Answer:
A quantity demanded of spaghetti sauce decreases, and the quantity of spaghetti sauce that firms want to supply increases.
Explanation:
A price floor is usually set by a government or an agency of the government. It is the lowest price that can be charged for a good or service. For a price floor to be effective, it should be higher than the equilibrium price.
If the equilibrium price is $3 and the price floor is $4, the quantity demanded falls because spaghetti sauce becomes more expensive. This is according to the law of demand which says the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
The quantity supplied increases when the price floor is set to $4. This is according to the law of supply which states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
A price floor leads to a movement along the demand and supply curve and not a shift.
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Answer:
C. is higher than the market wage and tends to increase productivity.
When the savings and loan industry collapsed in the 1980s, all of the big accounting firms, except for Arthur Andersen, experienced heavy losses because of their liability for audit work on the collapsed financial institutions.
<h3>What caused the
industry collapse in the 1980s?</h3>
The early 1980s recession was responsible for the collapse of most industries in the 1980s. The recession was a serious economic recession that affected the world in the early 1980 and early 1983, and it was the most severe recession since World War II.
The main factor that lead to the recession was the 1979 energy crisis which was caused by the Iranian Revolution which caused a disruption to the global oil supply and saw oil prices rising sharply in 1979 and early 1980. This rise in oil prices pushed up the rates of inflation in several to new double-digit highs and caused economy problems.
However, during the period when the savings and loan industry collapsed in the 1980s, all of the big accounting firms, except for Arthur Andersen, experienced heavy losses because of their liability for audit work on the collapsed financial institutions.
Read more about 1980s recession
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Answer:
And rounded to the nearest cent we got
Explanation:
For this case we can use the future value formula given by:
Where FV represent the future value
PV represent the present value $ 28500
i represent the interest rate of the annual raised in fraction i = 0.035
n =1 since represent the number of times that the interest is compounded in 1 year, and since the rate is yearly then n=1
t represent the number of years and for this case t=15
If we replace the values given we have:
And rounded to the nearest cent we got
They will be required to attend a substance abuse course.