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3 years ago

I NEED HELP ehl oh ehl

Business

1 answer:

Wittaler [7]3 years ago

3 0

The price ceilings and price floors are the two main types of price controls.

<h3>What is price controls?</h3>

A price control is a mechanism employed by government to ensure that the price of a product or service does not go to high or low in the marjet.

The two type of price control is price ceilings and price floors. The price ceiling is used to set a maximum amount of product rpice while the price floors set the minimum amount of product price.

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If the current exchange rate is 1 euro to 1.5 U.S dollars, according to the theory of purchasing power parity, a haircut that co

STALIN [3.7K]

Answer: (1) 10 euros (2) 15dollars

Explanation:

S= P1 /P2

where:

S= Exchange rate of currency 1 to currency 2

P1 = Cost of good X in currency 1

P2 = Cost of good X in currency 2

(1) s = 1.5, P1 = 15 dollars, P2 = ???

so,

1.5 = 15 / P2

P2 = 15/1.5 = 10 euros

Hence, according to the theory of purchasing power parity,

The price of a haircut that cost 15 dollars in Dallas will be 10 euros in Paris.

(2) S = P1/P2

taking 1 euro to 1.5dollars exchange,

1.5 = P1/P2 but P2 = 10 euros

hence P1 = 1.5 x 10 = 15 dollars.

Hence, according to the theory of purchasing power parity,

A wheel of French cheese that costs 20 euros in Paris should cost 15dollars in Dallas

4 0

3 years ago

Write the importance of professional education.

My name is Ann [436]

Explanation:

The aim of education is to make a person intelligent enough to make decisions logically, knowledgeable enough to take up a right career path and skilled enough to be self-supportive. ... Getting a professional education is important for shaping your career to move towards a right direction.

5 0

3 years ago

You are sitting around the fire at a lodge in Dillingham, Alaska, discussing a fishing expedition you are planning with your col

Orlov [11]

As indicated in the Preliminary Scope Statement, some of the potential risks associated with the fishing expedition are:

Risk of Water damage to equipment;
Risk of drowning
Risk of potential loss of fishing equipment. etc.

<h3>What is a Preliminary Scope Statement?</h3>

A Preliminary Scope Statement is a written or documented statement that highlights the significance and level of a project as well as its objectives.

When writing a Preliminary Scope Statement, the goals or objectives have to be itemized in a manner that is:

Easy to understand
Actionable; and
Measurable.

Learn more about the Preliminary Scope Statement at:
brainly.com/question/15195620

#SPJ1

6 0

2 years ago

Three years ago shawheen deposited 5,000 in a savings account

krek1111 [17]

what's the question???????

8 0

3 years ago

In 2012, Teller Company sold 3,000 units at $300 each. Variable expenses were $210per unit, and fixed expenses were $120,000. Th

katrin [286]

Answer:

Teller's break-even point in sales dollars for 2012 is $400,000

Explanation:

The formula to compute the break even point in dollars is shown below:

Break even point (in dollars) = (Fixed expenses) ÷ (contribution ratio)

where,

Fixed expense is $120,000

And, the contribution ratio equals to

= (Contribution per unit) ÷ (sales per unit) × 100

where,

Contribution is = Selling price - variable cost per unit

= $300 - $210

= $90 per unit

Now put the values to the above formula

So, the ratio would be

= ($90 per unit) ÷ ($300 per unit) × 100

= 30%

Now put the values to the above formula

So, the value would be

= $120,000 ÷ 30%

= $400,000

4 0

3 years ago