If the government removes a binding price floor from a market, then the price received by sellers will Group of answer choices decrease, and the quantity sold in the market will decrease decrease, and the quantity sold in the market will increase increase, and the quantity sold in the market will decrease. increase, and the quantity sold in the market will increase.
Answers
Answer:
decrease, and the quantity sold in the market will decrease decrease,
Explanation:
Price floor is set by the government or an agency of the government and it is the minimum price that a good or service must be sold.
A price floor is binding if it is set above equilibrium price.
If a binding price floor is removed, price would fall back towards equilibrium and the quantity sold would decrease.
The fall in quantity supplied is in line with the law of supply which says the higher the price, the higher the quantity supplied and the lower the price , the lower the quantity supplied.
I hope my answer helps you
Related Questions
Customers today demand service that is what?
Answers
Customers today demand services that are comparable to the kinds and quantities of goods and services which people will purchase, or would purchase, if they were offered.
Why is demand important?Demand is the term used to describe a consumer's desire and desire to purchase a good or service at a specific time or over time. In accordance with their budget for discretionary spending, consumers must also be able to afford the items they want or need.
What's the process of a demand?Consumer spending, public and private business investment, and the balance of imported and exported goods are all added together to compute aggregate demand. The equation AD ≈ C + I (+ G + Nx is used to represent it. The following are the aggregate demand's constituents: C stands for consumer expenditures on services and goods.
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suppose an economy is operating above full employment. which of the following fiscal policy actions and resulting changes in aggregate demand will move the economy back towards full employment?
Answers
A fiscal policy actions and resulting changes in aggregate demand will move the economy back towards full employment is increasing taxes, which will shift the AD curve leftward.
The desire for all final products and services generated in an economy is measured as aggregate demand. The entire amount of money spent on those products and services at a certain price point and period is referred to as aggregate demand.
Consumption, investment, government expenditure, and net exports are the total of four components that make up aggregate demand. Consumption can alter for a variety of reasons, such as changes in income, taxes, expectations for future income, and changes in asset levels.
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5. Your light bulb manufacturer pre-sells about 75% of their product. The remainder of the finished stock is stored in a warehouse that they own. There
loss to the warehouse and all the unsold finished stock is destroyed. How is this covered?
Manufacturers Selling Price Endorsement
Business Income
Commercial Property
Contingent Business Interruption
4
Answers
The coverage for the loss of the warehouse and unsold finished stock would typically fall under the Commercial Property insurance policy. The correct option is C.
Commercial property insurance covers physical loss or damage to a company's assets, such as its buildings, contents, and inventory. There are various coverage alternatives available for this situation within the Commercial Property policy. It's possible that the manufacturer has a policy endorsement referred to as "Manufacturers Selling Price Endorsement" or "Selling Price Endorsement." This endorsement does not cover the cost of manufacture or market value, only the loss of finished items or products at their selling price.
Thus, the ideal selection is option C.
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Chloe’s Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.80 for 2,800 and $0.75 for 5,600. Required: If the total cost function for croissants is linear, what will be the average cost to bake 4,800?
Answers
What will be the average cost to bake 4,800 is $0.76
First step is to determine the total cost
Total cost at 2,800
=$0.80 ×2,800
=$2,240
Total cost at 5,600
=$0.75 × 5,600
=$4,200
Second step is to determine the Variable cost per unit
Variable cost per unit=$4,200-$2,240
Variable cost per unit=$1,960
Variable cost per unit=5,600-2,800
Variable cost per unit=2,800
Variable cost per unit=$1,960/2,800
Variable cost per unit=$0.70
Now let determine the average cost
Average cost=$0.70×4,800+[($0.80×2800)-(2,800 ×$0.70)]
Average cost=$3,360+($2,240-$1,960)
Average cost=$3,360+$280
Average cost=$3,640
Average cost =$3,640/4,800
Average cost=$0.76
Inconclusion What will be the average cost to bake 4,800 is $0.76
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"Justin Company currently produces and sells 4,000 units of a product that has a contribution margin of $6 per unit. The company sells the product for a sales price of $20 per unit. Fixed costs are $18,000. The company is considering investing in new technology that would decrease the variable cost per unit to $6 per unit and double total fixed costs. The company expects the new technology to increase production and sales to 9,000 units of product. What sales price would have to be charged to earn a $90,000 target profit assuming the investment in technology is made?"
Answers
Answer:i dont know
Explanation:
Which of the following is a proper control for the detection of unusual sales transactions recorded in the general ledger?
a. Electronic authorization prior to posting.
b. Use of sequentially numbered sales documents.
c. Random statements to customers.
d. Review of transactions by upper management or the board.
Answers
Option (d), The board or senior management reviewing transactions is an appropriate control for finding anomalous sales transactions recorded in the general ledger.
A management review control in SOX is defined as what?One of the necessary internal controls listed by the Sarbanes-Oxley Act of 2002 is management review controls (MRCs) (SOX). In order to examine crucial financial data and assess whether it is fair and correct, management of a firm performs MRCs.
In terms of management review controls, are reconciliations included?Account reconciliation is, in my opinion, the most important management review check. Spending time up front on each significant account reconciliation's design will pay off in the long run.
The significance of a management assessment of controls should be taken into account by the audit committee.Administration Review Controls are important because they are required for an effective control environment. A wide variety of financial records are examined as part of MRCs; some examples include: Comparison analysis. look over the journal's entries.
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What are the main purposes of regulatory policies? Check all that apply.
Oto protect constitutional rights, safety, and fairness
Oto give producers an advantage over consumers in order to protect profits
to ensure that property rights are protected
to create regulation in a mixed-market economy only when needed
to allow producers and consumers to interact freely with no government interference
Answers
The main purposes of regulatory policies are:
A. To protect constitutional rights, safety, and fairness.
C. To protect profits to ensure that property rights are protected.
D. To create regulation in a mixed-market economy only when needed.
What are regulatory policies?Governments create regulatory policies to put rules and limitations on particular actions or behaviors. Regulation is a notion in governance as well as a set of regulating norms.
Regulatory measures include, for instance, removing lead from gasoline, setting worker minimum salaries, and mandating airbags in all automobiles.
Thus, options a, c and D are correct regarding the purpose of regulatory purpose.
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What is a learning outcome for sales
Answers
Answer: A Learning Outcome (LO) is a measurable, observable, and specific statement that clearly indicates what a student should know and be able to do as a result of learning. Well-written learning outcomes involve the following parts: Action verb. Subject content.
Explanation: Children have a strong sense of identity.
Children are connected with and contribute to their world.
Children have a strong sense of wellbeing.
Children are confident and involved learners.
Children are effective communicators.
How to get a series 7 license
Answers
Take and Pass SIE exam
Secure a Sponsorship
Study for series 7 exam
Pass it :)
Holloway Company earned $6,800 of service revenue on account during Year 1. The company collected $5,780 cash from accounts receivable during Year 1. Required Based on this information alone, determine the following for Holloway Company. (Hint: Record the events in general ledger accounts under an accounting equation before satisfying the requirements.) (Enter any decreases to account balances with a minus sign.) a. The balance of the accounts receivable that would be reported on the December 31, Year 1, balance sheet. b. The amount of net income that would be reported on the Year 1 income statement. c. The amount of net cash flow from operating activities that would be reported on the Year 1 statement of cash flows. d. The amount of retained earnings that would be reported on the Year 1 balance sheet.
Answers
The further discussion can be defined as follows:
For point A:Calculated to use this formulation is the account receivable
reported on the balance sheets
Using formula:
Admissible Accounts
For point B:The reported net income is revenue from services of \(\$18,000\)
For point C:The reported net cash flow from operations is \(\$14,000\) in
cash from accounts receivables in 1 year.
For point D:Reclaimed revenues are \(\$18,000\) representing the amount of net
income transferred to the retained income account.
So, the final answer is "$4,000, $18,000, $14,000, and $18,000".
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examine the value of interactive leadership in the public sector and demonstrate its capacity to empower the followers
Answers
The correct answer to this open question is the following.
The value of interactive leadership in the public sector can be seen in the efficiency and effectiveness of the work done by the cabinet of the executive branch. Many different departments and public offices are managed using interactive leadership, informing employers of what needs to be done and the reason why.
Interactive leadership has the capacity to empower employers because it maintains open lines of communication, informing about key activities that need to be done, clarifying goals, establishing strategies, and facilitating the tools to perform and be effective.
The public sector is comprised of what is known as the bureaucracy, and in order to coordinate and lead this public sector, leaders have to properly interact with employers. These employers can openly and honestly express their concerns and opinions to the leader, who takes into consideration this input. The great advantage of using interacting leadership is that people know what is expected of them.
Which of the following is true if you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels?
Answers
If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.
Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.
This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.
After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.
The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public
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A colleague has an appointment scheduled for 10:00am to see your Manager. Unfortunately, he is not in the office when the colleague arrives, and you do not know where he is or how long he will be. How will you handle this situation? (4)
Answers
Answer:
I will go to my office and sit
Whats the difference between a debit card and a credit card ? ( PLEASE GIVE LARGE EXPLANATION )
Answers
Answer:
The main difference between a debit card and a credit card is that a debit card withdrawals money from your current account balance while a credit card allows you to borrow money that is to be paid back in the future. Immediate vs. Future Payment
Explanation:
I. A clinic encourages its customers to have their bond checked with the claim that one out
of four 60-year-old men need to be supplemented with glucosamine. If this is true, what is
the probability of the following events:
a. Two out of the next eight 60 year-old men need to be supplemented with glucosamine
b. Three out of the next 12 60 year-old men need to be supplemented with glucosamine
Answers
A clinic encourages its customers to have their bond checked with the claim that one out of four 60-year-old men need to be supplemented with glucosamine. If this is true, then the probability of the following events is Two out of the next eight 60 year old men need to be supplemented with glucosamine.
Glucosamine is a naturally occurring compound in the body. It is required for the formation and repair of cartilage as well as other body tissues.
Because glucosamine production slows in age, some people take glucosamine supplements to help them fight aging-related health issues like osteoarthritis. The majority of supplements are made from the shells of marine life, such as prawns and crabs.
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A contractor purchased a dozer for $180,000 and anticipates using it for nine years. The salvage value of the dozer at the end of the nine years is estimated to be $27,000. Using the straight-line method of depreciation accounting, determine the book value of the dozer at the end of each of the nine years.
Answers
The salvage value of the dozer at the end of year 1 is $163,000
The salvage value of the dozer at the end of year 2 is $146,000
The salvage value of the dozer at the end of year 3 is $129,000
The salvage value of the dozer at the end of year 4 is $112,000
The salvage value of the dozer at the end of year 5 is 95,000
The salvage value of the dozer at the end of year 6 is 78,000
The salvage value of the dozer at the end of year 7 is 61,000
The salvage value of the dozer at the end of year 8 is $44,000
The salvage value of the dozer at the end of year 9 is $27,000.
What is the book value of the dozer?Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
(180,000 - $27,000) / 9 = $17,000
Book value = cost of the asset - depreciation expense
Year 1 = $180,000 - $17,000 = $163,000Year 2 = $163,000 - $17,000 = $146,000Year 3 = $146,000 - $17,000 = $129,000Year 4 = $129,000 - $17,000 = $112,000Year 5 = $112,000 - $17,000 = 95,000Year 6 = 95,000 - $17,000 = $78,000Year 7 = $78,000 - $17,000 = $61,000Year 8 = $61,000 - $17,000 = $44,000Year 9 = $44,000- $17,000 = $27,000To learn more about straight line depreciation, please check: https://brainly.com/question/6982430
what economic system does Zambia use?
Answers
Answer:
Zambia has a mixed economy in which there is a variety of private freedom, combined with centralized economic planning and government regulation.
Explanation:
What is a country that wants to increase its per capita GDP trying to achieve?
A. It wants to prevent its currency from gaining or losing value too
quickly.
B. It wants to increase its economic productivity per person in the
country.
C. It wants to reduce the number of people who can't find a job.
D. It wants to lower the value of goods and services it produces.
Answers
Answer: B
Explanation: taking the test rn and I got it right
It wants to increase its economic productivity per person in the is country that wants to increase its per capita GDP trying to achieve. Thus, option B is correct.
What is per capita GDP?By dividing a country's GDP by its community, the GDP is a budgetary method of quantifying the productive capacity per human in a country and people. Sector's contribution by all growers who are residents of the economy combined with any brand taxes that are not factored into yield valuation makes up GDP per capita.
The goal of the nation seeking to enhance its per population GDP is to enhance its economic production per person. Average earnings rise as a result of sustained expansion, which is also closely related to decreasing poverty.
A fundamental estimate of the production value of every person is provided by GDP per capita, it serves as an additional measure of per capita. GDP as well as GDP per capita expansion are seen as wide
Therefore, option B is the correct option.
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whan deciding how to invest your money which of the following is least important to know
Answers
When deciding how to invest your money, it's essential to consider several factors such as risk tolerance, investment goals, and time horizon.
However, the least important factor to know is probably the short-term market fluctuations.
Short-term market fluctuations refer to the daily ups and downs in the stock market or other investment platforms. While it can be tempting to focus on these fluctuations, they are generally not indicative of long-term performance and can lead to emotional, impulsive decisions that may not align with your investment strategy. Instead, it's more important to focus on factors that contribute to long-term growth and stability.
A sound investment strategy takes into account your risk tolerance, which is your ability and willingness to withstand potential losses. Additionally, clearly defined investment goals help you create a tailored plan that considers your specific objectives, such as saving for retirement or funding a child's education. Your time horizon, or the length of time you plan to invest, also plays a significant role in determining suitable investment options.
By prioritizing long-term factors like risk tolerance, investment goals, and time horizon, you can make more informed decisions that will ultimately lead to better financial outcomes. Remember that short-term market fluctuations can be distracting and are less important in the grand scheme of your investment journey.
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Leaders who function primarily by clarifying role and task requirements to accomplish established goals exhibit a(n) ________ style of leadership.
A) transformational
B) transactional
C) charismatic
D) laissez-faire
E) employee-oriented
Answers
Leaders who function primarily by clarifying role and task requirements to accomplish established goals exhibit a charismatic style of leadership.
Who is a Leader?Throughout history, there had been numerous leaders who were also cruel and destructive. So are they still considered leaders? A leader, in my opinion, is someone who does more than merely guide others. They must be motivated by the proper factors and have a positive influence on others around them.
A director has the ability to can see just how things may be made better and motivates others to work toward that vision. Leaders may endeavor to realize their goals while prioritizing people. To succeed, leaders must be empathic and able to establish connections with others. Simply being able to encourage others is not enough. Leaders don't always have to share so same upbringing or travel that very same road.
The fact that future politicians will become more varied will provide a range of opinions. Naturally, some could disagree with my definition. The most crucial factor is that organizational definitions of leadership are shared within.
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What is the best source of information to use when purchasing a new car?
O Social media posts
O Car salesman on the lot
O Advertisement in a car magazine
O Unpaid reviews on reputable car sites
Answers
social media spreads lies, car salesman might lie about the car in order to make a sale, and an ad will do the same.
Option D. Unpaid reviews on reputable car sites
What sources of information do you have about cars?Awards and rankings. There are many awards and many websites publish rankings of vehicles in different categories.
NHTSA or IIHS. These two organizations evaluate the safety of new cars.
Government website.
Understanding how a car works can help you drive more safely, reduce the risk of accidents, and extend the life of your car. For example, if you know how brakes wear over time, you can identify signs of wear early and replace them before increasing the risk of brake failure.
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Take a real business activity example and relate with the concept of commission depreciation and simple and compound interest rate?
Answers
Answer & Explanation: Commission: This is a percentage earned on total sales. Using a health insurance company as an example, brokers earn commission on premium received by the company.
Depreciation: This relates to the wear and tear of an asset. The health insurance company fixed assets such as motor vehicle, furniture and equipments will be depreciated and expensed periodically.
Simple and compound interest rates: Simple interest rate is a rate charged directly on the principal amount deposited. If the health insurance company decides to invest in fixed income or call deposits with a bank for a period of 1 year. The bank can put a specific rate that will be paid to the company as an interest earned.
Compound interest rate on the other hand is beneficial to the financier. It is a rate charged on both the principal amount and the interest earned. For instance if the company decides to take a loan with the bank, the bank can charge a compound interest rate.
DO
include a signature.
Don't
include lots of exclamation marks to get your point across.
DO
include the thread of previous messages.
Do
make e-mail messages brief.
Don't
mark messages as urgent so your e-mails will be read first.
Do
use a relevant subject line.
Do
use all capital letters when the message is urgent.
Answers
Answer:ok
Explanation:
As you learned in the video, there is no specific age requirement to pay taxes.
Why, then, do you think there is a lack of awareness and general knowledge
about taxes among teens?
Answers
There could be several reasons why there is a lack of awareness and general knowledge about taxes among teens. One reason could be that taxes are not typically taught in schools, especially at the high school level. Another reason could be that teens may not have had any experience with earning income or paying taxes yet, so they may not see the relevance of learning about taxes. Additionally, taxes can be a complex and confusing topic, which can make it difficult for anyone, including teens, to understand. Finally, some teens may simply not be interested in learning about taxes until they are required to file their own tax returns.
One reason why there might be a lack of awareness and general knowledge about taxes among teens is that tax education is not typically taught in schools. Many schools do not offer personal finance or economics courses, and even when they do, the focus is often on basic concepts like budgeting and saving rather than complex topics like tax laws and regulations.
Another reason could be that teens may not have started earning enough income to be required to file taxes. As a result, they may not see taxes as relevant to their lives, and may not take the initiative to learn about the subject.
Additionally, the tax code can be complex and difficult to understand, even for adults. This complexity can make it challenging for teenagers to learn about taxes on their own, especially if they do not have access to resources like tax professionals or online educational materials.
Fair Oaks Farms’ manure management, specifically the use of cow manure to power their facilities and fuel their milk tankers, is most closely related to which source of competitive advantage?
Answers
Answer:
Natural resources
Explanation:
Im not quite sure what your asking but if im right I think they have the competitive advantage of natural resource which would be the cow poop/manure that theyre using to power there facilities and fuel milk tankers.
sorry if im wrong
Fair Oaks Farms’ manure management, specifically the use of cow manure to power their facilities and fuel their milk tankers, is most closely related to sustainability management.
What is sustainability management?Sustainability management is a management discipline which embraces corporate strategies, operational capabilities, competencies, behaviours and cultures. The focus is on the products, services and the enterprise.
The supply chain is also the focus. The goal is to bring optimal balance to the performance of the organisation. It also aims to improve economic, environmental and social outcomes.
It is basically the production or consumption to minimize the impact on the environment and maximize the conservation of resources and their reuse.
The depletion and degradation of our natural resources is the reason why this is a much-needed and should also be a much-utilized idea.
Therefore, Fair Oaks Farms’ manure management, specifically the use of cow manure to power their facilities and fuel their milk tankers, is most closely related to sustainability management.
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Jane has discovered that she is bored and frustrated working for others. She wants to open a business where she alone will have control as the single owner and she would experience the least interference from government regulation. Which form of business would best meet her needs?
Answers
Answer:
sole proprietorship
Explanation:
By far the most common type of business in the US is the sole proprietorship. Basically, Jane will be her own boss. She will be responsible and liable for all the business's obligations since a sole proprietorship is considered a pass through entity. That means that it doesn't exist by itself, and it is not taxed directly. Jane must report all the income and expenses from her business in her annual tax report.
NEED HELP ASAP
In the circular flow diagram with government, what does the government provide directly to firms?
A. expenditures
B. factors of production
C. taxes
D. goods and services
Answers
In the circular flow diagram, the government provides goods and services directly to firms. The correct option is D.
In the circular flow diagram, the government provides goods and services directly to firms. This is represented by the flow of resources from the government sector to the business sector.
The government plays a significant role in the economy by providing public goods and services that are necessary for the functioning of the society as a whole.
Public goods include infrastructure projects like roads, bridges, and public utilities, as well as services such as defense, law enforcement, and education.
These goods and services are not typically provided by private firms, so the government steps in to ensure their provision.
By supplying goods and services directly to firms, the government facilitates the production process and supports the overall functioning of the economy.
This enables businesses to operate efficiently and effectively, contributing to economic growth and development.
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When must you wash your hands
Answers
Answer:
Before, during, and after preparing food. Before and after eating food. Before and after caring for someone at home who is sick with vomiting or diarrhea. Before and after treating a cut or wound.
wash your hands before and after always and preferably with antibacterial soap
Which best explains why there are many job opportunities in the Lodging pathway?
Answers
Answer:
The pathway includes low-paying jobs.
Explanation:
Edge2021
What are the global implications for the product or service you are marketing? What are the global implications of your marketing strategy and recommendations? “Rockstar video games”
Answers
Answer:
The global implications for the product or service you are marketing is explained below in complete details.
Explanation:
The principal involvement of a marketing maneuvering is the familiarization approaching gathering customer requirements that appears in enhanced customer fulfillment and satisfaction. ... Such a marketing maneuvering is intended to achieve and to grow new customers as you develop a more agreeable character.