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3 years ago

A government policy that sets the highest price that can be charged for a good or service is a __________.

Business

1 answer:

trasher [3.6K]3 years ago

3 0

Answer:

B. price ceiling.

A government policy that sets the highest price that can be charged for a good or service is a price ceiling.

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The method of determaining what a business will get in exchange for its products

liubo4ka [24]

Answer:

A. pricing

Explanation:

Pricing entails determining the value to attach to a product. It is the process through which a business decides how much customers will pay for its products. A business must consider the production costs and the desired margins when setting a price.

Price plays a crucial role in the success of a product and the business. A high price has higher profit margins but may put-off some customers. A low price may attract demand but may lead to losses. Sometimes, low prices are associated with a poor quality product.

4 0

2 years ago

2 Static game ISuppose two players are playing a game, Even and Odd. Each player has a penny and mustsecretly turn the penny to

Andreyy89

Answer: The answers are provided below.

Explanation:

1. A payoff matrix is a table whereby strategies of one player are listed in the rows and the strategies of the other player is listed in the columns while the cells show the payoffs to each player in such a way that the payoff of the row player is first listed.

The payoff matrix for this game has been attached.

2. In game theory, a strategic dominance occurs when a strategy is better than the strategy of another player. In this scenario, even does not have a dominant strategy because both strategies are providing equal payoffs for the pure strategy.

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2 years ago

A keynote speaker was known for his many speaking engagements, but now he has limited time and a rational mind. Even he would ev

yawa3891 [41]

Answer: B. the additional enjoyment of one more speaking engagement (the marginal benefit) is rising.

6 0

3 years ago

Those who exhibit similarities in occupations, education, and income level, and have similar tastes in style and activities ar

juin [17]

Answer: The correct answer is "B. social class".

Explanation: Those who exhibit similarities in occupations, education, and income level, and have similar tastes in style and activities are members of a <u>social class.</u>

In a society the general range of people can be defined as the social class. Within these classes people tend to be similar in terms of occupation, income level, tastes, education, etc.

8 0

2 years ago

On November 1, year 1, Jamie (who is single) purchased and moved into her principal residence. In the early part of year 2, Jami

Deffense [45]

Answer:

correct option is $31,250

Explanation:

given data

home sold gain = $45,500

to find out

gain may Jamie exclude from gross income in year 2

solution

as given November 1 purchase home February 1 sold

so we know here that Maximum exclusion will be

Maximum exclusion = $250,000 × $\frac{3}{24}$

Maximum exclusion = $31,250

so here $31,250 may Jamie exclude from her gross income in year 2

correct option is $31,250

7 0

3 years ago