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bonufazy [111]
3 years ago
11

True or false. Unintended market conditions, including black markets and shortages, can occur through the price restraint of a p

rice ceiling set above the market-clearing price.
Business
1 answer:
lana66690 [7]3 years ago
6 0

Answer:

false

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Price floor set above the market-clearing price is non binding

Effects of a binding price ceiling

1. It leads to shortages

2. it leads to the development of black markets

3. it prevents producers from raising price beyond a certain price

4. It lowers the price consumers pay for a product. This increases consumer surplus

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For the most recent year, Triad Company had fixed costs of $190,000 and variable costs of 75% of total sales revenue, earned $58
poizon [28]

Answer:

The computations are as follows

Explanation:

a)  Before tax income  is

 = After Tax Income ÷ (1 - Tax Rate)

= $58,500 ÷ (1 - 0.35)

= $90,000

b) Total Contribution Margin

Contribution Margin = Fixed Costs + Before Tax Income

= $190,000 + $90,000

= $280,000

c) Calculation of Total Sales

Variable Cost is 75% of Sales

SO, Contribution Margin 25% of Sales

Contribution Margin = $280,000

25% of Sales = $280,000

Sales = $280,000 ÷ 25%

         = $1,120,000

d) Break Even Point in dollars

Break Even Point in dollar = Total Fixed Costs ÷ Contribution Margin percentage

= $190,000 ÷ 25%  

= $760,000

We simply applied the above formula

8 0
4 years ago
What is the difference between a shortage and a scarcity?
Nata [24]
Based on economic theory, scarcity is limitation of a resource which cannot be replenished. Shortage is used to indicate a market condition.
When applying this definition to your question, A is your answer.
6 0
4 years ago
Having unique accounts set up to access patient data is….
andriy [413]

It should be noted that having unique accounts set up to access patient data is important for standardizing patient identification.

<h3>Who is a patient?</h3>

A patient simply means an individual who is undergoing treatment in a hospital.

Having unique accounts set up to access patient data is important for standardizing patient identification.

Learn more about <em>patient</em> on:

brainly.com/question/25095395

7 0
2 years ago
Business behavior determines the ethics of society.We can improve society's moral and ethical behavior by first making a commitm
valkas [14]

Answer: The correct answer is False.

Explanation:

Business behavior will not determine the ethics of society. Businesses can't be responsible to change the moral and ethical behaviors of a single person or an entire world. Only a person can change their own behavior. A society in whole can only be changed by each person acting upon their own free will.

If a business is not ethical, then they need to change the way they work and do business and lead by example.

7 0
3 years ago
In an insurance company, the senior manager of life insurance division casually, discusses a new car in the market with the seni
sertanlavr [38]

Answer:

This is an example of informal communication as it takes place without any formal channels being used, it is in a very casual way and has no relation to the work or company they are working in.

Explanation:

4 0
4 years ago
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