Answer:
Option a and b
Option C
Explanation:
A . In simple words, price control refers to the limits on the rates that can be paid for good and services produced in a marketplace that are set up and imposed by central govt.
The purpose behind these restrictions may derive from the need to preserve the availability of products even through skills shortages, and to further delay inflation, or, instead, to help ensure a guaranteed minimum income as well for manufacturers of such products or to seek to obtain a decent living wage.
B. In simple words, due to printing of new currency the supply of money ion the market would increase which will lead to inflation in the economy which will further lead to loss in value of the existing money in hand on the individuals.
The true answer is a master's degree.
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
Since profit per unit is more in Finished bookcase, book cases shall be finished and then sold.
Additional profit per unit on finished book cases in comparison to unfinished book cases = $17.85 - $12.24 = $5.61 per unit.
Explanation:
Provided, current profit per unit = Selling price - Total cost = $59.37 - $37.59 - $9.54 = $12.24
This is calculated to know the current profit per unit, without furnishing the bookcase.
In case, the bookcase is furnished then the cost will increase by $5.64 per unit.
That is total cost per unit = $37.59 + $9.54 + $5.64 = $52.77
Revised selling price = $70.62 for each finished unit
Therefore profit pr unit on finished bookcase = $70.62 - $52.77 = $17.85
Since profit per unit is more in Finished bookcase, book cases shall be finished and then sold.
Additional profit per unit on finished book cases in comparison to unfinished book cases = $17.85 - $12.24 = $5.61 per unit.
Closely associated with short-run ups and downs of economic
