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olchik [2.2K]
3 years ago
7

How are the short-run consequences of price ceilings on bread magnified in the long run?

Business
1 answer:
lawyer [7]3 years ago
7 0

Answer:

It will no longer exists.

Explanation:

In the long run, bread consumers will choose substitutes to the expensive bread offered in the black market. ... In the long run, the price ceiling will no longer exist as the government is forced to abolish it.

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The actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy.
dsp73
It seem like there are information missing on the question posted. Let me answer this question with all I know. So here is what I believe the answer is, <span>the actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy.</span>

Hope my answer would be a great help for you.    If you have more questions feel free to ask here at Brainly.
6 0
3 years ago
Month Maintenance Machine Health Number of Shipping Units
8_murik_8 [283]

Answer:

1. Variable cost = Shipping costs

Fixed cost = Health Insurance

Mixed cost = Maintenance costs

Shipping costs are variable because a unit shipped costs $3.60. The total shipping cost for each month varies according to the units shipped in the month.

Health Insurance costs are fixed as there is no change in cost notwithstanding the number of employees in each month.  The total health insurance cost remains the same every month.

Maintenance costs are mixed for each month, as there is a fixed element and a variable element.

2. Cost function for each cost:

Maintenance = $4,200 + $2.10 per machine hour

Health Insurance = $8,600

Shipping cost = $3.60 per unit

3. Cost function = $12,800 + $2.1m + $3.6s

where m = machine hours

and s =  units shipped

4. The total operating cost for the month

= $46,040

Explanation:

a) Data and Calculations:

Month     Maintenance Machine  Health   Number of  Shipping     Units

                     costs        Hours  Insurance  Employees   Costs    Shipped

January          4500       165         8600            68            25778       7160

February        4452       120         8600            75           29664      8240

March            4600       230        8600            92            28674      7965

April               4850        318        8600           105           23058      8405

May                5166       460        8600            89            21294       5915

June              4760       280        8600            87            33282      9245

July                4910       340        8600            93             31428      8730

August         4960       360        8600            88            30924       8415

September  5070       420         8600            95             25110     6975

October      5250       495         8600           102           25866      7185

November   5271        510         8600            97             20124    5590

December  4760       275         8600            94            34596     9610

Cost Function for each cost:

Maintenance cost:

                     Machine Cost

                        Hours

November         510    5271

February           120    4452

Difference       390      819

Variable cost = $2.10 (819/390)

Fixed cost = $4,200 ($5,271 - ($2.10*510))  

Health Insurance:

Fixed cost = $8,600

Shipping cost:

Variable cost = $3.60 per unit

Cost function = $4,200 + $2.10m + $8,600 + $3.60s

= $12,800 + $2.1m + $3.6s

February cost = $12,800 + $2.1(120) + $3.6(8240)

= $12,800 + $252 + $29,664

= $42,716

IF:

Machine hours = 400

Employees = 80

Shipped units = 9,000

The total operating cost for the month will be:

Cost function = $12,800 + $2.1m + $3.6s

= $12,800 + ($2.1 * 400) + ($3.6 * 9,000)

= $12,800 + $840 + $32,400

= $46,040

4 0
3 years ago
I.b. glowen is an engineer who works in nuclear power plants. he is considering starting his own engineering company. over the l
PIT_PIT [208]
<span>The corporation would be the most suitable for Mr. Glowen. This would shield him from liability in the event that something negative were to occur. The liability for any and all debts would be taken by the company and not by the person himself.</span>
5 0
3 years ago
In terms of the tax formula applicable to individual taxpayers, which of the following statements, if any, is correct?
creativ13 [48]

Answer:

The correct answer is a. In arriving at taxable income, a taxpayer must choose between the standard deduction and itemized deductions.  

Explanation:

In tax law, the tax base is the magnitude that results from the measurement of the taxable event. It is defined as the dimension or magnitude of an element of the objective budget of the taxable event that is judged as determining the relative contributory capacity.

In tax legal relations, the taxable event shows the existence of an economic capacity in the subjects, but for the tax to be applied, this fact must be assessed in some way, usually in monetary units.

The tax base is ultimately the magnitude that is used in each tax to measure the economic capacity of the subject, such that it is reflected in ceilings.

7 0
3 years ago
The terms of a business combination can provide that former shareholders of the acquired firm may receive additional compensatio
Art [367]

Answer:

No, they wouldn't.

Explanation:

Any extra compensation to former stockholders of an acquired company which is based on post-combination share price or post-combination profits cannot be recognized as adjustments in the price of business combinations.

The reason for this is that changes in the fair value of contingent consideration (in case something happens) after the company has been acquired, e.g. achieving certain profits or stock price, are not considered period adjustments, therefore they cannot be included in the cost of the business combination (acquisition).

5 0
3 years ago
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