore One of the recent groups, which is also a team, is the dean search committee.

Learn more about team here: brainly.com/question/11352260

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6 0

2 years ago

*Marking brainliest for the first right answer*

vichka [17]

Answer:

yaah lower is only the answer

3 0

3 years ago

The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing:

Reil [10]

Answer:

20Y3

Nov. 21 :

Debit Notes receivable $66,000

Credit Accounts receivable $66,000

<em>(To recognize notes receivable iro past due account)</em>

Dec. 31:

Debit Interest revenue $161.33

Credit Interest receivable $161.33

<em>(To record accrued interest on notes receivable)</em>

Jan. 20:

Debit Cash $66,880

Credit Notes receivable $66,000

Credit Interest receivable $880

<em>(To record payment of note and interest on Nov. 21 notes)</em>

Explanation:

Note receivable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest revenue on the notes is calculated as: Principal x Interest Rate x Time

In this case, the total interest expense is $66,000 x 8%/12 x 2 months = $880.

Total interest expense to the Company as at December 31 is therefore $880 / 60 days x 11 days = $161.33.

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3 years ago

Limitation of scientific management

lianna [129]

Answer:

Exploitative Devices: Management did not share benefits of increased productivity and so economic welfare of workers was not increased. 2. Depersonalized work: Workers were made to repeat the same operations daily which led to monotony

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3 years ago