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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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For each of the scenarios below, determine whether the employer is likely to be discriminating against a person because of age:
barxatty [35]

Answer and Explanation:

In the U.S., the Equal Employment Opportunity Commission (EEOC) is the authority protecting individuals from discrimination at work in any kind because of <em>race, gender, age, religion, ethnicity, nationality, language, sexual orientation, impairment</em> differences or any other type of unfair treatment not related to work itself.

Age discrimination could take place when certain groups of individuals are valued more than others because of their youth or because their white hair represents experience. In any situation, unequal opportunities are given which must be sanctioned. Thus:

A) A young lawyer who just finished work on a multimillion-dollar development deal downtown is hired by an economic development firm in lieu of an older lawyer who works on litigation.  

<em>This example does not represent discrimination because the election is based on performance rather than age. </em>

B) A large retail outlet hires a 30-year-old woman to greet customers instead of an 80-year-old woman who has been greeting customers in other stores for a decade.  

<em>This example reflects discrimination because a younger woman is hired mainly based on her age rather than her expertise. </em>

C) The owner of a local, hip smoothie bar in a university town just fired a graduate student who had worked at the bar for three years and instead hired a college sophomore.

<em>This example represents discrimination since a younger student is hired to replace another student who was in the last year of university.</em>

3 0
3 years ago
Taylor Systems has just issued preferred stock. The stock has a 10​% annual dividend and a $ 110 par value and was sold at ​$119
shutvik [7]
Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 12 % annual dividend and a $100 par value and was sold at $97.50 per shar
4 0
3 years ago
If a nation has a comparative disadvantage in the production of some commodity: Group of answer choices it cannot gain from inte
vazorg [7]

Answer:

it can still gain from international trade in that commodity, by getting it at a lower opportunity cost than if it produced it domestically.

Explanation:

A country has comparative disadvantage in production if it produces at a higher opportunity cost when compared to other countries.

The country with a  comparative disadvantage can gain from trade by trading the good with a country that has  comparative advantage in the production of that good. i.e. the country produces at a lower opportunity cost

For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.  

for country A,  

opportunity cost of producing beans = 5/10 = 0.5

opportunity cost of producing rice = 10/5 = 2

for country B,  

opportunity cost of producing rice = 5/10 = 0.5

opportunity cost of producing beans = 10/5 = 2

Country B has a comparative disadvantage in the production of beans and country A has a comparative disadvantage in the production of rice

Country B should buy beans from A and A should buy rice from B

7 0
3 years ago
Departmental Overhead Rates Lansing, Inc., provided the following data for its two producing departments:
QveST [7]

Answer and Explanation:

The computation is shown below:

1. Overhead rates

For Molding Deptt

= Total Estimated overhead ÷ Total Machine hours

= $400,000 ÷ 5,000

= $80 per machine hour

For Polishing Deptt

= Total Estimated overhead ÷ Total Labor hours

= $80,000 ÷ 20,000

= $4 per machine hour

2. Overheads assigned to Form A is

= (80 × 3500) + (4 × 5000)

= $300,000

Overheads assigned to Form B is

= (80 × 1500) + (4 × 15000)

= $180,000

Now

Overhead cost per unit

Form A = $300,000 ÷ 30,000 = $10 per unit

Form B = $180,000 ÷ 50,000 = $3.6 per unit

4 0
3 years ago
On November 1, 2015, Elli Company declared a dividend of $3.00 per share. Elli Company has 20,000 shares of common stock outstan
Artemon [7]

Answer:

Option (b) is correct.

Explanation:

The Journal entries are as follows:

(i) On November 1, 2015

Retained Earnings [$3 × 20,000] A/c    Dr. $60,000

To Dividend Payable                                                   $60,000

(To record the declaration of dividend)

(ii) On November 30, 2015

Dividend Payable  A/c     Dr. $60,000

To cash A/c                                             $60,000

(To record the payment of dividend)

3 0
3 years ago
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