Answer:
I, II and III.
Explanation:
Price ceiling refers to the price control policy that is used by the government to protect the customers who are not able afford goods at the prevailing price.
If government of a nation sets a price ceiling below the equilibrium price level then this will increase the quantity demanded for the product because now goods become more affordable to the consumers and decreases the quantity supplied because it will become less profitable for the producers.
Hence, the demand for goods exceeds the supply of goods, this will create a shortage of goods in an economy.
Answer:
Pricing can vary for each customer.
Explanation:
Under the B2B, the manufacturer sells its products directly to other businesses such as wholesalers or retailers and not the end consumers.
Hence, pricing can vary for each customer in a business-to-business (B2B) e-commerce purchases because companies that are engaged in B2B are able to improve their performance and cut down the costs of procurement for goods and services.
Business to business (B2B) markets differ from Business to consumers (B2C) markets because salespeople personally call on business customers to a far greater extent than they do consumers.
Answer:
$27,500
Explanation:
Revenue from the sale of Product C = $36 × 2500
= $90,000
Cost to produce Product C = $14 × 2500
= $35,000
Revenue from the sale of Product M = $47 × 2500
= $117,500
Differential Total Net Revenue of producing Product M
= $117,500 - $90,000
= $27,500
This doesn't seem to be a question, but rather, a statement.
Answer:
b. 3,000
Explanation:
The computation of the Patent Amortization Expense in the first year is shown below:
= Legal fees to acquire a patent ÷ estimated useful life
= $30,000 ÷ 10 years
= $3,000
Only the legal expense would be amortized in a year.
And, the lesser period of legal life i.e 20 years and useful life i.e 10 years would be taken in the computation part. So, the lesser time period would be considered i.e useful life of 10 years
