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3 years ago

A company is considered a price setter when: ____________

Business

2 answers:

mars1129 [50]3 years ago

5 0

Answer:

it has flexibility in setting prices of its products.

avanturin [10]3 years ago

3 0

The answer is c
It has little flexibility……..

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If a tax is levied on the sellers of a product, then the demand curve will a. become flatter. b. not shift. c. shift up. d. shif

Lera25 [3.4K]

If a tax is levied on the sellers of a product, then the demand curve will become flattered.

Option A. becomes flattered.

If a tax is levied on sellers of a product, then the supply decreases, the supply curve will shift to the left. The demand curve will not shift. This is shown in the following figure;

S+tax Price E1 pl p 0 q1 q Quantity х

In the above figure, the x-axis shows quantity and the y-axis shows the price. D is the demand curve and S is the supply curve. As a result of the tax, the supply curve will shift to the left. The price increases from p to p1 and quantity decreases from q to q1.

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2 years ago

1. According to the Small Business Administration, the percentage of businesses that

Aleksandr [31]

a or c

Explanation:

depending on startups it's risky , especially if it's fortune 500 companies multi level marketing . they tend to do well the first 6-8 years .

a mom and pop does well first few years and they can tell where it's headed first 4 years . normally takes more money in the beginning to stay above water unless you have it all funded and planned out A 44 percent

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3 years ago

Read 2 more answers

On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,874. Cash receipts yet to be de

My name is Ann [436]

Answer:

Bank Reconciliation Statement

Balance at bank as per the Cash Book (updated) $7,885

Add Unpresented Cheques $1,355

Less Bank Lodgements not yet credited ($3,268)

Balance as per bank statement $5,972

Bank $39 (debit)

Interest Earned $39 (credit)

Bank service fee $28 (debit)

Bank $28 (credit)

Explanation:

Step 1 Bring the Cash Balance in the Cash Book up to date

Debit :

Balance as at August 31, 2021, $7,874

Interest Earned $39

Totals $7,913

Credit:

Bank service fee $28

Balance Up dated (Balancing figure) $7,885

Totals $7,913

Step 2 Prepare the Bank Reconciliation Statement

Bank Reconciliation Statement

Balance at bank as per the Cash Book (updated) $7,885

Add Unpresented Cheques $1,355

Less Bank Lodgements not yet credited ($3,268)

Balance as per bank statement $5,972

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4 years ago

If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that:________

Neko [114]

If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that marginal physical product is negative.

What is the change in total output that results from hiring one additional worker?

The difference in production brought on by using an additional unit of labor is known as the marginal product of labor.

Does hiring additional workers increase the total revenue at a decreasing rate?

Total output increases with additional employees, although at a slower rate. a stage of production where an increase in the labor force leads to a decline in labor's marginal product. With each new unit of labor added to the mix, a company with this will produce progressively less production.

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2 years ago

g A price ceiling that is set below the equilibrium price _____ . Group of answer choices causes suppliers to lose money creates

Allushta [10]

Answer:

creates a shortage

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.

Because price is set below equilibrium price, demand would outstrip supply and this would lead to a shortage

Effects of a 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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3 years ago