this table shows the supply and demand for socks. if the government imposes a price floor of $10, how many pairs of socks will be bought and sold on this market?
Answers
If the government imposes a price floor of $10, only 2 pairs of socks will be bought while 8 pairs of socks will be supplied, resulting in a surplus of 6 pairs of socks.
A price floor is a government-imposed minimum price that cannot be legally undercut. In this case, the price floor is set at $10. To determine the effects of the price floor, we need to compare the quantity demanded and supplied at this price.
At a price of $10, the quantity demanded is 2 pairs of socks, while the quantity supplied is 8 pairs of socks. Therefore, there is a surplus of 6 pairs of socks (8 - 2 = 6) in the market.
The surplus occurs because the price floor prevents the market from reaching the equilibrium price and quantity, which would be where quantity demanded equals quantity supplied.
Since the price floor is above the equilibrium price, some consumers who would have bought socks at the equilibrium price are no longer willing to buy at the higher price, leading to a decrease in quantity demanded.
At the same time, some producers who were not willing to sell at the equilibrium price are now willing to sell at the higher price, leading to an increase in quantity supplied.
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Complete question is:
This table shows the supply and demand for socks.
Price Quantity Quantity
Per Pair Demanded Supplied
$ 2 18 3
$ 4 14 4
$ 6 10 5
$ 8 6 6
$10 2 8
if the government imposes a price floor of $10, how many pairs of socks will be bought and sold on this market?
Related Questions
a change that is made in response to arising problems or opportunities is called __________.
Answers
Compare the sources of consumer credit travel and entertainment credit revolving check credit closed-end credit
Answers
Answer:
The source of consumer credit is credit obtained on services like banking, insurance and travel.
Explanation:
Source of consumer credit are savings, credit union, sales , life insurance and loans etc. Entertainment credit is a state provided naturla pension credit union its controlled by the members. Is a loan or a form of credit, where the fund is dispersed in full when the loan is closed and must be given back.which characteristic would concern an auditor about the risk of material misstatements arising from fraudulent financial reporting
Answers
Based on the information given, the characteristic that would concern the auditor is professional skepticism.
It should be noted that professional skepticism simply means an attitude that includes an questioning mind and the critical assessment of an audit evidence.
Professional skepticism would concern an auditor about the risk of material misstatements arising from fraudulent financial reporting.
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How do you calculate marginal cost from production cost?
Answers
marginal cost The difference in total production costs caused by creating or producing one extra unit is known as the marginal cost in economics.
Divide the variation in production costs by the variation in quantity to determine marginal cost. In managerial accounting, the idea of marginal cost is crucial because it may be used to maximize production through economies of scale within an organization. The overall costs involved in producing an additional good are what is referred to as the marginal cost. Therefore, it can be evaluated by changes in the costs associated with each extra unit. Because a corporation seeking to maximize profits will only create until marginal cost (MC) equals marginal income, marginal cost is a key concept in economic theory.
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Poitioning" i a marketing management aid that refer to: _________ A. How cutomer think about propoed and/or preent brand in a market
Answers
Positioning is a marketing management tool that describes how consumers perceive existing and/or potential brands in a certain market. So, the suitable option will be option (a).
Give a brief account on marketing management.Marketing management applies economics and competitive strategy techniques to analyze the business environment in which the organization works. Marketers use SWOT analysis to focus on the relative competitive strengths and weaknesses of each competitor in the market as they create extensive profiles of each competitor. Marketing managers will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.
Market and marketing research are frequently conducted by marketing management in order to undertake marketing analysis. Although there are many techniques used by market researchers, the following are some of the most common ones :
Focus groups and different kinds of interviews are examples of qualitative marketing research.statistics surveys are examples of quantitative marketing research.experimental methods, including test marketsTechniques of observation like ethnographic (on-site) observationTo know more about, marketing management, visit :
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The complete question is mentioned below :
"Positioning" is a marketing management aid that refers to: ______
A) how customers think about proposed and/or present brands in a market.
B) a product's ability to provide both immediate satisfaction and social responsibility.
C) how a firm approaches customer relationship management.
D) a firm's ability to distribute products through intermediaries who are in the right position to reach target customers.
E) all of these alternatives are true.
In addition to the desire to own a product, demand includes the desire, willingness, and ability to buy the product.
Answers
Answer:
True
Explanation:
Demand refers to the volume of a good or service that buyers are willing and able to purchase at a certain price over a period. It means that customers should be willing to buy and have the financial ability to pay for the goods for the demand for a product to exist.
Demand for a good is affected by, among other things, customer's preferences and people's incomes. Customer preference is the willingness and the desire to get the product. People's income is the ability to pay.
Check My Wor
Compute the variances in dollar amount and in percentage. (Round to the nearest whole percent.) Indicate whether the variance is
favorable (F) or unfavorable (U).
Budgeted Income Amount $150.00
Actual Amount $120.00
Answers
Answer: The Answer Is
Dollar Variance $ 30
Percent varience 20%
F Or U which its U
Explanation: Hoped This Helped Thx For The Points!!
by what date must taxes be filed in the united states?
Answers
Answer:
april 15
Explanation:
its a direct question the isnt an explanation
depessed need someone to help me through a war
Answers
Answer:
Find the happy things in life :)
Answer:
what kind of war should i help you with ?
Help what’s the answer
Answers
Answer:
The demand increases.
Explanation:
This is because the price of the iPhone increases, so people are more inclined to buy from other businesses.
Conclusion about public companies and state owned enterprises task
Answers
Public company is a company that has the opportunity to sell all or a portion of the company to the public where state-owned enterprise serves as a legal entity that is created by a government.
What is public and state owned company?A public company can be described as the company that can sell all or a portion of itself to the public .
A state-owned company on the other hand is a legal entity which is been created by a government for the sake of commercial activities which is been run on government's behalf.
Therefore, Public company is a company that has the opportunity to sell all or a portion of the company to the public where state-owned enterprise serves as a legal entity that is created by a government.
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Which of the following is NOT Considered personal information?
O a) Social Security number
Ob) Date of Bith
Oc) Place of employment
O d) Credit card number
Answers
Answer: NOne of the above. Or C Place of employement
Explanation:
The personal information that does not consider is the place of employment.
The following things should be considered for personal information:
The number of social security.The date of birth.The credit card number.Personal information refers to the information that does not share with anyone as it is safe and secure data that should be kept with the person only.
Therefore we can conclude that the personal information that does not consider is the place of employment.
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Which is a positive reason for using a credit card to finance purchases?
Answers
On February 1, 2020, ABC Company factored receivables with a carrying amount of $700,000 to Agee Company. Agee Company assesses a finance charge of 3% of the receivables and retains 5% of the receivables. Relative to this transaction, you are to determine the amount of loss on sale to be reported in the income statement of Henson Company for February.
Assume that Herson factors the receivables on a with recourse basis. The recourse obligation has a fair value of $3,500. The loss to be reported is:_________
Answers
Answer:
$42,000
Explanation:
The computation of the loss to be reported is shown below:
As there are finance charge of 3% and retains 5% so the total percentage of loss is 8%
And, the carrying amount os $700,000
So, the loss i.e. to be reported is
= Carrying amount × total percentage of loss
= $700,000 × 8%
= $42,000
hence, the loss is $42,000
If a new shirt costs $34.99 and the sales tax is $2.10, the sales tax rate is?
Answers
Answer:
6%
Explanation:
sales tax 2.10 divided by shirt cost will give you the sales tax rate
2.10/34.99 = .0600 or 6%
Answer:
The answer is C) 6 percent
Explanation:
one of the primary goals of a good eprocurement system is to ensure efficient information transitions between the materials users, the purchasing personnel, and the suppliers. true false
Answers
True. One of the primary goals of a good e-procurement system is to ensure efficient information transitions between the materials users, the purchasing personnel, and the suppliers.
E-procurement is a digital trading process in which goods and services are bought and sold over the Internet. This process uses the vendor's closed system.
This means that only registered customers can use it and make use of it. Implementing e-procurement creates a direct link between suppliers and buyers and facilitates business-to-business (B2B) or business-to-consumer (B2C) processes such as emails, invoices, purchase orders, and quote optimization.
Helps streamline. As e-procurement is an online business activity, networked systems and web interfaces are used to operate the supply he chain.
The e-procurement process is a development in the 1980s that grew out of the introduction of Electronic Data Interchange (EDIT), a method of describing the transfer of data and information from one system to another.
Using EDI principles, electronic procurement allows companies to create online catalogs for their suppliers.
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I need Short Term, Med Term, and Long Term goals for a sports cleat business
Answers
Answer:
Short term: Try and sell the one pair of cleats that are used.
Med term: Try and sell Two pairs for a lower price like two pairs for $40
Long term: Try and sell all the cleats before you have to leave the store.
Explanation:
I like goals!
Budgeting for Needs Select your needs from your cash expenses. CASH Last Month Gas for car$120 Fast food$20 Movie tickets$30 Amusement park$115
Answers
The necessities would be last month's gasoline for the car, while the expenses would be fast food, movie and amusement park tickets.
What are needs and expenses?Needs are a term that refers to the goods and services that a person needs in a fixed way for their daily life, some examples are:
TransportationFeedingEducationOutfitLiving placeAmong othersAccording to the above, it can be inferred that car gasoline is a necessity because it is a means of transportation that we can use to go to our work or place of study.
On the other hand, expenses are the goods and services that are not necessary for our daily lives but that we acquire for leisure and entertainment purposes. For example:
Video gameCinemaTheaterMake-upToysSweetStreet foodAmong othersBased on the above, it can be inferred that movie tickets, fast food, and amusement park tickets are expenses.
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PLEASE
what is lean production? in details (GCSE) keywords.
Answers
Answer:
actually I am very sorry I didn't learn this I don't take business
Explanation:
Sorry would there be anything else I can help u with
What does indigenous technology mean?
Answers
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
What is the BEST way to stay organized? Person with a descriptive and correct one sentence answer will receive brainliest for their hard efforts.
Answers
Answer:
Jssjnsnss is a great place to work for and it is a great place to work for and it will help us out to the best of our experience as well as the best and fastest growing business in the
Answer:
watch your behavior to identify actions that contribute to the problem of being disorganized and commit to changing problem behaviors.
Explanation:
(or incorporate the most important organizing tasks into routines.)
the 3 possible strategies to strengthen the competitive approach are: group of answer choices stockholder satisfaction surveys offensive and defensive strategies vertical integration divestiture of all assets determine when to be a first mover/fast follower/late mover
Answers
The 3 possible strategies to strengthen the competitive approach are:
C. Surveys offensive and defensive strategies.
D. Vertical integration divestiture of all assets.
E. Determine when to be a first mover/fast follower/late mover.
As company, you should build some strategy to keep stabilization. A company's competitive strategy refers to the method to compete in the business areas the company operates. Competitive strategy can also states as how the company intends to make and hold a competitive advantage with respect to competitors.
The various of competitive strategy that you can follow, are:
Cost leadership strategy. Differentiation leadership strategy.Cost focus strategy. Differentiation focus strategy.The missing part in the question is shown below.
The 3 possible strategies to strengthen the competitive approach are: group of answer choices
A. Stockholder.
B. Satisfaction.
C. Surveys offensive and defensive strategies.
D. Vertical integration divestiture of all assets.
E. Determine when to be a first mover/fast follower/late mover.
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Losses due to accidents at an amusement park are exponentially distributed. an insurance company offers the park owner two different policies, with different premiums, to insure against losses due to accidents at the park. policy a has a deductible of 1.44. for a random loss, the probability is 0.640 that under this policy, the insurer will pay some money to the park owner. policy b has a deductible of
d. for a random loss, the probability is 0.512 that under this policy, the insurer will pay some money to the park owner. calculate
d.
Answers
1.Why do you think we tend to ignore the messages or advertising that is out there?
2.Why does Godin argue that companies should market to early adopters?
3.Godin argues that the riskiest thing a company can do is be safe. What does he mean by this?
4.If you were marketing a product, what is one tip you could take from this video to help you
5.market the product? Discuss how you would use the tip to help your company.
6.What happened with Greenpeace's whale naming campaign?
7.What lesson can we learn about marketing from this example?
8.Think about a business idea that you have. How could you use social media for this business?
Answers
Explanation:
1. We are bombarded with lots of advertisement that is beyond our comprehension as consumers because we already have working solutions at our disposal.
2. He believes this group of people are more curious about getting acquainted with new ideas and products.
6. They were successful. This was a campaign against whaling expedition, however an online voting campaign began on social media to name the whale in hopes of creating publicity so that the Japanese government would ban whale expeditions. It proofed successful after the campaign went viral and a ban was effected.
7. It shows the power of social media in motivating people towards a good cause.
8. Pictures play a role in catering services businesses. Thus, social media sites which allows photo sharing can be a great help in marketing confectioneries.
what is the estimated change in the company’s net operating income if it can increase sales volume by 550 units and total sales by $2,200?
Answers
To estimate the change in net operating income resulting from an increase in sales volume and total sales, we need to use the contribution margin ratio. The contribution margin ratio is the percentage of each sale that contributes to covering fixed expenses and generating profit.
To calculate the contribution margin ratio, we divide the contribution margin (the amount by which each unit sold exceeds variable costs) by the selling price. We can then use this ratio to estimate the change in net operating income resulting from an increase in sales.
Assuming a constant contribution margin ratio, we can estimate the change in net operating income as follows:
Calculate the current contribution margin ratio:
contribution margin ratio = (selling price - variable cost per unit) / selling price
Use the contribution margin ratio to calculate the current contribution margin per unit:
contribution margin per unit = selling price x contribution margin ratio
Multiply the current contribution margin per unit by the current sales volume to get the current total contribution margin.
Add the current total contribution margin to the fixed expenses to calculate the current net operating income.
Calculate the new total sales:
new total sales = current total sales + $2,200
Calculate the new sales volume:
new sales volume = current sales volume + 550
Use the contribution margin ratio to calculate the new contribution margin per unit:
new contribution margin per unit = selling price x contribution margin ratio
Calculate the new total contribution margin:
new total contribution margin = new contribution margin per unit x new sales volume
Calculate the new net operating income:
new net operating income = new total contribution margin + fixed expenses
The estimated change in net operating income is the difference between the new and current net operating income.
Note that this calculation assumes that fixed expenses remain constant and that there are no other changes in costs or revenues.
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A job search should be treated like a full time job.
Please select the best answer from the choices provided
ОТ
OF
Answers
Answer:
The answer is True.
Explanation:
Got it correct on Edgen.
Answer:
true
Explanation:
Your friends' credit scores are 560, 675, 710, 590, and 640. Your credit score is 680. What is the difference between the average credit score of your friends and your credit score?
Answers
Answer:
mine is higher by 45 points
Explanation:
Average score is the total score divided by number of entries
Average credit score = 560 + 675 + 710 + 590 +640 / 5
=3175/5
=635
friends average credit score = 635
My credit score =680.
the difference = 680-635=45 credit points
my credit score is better by 45 points
Why would the U.S. Federal Reserve Chairman content that changes in monetary policy may have less of a positive impact than would fiscal policy changes on individuals and small businesses?
Answers
Answer:
i need help tooooooooooooo
A trading company acts like a ______, taking on much of the responsibility of finding markets while facilitating all marketing aspects of a transaction.
Answers
after failing to resolve a contract dispute with big corp., john decides to pursue a remedy in court. the first document john's attorney will file in court is called a(n): blank . multiple choice question.
Answers
The first document that John's attorney will file in court after deciding to pursue a remedy for a contract dispute with Big Corp. is the Complaint. A Complaint is a legal document that initiates a lawsuit and sets forth the claims and allegations of the party filing the lawsuit, which in this case would be John. Option A)
The first document that John's attorney will file in court after deciding to pursue a remedy for a contract dispute with Big Corp. is the Complaint. A Complaint is a legal document that initiates a lawsuit and sets forth the claims and allegations of the party filing the lawsuit, which in this case would be John. The Complaint outlines the facts of the case, identifies the parties involved, and states the legal basis for the claim against Big Corp. It serves as the official document that commences the legal action and notifies the court and the defendant (Big Corp.) of the claims being made against them.
The Complaint typically includes a request for relief or a specific remedy sought by John, such as monetary damages or specific performance of the contract. Once the Complaint is filed, the legal process begins, and Big Corp. will have an opportunity to respond and defend their position in court. Option A) is correct.
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Note Complete Question
What is the first document that John's attorney will file in court after deciding to pursue a remedy for a contract dispute with Big Corp.?
A) Complaint
B) Motion
C) Answer
D) Summons