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vekshin1
3 years ago
13

The intention of a price floor is to help producers by setting a higher than equilibrium price. What is one unintended consequen

ce of this policy
Business
1 answer:
zloy xaker [14]3 years ago
5 0

Answer:

One unitended consequence of this policy is that if the price is above the equilibrium price then this will affect the market by producing black market, low importance to the product that has risen up in price and more importantly it will produce the demand of the product to fall down.

Explanation:

To begin with, the price floor is a method used in the microeconomics theory in order to give help to the producers from the government who are the ones who choose how to control and manipulate the price of the good. But this method tends to be very aggressive and not good at all if the price floor is set above the equilibrium price set by the market itself and that is because the producers will be offering a product that is much expensive in price and not worth in value at all so the demand for the product will fall and it will create a black market where the consumers who want to pay less will go there for even a product with less quality.

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‍You have just decided to add a new line to you manufacturing plant. Compute the expected loss/profit from the addition if you e
nikklg [1K]

Answer:

The expected profit from the addition is $47,000

Explanation:

Total Addition can be calculated by netting expected values of all situations as follow:

Expected value = %Chance x additional Profit/loss

i Expected profit = 50% x $100,000 = $50,000

ii Expected profit = 30% x $0 = $0 (Profit is same there is no addition)

iii Expected profit = 20% x ($15,000) = ($3,000)

The expected profit from the addition = $50,000 + ($3,000) = $47,000

3 0
3 years ago
When determining the account balance for a particular account (ex. Accounts Receivable) in order to prepare a trial balance, the
DanielleElmas [232]

Answer: General ledger

Explanation:

According to the given question, the company's general ledger is the term that is used to refers to the account that helps in balancing the specific account in the form of record, store and also summarizing all the transaction details of an organization by using the proper balance sheet chart.

The main role of the general ledger is that it helps in preparing the financial reports by including all the data such as revenue, liability, expense and the asset.

The general ledger is preparing the balance by using the transaction statement of the company's account.

 Therefore, General ledger is the correct answer.

4 0
3 years ago
entrepreneurs are the back of the nation.in line with this statement evaluate the contribution of entrepreneurs to the nation by
Maurinko [17]

Entrepreneurship encourages healthy competition. It also improves economy by being able to partner with big companies in the other countries. Bheki Kunene, a young entrepreneur of South Africa, was able to partner with numerous companies across the world. And lastly, it encourages healthy competition.

<span> </span>

6 0
3 years ago
Frito-Lay has developed a new line of snack foods. The company wants to place the products in as many outlets as possible; groce
Katen [24]

Answer: Intensive distribution

Explanation:

Here, in this particular case Frito-Lay is trying to accomplish the <em>Intensive Distribution</em>. Intensive distribution is referred to as the marketing strategy under which an organization tends to sell their respective commodity through their several outlets or store as, in order to have the individuals and their respective customers confront the commodity virtually almost everywhere.

3 0
3 years ago
Theresa leased a one-bedroom apartment from Landlady for one year at $500 per month. After three months, she vacated the apartme
LenaWriter [7]

Answer:

She owes 4500 because she leased the apartment for 1 year and her yearly total would be 6,000 but since she left after three months the amount she paid was 1,500 and 6,000 - 1,500 is 4,500 that is how much she owes.

Explanation:

I hope this helped have a great day!

5 0
3 years ago
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