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3 years ago

Which of the following is an accurate statement about the consequence of nonbinding price ceiling?

Business

1 answer:

Liula [17]3 years ago

5 0

Answer:

d. They do not change the quantity of goods bought or sold in the legal market.

Explanation:

A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.

Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.

This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.

A nonbinding price ceiling can be defined as a price that do not have any effect on the price of goods or services in the market.

Hence, an accurate statement about the consequence of nonbinding price ceiling is that they do not change the quantity of goods bought or sold in the legal market.

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In an organization with compensation that has ______ outcome interdependence, a(n) ______ portion of the employee's pay depends

bearhunter [10]

In an organization with compensation that has hybrid outcome interdependence, a given portion of the employee's pay depends on the team's output and performance.

Hybrid outcome interdependence refers to the terms of employment in which a team’s output and performance determines a specified portion of the members’ salary. So, if their performance fails to meet given targets or standards, members will end up getting lower pay.

On the other hand, there are incentive structures linked to such arrangements, so that overachieving the targets would lead to members receiving a bonus.

Hybrid outcome interdependence is a key corporate strategy to ensure employees put in their best effort, as incentive and disincentive structures are built into the pay structure.

To learn more about hybrid outcome interdependence: brainly.com/question/28195254

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3 0

2 years ago

You would like to know the minimum level of sales that is needed for a project to be accepted based on its net present value.

Andrei [34K]

Answer:

C. financial break-even point.

Explanation:

Break even point in economics is the point in the business, wherein cost and revenue generated are equal and business make no profit, no loss. Similary Financial break even has a same concept, however, it is a point in business, wherein earning before EBIT is equal to the fixed financial cost of the company and these fixed costs should be earned by the company to run its business and meet its fixed financial obligation. The earning above the financial break-even point is a profit to the shareholder.

Point in financial break even, wherein earning per share is equal to zero.

8 0

3 years ago

The reason that the producers of wood pulp have often forward integrated into the production of paper is:

Kisachek [45]

Producers of wood pulp often forward integrate into the production of paper in order to exploit technical economies. By also owning paper making plants they can avoid costs of removing waste, and better use it in order to make even more profits.

6 0

3 years ago

Upon graduating from college, you make an annual salary of $58,381. You set a goal to double it in the future. If your salary in

Fynjy0 [20]

Answer: 9.20

Explanation:

In finance there is a rule for calculating this called 'The Rule of 70'.

With The Rule of 70, you are able to calculate the amount of time it will take an investment to double if you divide 70 by the growth rate of the investment.

In this scenario, the investment is your salary and the growth rate is 7.61% pee year.

The amount of time it will take to double is therefore,

= 70 / 7.61

= 9.19842312746

= 9.20 years.

It will take 9.20 years to double.

7 0

3 years ago

Assume for a perfectly competitive firm, the market price of one box of tissues is $2. What is the marginal revenue when sales i

trapecia [35]

Answer:

The marginal revenue = $2

Explanation:

Firstly we calculate the value in dollars for the number of boxes sold

For 100 boxes, we have 100 * 2 = $200

For 200 boxes, we have 200 * 2 = $400

Mathematically, the marginal revenue = (cost of 200 boxes- cost of 100 boxes)/difference in quantity

= (400-200)/(200-100) = 200/100 = $2

Thus affirms the fact that for a perfectly competitive firm, marginal revenue MR = P (price)

8 0

3 years ago