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3 years ago

which is most likely the reason why policymakers would impose a a price ceiling on the market for coffee?

1 answer:

4 0

The reason for imposing the price ceiling is to prevent the producer/seller from taking advantage of the consumer.

Price ceiling refers to an economic tools used by policymaker to mandate a maximum price that the seller must charge for sales of a product or service.

Price ceiling serves as a tool to prevent the producers from exploiting the consumers.

The price ceiling are imposed by the policymaker to prevent producer or seller of coffee to have price advantage of its sales to the coffee consumers.

Therefore, in conclusion, aim of preventing exploitation of consumer is the reason of imposing price ceiling on coffee market.

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How does the internet help consumers make well-informed decisions?

Rasek [7]

Because the internet make it so much easier for consumers to do research before making decision.

Through the internet, the consumers could know the credibility of a certain product by reading past experiences of other consumers that have used it before. Not only that, the consumers might know the side effects of the product which might be intentionally hidden by the producer.

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3 years ago

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A monopoly exists when _____ provides a good or service.

marishachu [46]

A company controls the market for a good or service

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3 years ago

What are some major factors that have contributed to the recent increase in the number of lawsuits against auditors and the size

telo118 [61]

Answer and Explanation:

There are several reasons why the number of lawsuits against auditors and the size of awards to plaintiffs has increased. Mainly, <em>Certified Public Accountant (CPA) firms are most likely to solve legal issues with companies in front of inaccuracies in audits without a judicial process</em> to avoid the fees, possible penalties they will have to take charge if found at fault. Thus, more lawsuits are created under that situation because those practices are not considered legal even if the plaintiff decides to come up to a resolution that way. This is because firms could still be operating unethically unless the law enforces laws in their operations.

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3 years ago

Due to My Amazing grades from Brainly my token of honor im doing another brainliest giveaway the last ones GOT DELETED by a girl

Sphinxa [80]

Answer:

can i have it

Explanation:

=0=0=00==0=0=0=0

7 0

2 years ago

Read 2 more answers

Goshford Company produces a single product and has capacity to produce 105,000 units per month. Costs to produce its current sal

Salsk061 [2.6K]

Answer:

Net income= $4,836,200

Explanation:

Giving the following information:

Offer:

21,000 units for $77.4

An increase in variable cost= $7.6 per unit

Direct materials $ 12.50 $ 1,050,000

Direct labor 15.00 1,260,000

Variable manufacturing overhead 14.00 1,176,000

Fixed manufacturing overhead 17.50 1,470,000

Variable selling and administrative expenses 14.00 1,176,000

Fixed selling and administrative expenses 13.00 1,092,000

Totals $ 86.00 $ 7,224,000

First, we need to calculate the effect on the income of accepting the offer:

Effect on income= 21,000*77.4 - 21,000*(12.5 + 15 + 14 + 14 + 7.6)

Effect on income= 1,625,400 - 1,325,100

Effect on income= 300,300

Net income= 84,000*140 + 300,300 - 7,224,000

Net income= $4,836,200

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3 years ago