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Ira Lisetskai [31]
2 years ago
8

The government of Paulaville decides to set prices of wheat. Calculate the amount of the shortage or surplus if the government s

ets a price floor at $2.
Business
1 answer:
ololo11 [35]2 years ago
7 0

Answer:

I have uploaded the picture with the relevant information below.

Explanation:

We can see in this picture that the market equilibrium is met at a price of $5, thus, $5 is the equilibrium price, because demand and supply are both 125 at this point.

If the govenment sets a price floor of $2, there will be no effect, because the price floor is non-binding.

A non-binding price floor is a minimum price set by the government that is actually lower that the equilibrium market price. In this case, the price of the market will be allowed to go to $5, and reach equilibrium, so the policy osf setting the $2 price floor will have no effect.

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A process currently services an average of 43 customers per day. Observations in recent weeks show that its utilization is about
love history [14]

Answer:

The correct answer is 31 customers per day.

Explanation:

Consider the current capacity requirement as = x

Management wants to have a capacity cushion = 8%.

So the utilization is required = 100% - 8% = 92%

A process of currently services an average of 43 customers per day and utilization is 90%.

Expected Demand=70%= 70 ÷ 100 = 0.70

Current utilization = 90% = 0.90

Let Capacity requirement = X

Capacity requirement ÷ required utilization  = Expected Demand rate × current service rate ÷ current utilization rate

X ÷ 0.92  = 0.70 × 43 ÷ 0.90

X = 0.70 × 43 ÷ 0.90 × 0.92

= 30.76  or 31

Needed capacity requirement is 31 customer per day.

6 0
3 years ago
The maximum outstanding balance you should have on a credit card with a $4,000.00 limit is _____.
Ira Lisetskai [31]
<span>The amount you plan on paying in full as a balance when the bill comes inn.
So,

</span><span>The maximum outstanding balance you should have on a credit card with a $4,000.00 limit is $ 4000.</span>
6 0
2 years ago
Read 2 more answers
The fixed budget indicates sales of $50,000. actual sales were $55,000. The variance is?
Anna007 [38]

The fixed budget indicates sales of $50,000. actual sales were $55,000. The variance is $5,000 favorable.

The variance is a measure of variability. it's far calculated by taking the average of squared deviations from the mean. Variance tells you the diploma of unfold in your information set. The more unfold the data, the larger the variance is in relation to the mean.

In opportunity idea and information, variance is the expectation of the squared deviation of a random variable from its populace imply or sample suggest. Variance is a measure of dispersion, that means it's far a degree of the way a long way a fixed of numbers is spread out from their average price.

Not like variety and interquartile range, variance is a measure of dispersion that takes into consideration the unfold of all information points in a data set. It is the degree of dispersion the most often used, in conjunction with the standard deviation, that is truly the rectangular root of the variance.

Learn more about variance here brainly.com/question/15858152

#SPJ4

5 0
1 year ago
Which of the following is true of viral marketing? It is the Internet version of word-of-mouth marketing. It refers to problems
Mice21 [21]

Answer:

Viral marketing is the Internet version of word-of-mouth marketing.

Explanation:

Viral Marketing is a term that can be best understood by considering the way a virus spreads continuously from one person to another and then to others.

Viral Marketing entails the <em>use of social media and other digital platforms or the internet to spread information.</em><em> </em>

It involves people coming in contact with an organization's marketing message and then sharing it with others who also share it with other people till it "goes viral".

5 0
3 years ago
Which of the following best describes how new information systems can result in legal gray areas?
Alexandra [31]

Answer:

D. They result in new situations that are not covered by old laws

Explanation:

4 0
3 years ago
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