assume a profit-maximizing monopoly and firms in a perfectly competitive market have identical cost and revenue conditions. in which market will a binding price ceiling result in a more efficient outcome and why?

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Answer 1

Assume that firms in a perfectly competitive market have identical cost and revenue conditions. The market in which a binding price ceiling will result in a more efficient outcome is perfect competition.

What does binding price ceiling mean?

Basically, price ceiling refers to situation in which the price charged is more than or less than the equilibrium price determined by market forces of demand and supply.

Under this, binding price ceiling occurs when government sets a required price on a good at a price below equilibrium. Since government requires that prices not rise above this price, then, that price binds the market for that good.

As government keeps the price artificially low, then, businesses will not produce enough of those goods to satisfy the market. This results in an insufficient supply of those goods, thereby, creating a shortage in those goods.

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Related Questions

cynthia's design studios had sales the last four months of $13,700, $15,400, $17,150, and $18,750. sales are related to how many designers cynthia has on-duty. the sales forecast helps her decide on the proper staffing levels. round your answers to the nearest whole number. what is the forecast for the fifth month using a two-period moving average?

Answers

the forecast for the fifth month using a two-period moving average is $17,950 at sales of $13,700, $15,400, $17,150, and $18,750.

To calculate the forecast for the fifth month using a two-period moving average, we need to take the average of the sales from the fourth and the third months.

Sales for the fourth month = $18,750

Sales for the third month = $17,150

Two-period moving average = (Sales for the fourth month + Sales for the third month) / 2

= ($18,750 + $17,150) / 2

= $35,900 / 2

= $17,950

Sales refer to the amount of revenue generated from selling goods or services to customers. Sales are an important metric for businesses to measure their performance and growth, and can be influenced by factors such as marketing, pricing, and customer demand.

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Explain the importance of leisure activities.

Answers

Answer:

leisure activities improve the productivity of people

Explanation:

if you feel stressed and then go to a water park, you will get less stressed right?

A grocer wants to make a mixture of three dried fruits. He decides that the ratio of pounds of banana chips to apricots to dates should be 5:2:2. Banana chips cost $1.28/lb, apricots cost $3.00/ln, and dates cost $2.62/lb. What is the cost per pound of the mixture?

Answers

Answer:

$1.96/lb

Explanation:

A grocer wants to make a mixture of three dried fruits.

The ratio of pounds of banana chips to apricots to dates is 5:2:2

Banana chips cost $1.28/lb

Apricots cost $3.00/lb

Dates cost $2.62/lb

The first step is to find the total number of pounds

= 5+2+2

= 9 pounds

Total cost can be calculated as follows

= 1.28(5) + 3(2) + 2.62(2)

= 6.4+6+5.24

= $17.64

Therefore, the cost per pound of the mixture can be calculated as follows

= 17.64/9

= 1.96

Hence the cost per pound of the mixture is $1.96/lb

outline 2 advantages to H&H of using secondary market research​

Answers

Answer:

Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable

question content area a company with working capital of $411,662 and a current ratio of 3.2 pays a $84,970 short-term liability. determine the amount of working capital immediately after payment.

Answers

The amount of working capital immediately after the payment would be $326,692. The working capital is calculated by subtracting current liabilities from current assets.

Given that the current ratio is 3.2, we can determine the current assets by multiplying it by the current liabilities. So, the current assets would be $411,662 x 3.2 = $1,317,958.

To calculate the current liabilities, we subtract the short-term liability payment of $84,970 from the current assets. Thus, the new working capital would be $1,317,958 - $84,970 = $1,232,988.

However, we need to consider that the working capital is the difference between current assets and current liabilities. So, the working capital immediately after the payment would be $1,232,988 - $906,296 = $326,692.

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Why might'some people still prefer manually saving their money
manually transfer or deposit money into their savings account?

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People prefer to do things the way they want. A lot or some people still prefer manually saving their money because;

They do not know much about banking or the importance of having a savings account.They need Emergency funds.So as to Keep track of their spending. Avoid using credit to pay one's bills

Why do people find it  difficult saving money? Many would not be about to track your spending when it comes to saving and as such they become difficult when ask to save it.

A lot of people do not want to pay the bank charges and so do not want to open an account. Many also are not aware of the importance of saving in a bank. Awareness to the people therefore will handle the issue of manual savings.

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zoom in and examine the locations of faults relative to cities housing, businesses, freeways, and development in general. how would you describe the level of seismic hazard in the bay area?

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The Bay Area is located in the seismically active region of California and is prone to earthquakes and other seismic activity.

Understanding the locations of faults relative to cities, housing, businesses, freeways, and development is key to assessing the potential level of seismic hazard in the region.

To provide an accurate assessment of seismic hazard, it is necessary to zoom in and examine the exact locations of the faults and how they are situated relative to the aforementioned structures.

By doing this, one can gain a better understanding of the seismic hazard present in the Bay Area and take the necessary precautions to protect against potential seismic activity.

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Judy and Nicolas are playing on the playground when, suddenly, Nicolas pulls Judy’s hair. She shouts “ouch” because even though the dead part that is grabbed can’t feel a thing, what is embedded at the base of the hair that register the pain?

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Answer:

When Nicolas pulls Judy's hair, the pain is registered in the nerve endings at the base of the hair follicles. These nerve endings are responsible for sensing touch and other stimuli, and when they are stimulated, they send a signal to the brain that is interpreted as pain. The hair itself does not have any sensation, as it is made up of dead cells, but the nerve endings at the base of the follicles are able to sense the pull and send a signal to the brain.

Explanation:

The goal of any exchange is that the parties to the transaction be?

Answers

The goal of a marketing exchange is to obtain something that is more desired than what is given up to obtain it. In other words, the gain exceeds the expenditures.

Fourth, the trade participants must be able to communicate with one another in order to make their valuable items available. For an exchange to take place, four conditions must be met: (1) Two or more individuals, groups, or organizations must participate, and each must own something of value that the other party desires; (2) the exchange must benefit or satisfy both parties involved in the transaction; (3) each participant must participate.

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what is product placement

Answers

Answer: A practice in which manufacturers of goods or providers of a service gain exposure for their products by paying for them to be featured in movies and television programs.

Explanation:

Explanation:

Product placement Is where a company or seller places a product In a certain location so that the consumer Is more apt to buy that product, such as a candy bar or pack of gum near the cash register, leading the consumer to an impulse buy.

Jacob is a member of WCC (an LLC taxed as a partnership). Jacob was allocated $170,000 of business income from WCC for the year. Jacob's marginal income tax rate is 37 percent. The business allocation is subject to 2.9 percent of selfemployment tax and 0.9 percent additional Medicare tax. Note: Round your intermediate calculations to the nearest whole dollar What is the amount of tax Jacob will owe on the income allocation if the income is qualified business income (QBI) and Jacob ualifies for the full QBI deduction?

Answers

Jacob will owe $56,780 in taxes on the income allocation if the income is qualified business income (QBI) and he qualifies for the full QBI deduction.

To calculate the tax amount Jacob will owe on the income allocation, we need to consider both income tax and self-employment tax.

Self-employment tax = (Business income allocation) × 0.029

Self-employment tax = $170,000 × 0.029

Self-employment tax = $4,930

Additional Medicare tax = (Business income allocation) × 0.009

Additional Medicare tax = $170,000 × 0.009

Additional Medicare tax = $1,530

Taxable income = Business income allocation - QBI deduction

QBI deduction = (Business income allocation) × 0.20

QBI deduction = $170,000 × 0.20

QBI deduction = $34,000

Taxable income = $170,000 - $34,000

Taxable income = $136,000

Income tax = (Taxable income) * (Marginal income tax rate)

Income tax = $136,000 × 0.37

Income tax = $50,320

Total tax = Income tax + Self-employment tax + Additional Medicare tax

Total tax = $50,320 + $4,930 + $1,530

Total tax = $56,780

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A company is looking into its employee attrition rates (i.e., it is trying to know when and why an employee decides to leave the company). This would help the company to improve its business environment accordingly so that it can hold on to its best employees.In this project, you will need to evaluate each factor and its relationship with attrition, for example, the employee age, or the job role and its impact on attrition, etc. For the data set, use the attached excel file.Individual Project III

Answers

Data Preparation: Clean and preprocess the data to ensure it is in a suitable format for analysis.

This may involve handling missing values, and scaling numerical variables. Exploratory Data Analysis (EDA): Conduct an exploratory analysis of the dataset to understand the distribution of variables and identify any initial patterns or relationships. This can involve visualizations, summary statistics, and correlation analysis. Feature Selection: Identify relevant features that may have an impact on employee attrition. This can be done through domain knowledge, statistical analysis, or using feature selection techniques such as correlation analysis, feature importance, or stepwise regression.

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The price of crude oil increases 50%. This will cause a change in ( supply/ quality supplied )
✓ for crude oil. Why?

Answers

Answer:

See below

Explanation:

A price increase motivates suppliers to avail more products for sale in the markets. High prices tend to have a high margin hence more profits. Like other businesses, oil producers are profit-motivated; they will supply more quantities if there is a high probability of making more profits.

The law of supply explains the correlation between supply and price. As prices increase, supply also tends to increase.

after sally as the print preview in print command to the quick access toolbar which icon would she have added

Answers

Huh? I’m not sure but i hope sally finds out soon

Which is the main activity necessary to keep a 5S program working? A. 5S periodic cleaning. B. 5S refreshers. C. 5S audits. D. 5S sorting. Expert Answer.

Answers

The main activity necessary to keep a 5S program working is C. 5S audits.

5S is a methodology that focuses on creating and maintaining a clean, organized, and efficient workplace. The five steps of 5S are Sort, Set in Order, Shine, Standardize, and Sustain. While all the steps are important, 5S audits play a crucial role in sustaining the program's effectiveness.

5S audits activity involve regularly assessing the workplace to ensure that the established standards and practices are being followed.

This includes evaluating whether items are properly sorted, tools and equipment are arranged in an orderly manner, cleanliness is maintained, and standardized processes are being followed. Audits help identify areas for improvement, reinforce adherence to 5S principles, and promote continuous improvement. By conducting regular audits, organizations can monitor the progress of their 5S program and ensure its long-term success.

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What type of contract is created by an agreement that is oral when it is required by the Statute of Frauds to be in writing?

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The type of contract created by an agreement that is oral when it is required by the statute and required in writing is: legally voidable contract.

What is a Contract?

A contract is a legal agreement that binds individuals or groups. It defines and governs the mutual rights and obligations of the parties involved.

In a Legally voidable contract, the parties involved create an agreement orally especially when it is required by the statute of fraud. Although contracts that fall outside the statute need not be in writing.

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Which of the following are used for operating expenses?
Intermediate-term loans Operating-term loans
Long-term loans
Short-term loans​

Answers

Answer:

i think po is operating-term loans

Answer:

Short term loans are used for operating expenses

Ahmad has some saving where do you suggest him to keep and why​

Answers

Answer:

It depends on how much money Ahmad has saved.

Explanation:

If he has a small amount of money, the best he can do is to put his savings on a safe investment, like treasury bonds, an ETF, or a safe and low risk bond of a trustworthy company.

If Ahmad has a larger amount of money, he can put his savings in riskier assets like stock, which could give him a higher return. He could also create a more diverse investment portfolio, with some of his savings going to safer, lower yield investment instruments, and the rest going to riskier, higher yield investment instruments.

A (fill in the blank) strategy refers to increasing profit margins by keeping financial costs lower than those of competitors, while still maintaining price and quality at roughly the same level as competitors.

Answers

A cost leadership strategy refers to increasing profit margins by keeping financial costs lower than those of competitors, while still maintaining price and quality at roughly the same level as competitors.

The goal of the cost leadership strategy is to outperform rivals and take market share by lowering production costs and providing the lowest-priced products.

Increased market size, a higher likelihood of surviving economic downturns, more money available for upgrades, and higher profit margins are all benefits of the cost leadership strategy. The strategy's drawbacks include budget cuts to crucial areas like customer service, a lack of innovation, an inability to apply to luxury items, a shift in consumer preferences, greater competition, and a shortage of cash.

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the reasons why socio economic issues pose a challenge to businesses ​

Answers

Answer:

Socio-economic issues affect consumer spending due to poverty and unemployment. These issues place extra burdens and expenditure on businesses as they have to develop policies/support systems/ informative programs to address them.

Explanation:

Question # 1 Long Text (essay) Submit two news story summaries, noting the following: agency name(s), parties affected by the decision, status on period for comment, status on decision-making, and what decisions you would make in similar situations.

Answers

The answer is The public may not make technical decisions, but their opinions deserve consideration by those who are making those decisions.

What does making decisions mean?

The process of choosing a course of action involves recognizing a decision, acquiring data, and weighing potential answers.

What three ways can one make a decision?

Based on the level at which they occur, decision-making may also be divided into three types. The direction of an organization is decided upon strategically. Decisions regarding how something will be accomplished are considered tactical. Lastly, operational decisions are choices that staff members make every day to manage the company.

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which organization was designed to keep prices steady, fight inflation and ration foods

Answers

The Office of Price Administration (OPA) was established within the Office for Emergency Management on August 28, 1941, in order to control prices (and thus inflation) and rents after the outbreak of World War II.

What does the Federal Reserve System do

Answers

The Federal Reserve System is the central bank of the U.S. It conducts monetary policy to manage inflation, maximize employment, and stabilize interest rates. The Fed supervises the nation's largest banks and provides financial services to the U.S. government. Hope this helps! Mark brainly please!

Answer: It tries to maximize employment and minimize inflation.

Explanation:

Budget for 55- to 65-year-old Business Professionals Talk to mentors, family members, or relatives between the ages of 55-65 and who are nearing retirement. Develop a sample budget for someone aged 55-65, considering the adjusted income and expenses in this life phase.

Answers

The sample budget for a 55-65-year-old business professional would include expenses such as healthcare, housing, transportation, food, and leisure activities.

As people age and approach retirement, their financial situation changes. While they may have more disposable income, they also face new expenses such as healthcare and retirement savings.

A sample budget for someone aged 55-65 would need to take into account their adjusted income and expenses in this life phase. Expenses such as healthcare costs, housing, transportation, food, and leisure activities would need to be factored in, along with savings for retirement.

It's important to note that individual circumstances can vary greatly, and budgets should be tailored to each person's unique situation. Consulting with a financial advisor or accountant can be helpful in creating a personalized budget.

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Bolton Corporation had additions to retained earnings for the year just ended of $435,000. The firm paid out $245,000 in cash dividends, and it has ending total equity of $5.7 million. The company currently has 175,000 shares of common stock outstanding. a. What are earnings per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What are dividends per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the book value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. If the stock currently sells for $78 per share, what is the market-to-book ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) e. What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) f. If the company had sales of $7.45 million, what is the price-sales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Earnings per share ______ per shareb. Dividends _____ per share c. Book value ____ ratio timesd. Market-to-book_____ratio timese. Price-earnings f. Price-sales ratio times

Answers

Bolton Corporation's earnings per share are 3.89, dividend per share is 1.4, book value per share is 32.57, the market-to-book ratio is 2.39, prove earnings ratio is 20.05 and price sales ratio is 1.83.

What is the calculation?

The calculation is:

(a) Earnings per share = (Retained Earnings + Dividend paid out) / Common stock outstanding =435000+245000/175000=3.89

B) Dividend per share=245000/175000=1.4 per share

C) book value per share=5700000/175000=32.57

D) Market to book ratio =78/32.57=2.39

E)Price-earnings ratio = market price per share/earnings per share

=78/3.89=20.05

F) Price sales ratio=total market price/sales = 13650000/7450000=1.83

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Need help ASAP! Will give brainliest;) NO LINKS please, WILL REPORT.

The message that a company conveys about its product or services is a...

A). Promotional message

B). Target market

C). Promotional plan

D). Marketing strategy

Answers

Answer: The answer is A

Explanation:

Why might employee education be an important step in preventing security
breaches?

A. Some employees are tempted to sell their employer's intellectual
property

B. Education improves employee morale.

C. Disgruntled employees are often the source of security breaches.

D. Many security breaches occur as a result of ignorance or
carelessness.


Answers

Answer:D

Explanation:

took the test

The employee education might be an important step in preventing security breaches because many security breaches occur as a result of ignorance or carelessness.  Thus, option (D) is correct.

What is education?

Education is the process of acquiring knowledge, skills, values, and attitudes through various forms of learning, such as instruction, training, research, and practical experience.

Education plays a crucial role in the development of individuals and societies, enabling people to acquire the knowledge and skills necessary to navigate the world around them, pursue their interests and passions, and contribute to the betterment of society.

Many security breaches occur as a result of ignorance or carelessness is the reason that employee education might be an important step in preventing security breaches. Therefore, option (D) is correct.

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Based on information in the etext, an "important requirement designed to facilitate the expansion of international trade was that countries agreed not to put any restrictions or controls on exchange of currencies when that exchange was intended for transactions on the current account. "a. Trueb. False

Answers

True. The statement "an important requirement designed to facilitate the expansion of international trade was that countries agreed not to put any restrictions or controls on the exchange of currencies when that exchange was intended for transactions on the current account" is true.

Countries have indeed implemented measures to facilitate international trade, and one of these measures is the removal of restrictions or controls on the exchange of currencies for transactions on the current account. This allows for smooth and efficient international transactions, such as the buying and selling of goods and services, without hindrances caused by currency exchange regulations.

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If an engine has a Base Timing of 10° BTDC, but is currently firing at 5°, which is it

Answers

Based on the principle of starting engine, the correct answer is turbocharged engine

Turbocharged engine

Starting a turbocharged engine, the timing is reduced to compel the peak starting pressure later in the combustion stroke.

In conclusion, we can conclude that the correct answer is turbocharged engine.

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a key difference between advertising and publicity is that a advertising is personalized promotion and publicity is mass promotion. b advertising is always positive and publicity is always negative. c advertising is paid communication and publicity is non-paid. d advertising is presented through the media and publicity is not.

Answers

A key difference between advertising and publicity is that advertising is paid communication and publicity is non-paid.

Advertising has been the act of marketing a business's product or service in order to make money. Publicity is used to tell the public about a firm, product, or service.

Advertising is marketing and a promotional tool in the hands of the business that sends a message to viewers, listeners, or readers about the business or a product. Its goal is to influence clients to select the company's product over that of its rivals. Another promotional tactic is publicity, however it is not the same as advertising. It is based on truth because no corporation or its representatives have sponsored or controlled it. Publicity is always free, but advertising is a costly strategy to showcase a company's goods and services.

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