suppose the market clearing price is $15 and the price ceiling is $17. the price that prevails in the market will be
Answers
When the market clearing price of $15 and a price ceiling of $17. The price that prevails in the market under these circumstances will be the market clearing price of $15.
A market clearing price is the price at which supply and demand are in equilibrium. This means that at this price, the quantity of goods or services that sellers are willing to supply matches the quantity that buyers are willing to purchase. When this equilibrium is achieved, there is no surplus or shortage in the market.
On the other hand, a price ceiling is a government-imposed limit on how high a price can be charged for a product. In this case, the price ceiling is $17, which is higher than the market clearing price of $15. Since the price ceiling is above the market clearing price, it does not have an impact on the market equilibrium. Therefore, the prevailing price in the market will be the market clearing price of $15.
This outcome occurs because the price ceiling does not interfere with the natural equilibrium of supply and demand, allowing the market to function efficiently. If the price ceiling was set below the market clearing price, it would create a shortage, as suppliers would be unable to cover their costs and would reduce production, while demand would increase due to the artificially low price.
However, in this scenario, the price ceiling does not disrupt the market, so the market clearing price of $15 prevails.
To learn more about prevail price refer to:
https://brainly.com/question/15307407
#SPJ11
Related Questions
are the costs related to the product that have to be paid regardless of the amount you sell.
A) Fixed cost
B) Opportunity costs
C) Variable costs
D) none of the above
Answers
Answer:
C) Variable costs
Explanation:
The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answers
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
Depreciation must be considered when evaluating the incremental operating cash flows associated with a capital budgeting project because:_____.
Answers
Depreciation must be considered when evaluating the incremental operating cash flows associated with a capital budgeting project because depreciation has an impact on the taxes paid by the firm, which is a cash flow.
Depreciation expense is allocated to charge a reasonable portion of the depreciation expense each accounting period over the expected useful life of the asset. Depreciation includes the depreciation of assets with a predetermined useful life.
Depreciation Example – If a van is purchased from a company at a price of Rs. 100,000 and the expected life of the truck is 5 years, the company can depreciate the asset as Rs at depreciation expense. 20,000 yen each year for 5 years.
The purpose of depreciation is to reconcile the cost of a productive asset with a useful life of more than one year with the income generated by using that asset. The cost of an asset is generally amortized over the years the asset is in use.
Learn more about Depreciation here: https://brainly.com/question/1203926
#SPJ4
What are customer needs?
Answers
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
Which investment security has the least risk associated?
A) Mutual Funds
B) Stocks
C) Bonds
Answers
Answer:
I think it's Mutual Funds?
The market ______ stocks of a stock is the price at which a share of stock can be bought and sold in the stock market.
Answers
Answer:
The market joint stork of a stork is the price at which a share of stork can be bought and sold in the market.
Which economic system do you think is best able to provide for the wants and needs of individuals and why?
Answers
Answer:
Economics
the study of how individuals, families, businesses, and societies use limited resources to fulfill their unlimited wants
Labor
the work people do
Goods
tangible items that people buy
Capital
manufactured goods used to make other goods and services
Factors of production
land, labor, and capital
Productivity
the amount of output that results from a given level of inputs
Entrepreneurship
the ability of individuals to start new businesses, introduce new products and processes, and improve management techniques
Scarcity
a situation in which people do not have enough resources to satisfy every desire
Services
activities done for a fee
Economic model
a simplified representation of the real world
Factors of production include which of the following?
Explanation:
. A tomato farmer has used direct distribution to sell to local consumers through an area farmers' market. Last year, she sold 400 bushels of tomatoes at $2.49 a pound. (There are 53 pounds in a bushel of tomatoes.) This year she is considering using an indirect channel by selling to two area supermarkets. She estimates that she can sell 650 bushels at $1.63 a pound. What will be the difference in revenue if she makes the change? What other factors should the farmer consider before changing to indirect distribution?
Answers
Answer:
the farmer's total revenue when she uses the direct channel = 400 x $2.49 = $996
if she uses the indirect channel, her total revenue = 650 x $1.63 = $1,059.50
her total revenue will increase when selling to he supermarkets, but also her variable production costs will increase. This means that it is probable that her total contribution margin decreases even if total revenue decreases.
The farmer's total revenue when she uses the direct channel is $996 and the difference in revenue if she makes the change will be $63.5
What do you mean by Total revenue?
Revenue is the total amount of sales of goods and services. It is calculated by multiplying the total amount of goods and services sold at the price of goods and services.
Total revenue when she uses the direct channel is $996
\(\rm\, Total \,Revenue = 400 \times \$2.49 \\\\\rm\, Total \,Revenue = \$996\)
If she uses the indirect channel, her total revenue is $1,059.50.
\(\rm\,Total \,Revenue = 650 \times \$1.63\\\\\rm\,Total \,Revenue = \$1,059.50\)
The difference in revenue between direct selling and indirect selling:
\(\rm\, \$1,059.50 - \$996 = \$63.5\)
The farmer's total revenue will increase when selling to the supermarkets, but also her variable production costs will increase which has to be kept in mind while choosing indirect selling.
Therefore, the farmer should keep the variable factor costs in mind before selecting indirect selling as the revenue might increase but the percentage of increase probably may not be high.
To learn more about total revenue, refer to the link:
https://brainly.com/question/25623677
E-mail marketing serves all of the following purposes except
Answers
Answer:
To encourage customers to forward the e-mail to their friends.
Answer:
ion know bout that one there
Explanation:
Dane stores begins the year with $30,000 of dvd inventory. It purchases dvds worth $80,000 during the year. The cost of goods sold for the year is $70,000. What is the amount of ending inventory?.
Answers
The amount of ending inventory is $40,000.
Ending inventory can be defined as the total value of goods you have available for sale at the end of an accounting period, like the end of your fiscal year. Ending inventory is an inventory accounting method that helps retailers benchmark net income, run accurate stock checks, and obtain financing.
The formula of ending inventory, is:
Total cost of goods available for sale - cost of goods sold = ending inventory
Ending inventory = $30,000 +$80,000-$70,000 = $40,000
Learn more about ending inventory here https://brainly.com/question/25947903
#SPJ4
calculate the percentage by mass of all the components element in sodium trioxonitrate(v)
Answers
Sodium =27.05
Nitrogen=16.47
Oxygen=56.46
Every stockholder in a corporation will have a drawing account that will be closed to retained earnings during the closing process. Select one: True False
Answers
The given statement, "Every stockholder in a corporation will have a drawing account that will be closed to retained earnings during the closing process' is False because stockholders do not typically have drawing accounts in corporations. Drawing accounts are more commonly used in sole proprietorships and partnerships.
Stockholders in a corporation do not have drawing accounts. Drawing accounts are used in partnerships and sole proprietorships to record the withdrawals made by the owner(s) from the business for personal use.
In a corporation, stockholders receive dividends as a distribution of profits, but they do not have drawing accounts.
During the closing process, the corporation's temporary accounts, such as revenue, expenses, and dividends, are closed to retained earnings. This process helps to reset the accounts for the next accounting period and ensure that the retained earnings account accurately reflects the net income or loss for the period.
Learn more about Stockholder: https://brainly.com/question/29705807
#SPJ11
what are some common tasks performed by Psychiatrists? (Select four options)
A administering first aid and life support care
B collaborating with other medical professionals
C maintaining patient information and records
D developing diagnostic imaging techniques
E prescribing, directing, or administering psychotherapeutic treatments or medications
F analyzing and evaluating patient data or test findings
Answers
Answer:
B, E and F and explanation I share you other thought about it
Explanation:
Psychiatrists are medical doctors who specialize in the treatment of mental health conditions. Some common tasks performed by psychiatrists include:
Conducting initial evaluations and assessments to diagnose mental health conditionsPrescribing and managing medications to treat mental health conditionsProviding individual, family, or group therapy to help patients manage their mental healthDeveloping and implementing treatment plans for patientsCollaborating with other healthcare providers to coordinate care for patientsProviding crisis intervention and support to patients experiencing mental health emergenciesConducting research to advance the field of psychiatry and improve treatment options for patients.as
Enrico waited ten years to file a cause of action against Frederico for a breach of contract claim. Frederico can use
his defense.
O insanity
O necessity
Statute of Limitations
O ignorance of the law
Answers
Answer:
Statue of limitations
Explanation:
Lack of downtime negative or positive
Answers
Drag each label to the correct location on the image.
Answers
A program known as a perpetual inventory system continuously estimates your inventory using electronic records rather than a physical inventory. This system starts with a physical count as the baseline and adjusts based on inbound and outbound purchases and shipments.
With an example, what is a perpetual inventory system?Your inventory balances are always tracked by a perpetual inventory system. Refreshes are consequently made when you get or sell stock. Your inventory accounts are immediately updated with all purchases and returns. A perpetual inventory system, for instance, might be used by a grocery store.
Do you use LIFO or FIFO for perpetual inventory?In perpetual FIFO, the first (or earliest) expenses are deducted from the Inventory account first and credited to the Cost of Goods Sold account last. The cost of goods sold and the cost of ending inventory will therefore be the same for both the perpetual and periodic FIFO cost flows.
Learn more about perpetual inventory system here:
https://brainly.com/question/18762670
#SPJ1
What does setting a personnel policy before hiring employees allow you to do?
A. Provide employee salary information
B. Establish length of employment for each company department
C. Set expectations for employee behavior
D. Establish records of employee work behavior
Answers
Answer:
D
As it helps in appraising the employees weekly, monthly, or yearly work behavior.
When a salesperson says or does something that creates agency such as giving advice to a customer, giving an opinion to a customer, or negotiating on the customer's behalf the licensee has:
Answers
Answer:
implied agency
Explanation:
The implied agency refer to an agency that is established from the principal and agent conduct. It develops the agency relationship. It is a real agency and a fact to be proved
Therefore as per the given situation since it is mentioned that at the time when the salesperson said or do something that establish the agency so this represent the implied agency
Therefore the same is to be considered
What the person above me said
Explanation:
i just took the asignment.
What are vesting rights? Question 33 options: the ability of retired employees to retain their seniority if they return to work at their former employer a government commitment to provide retirement benefits to all U.S. workers the designation that retired workers will receive cost-of-living increases as part of their monthly pension checks the guarantee that employees in a pension plan will receive a pension at retirement age, regardless of whether they stay with the employer the ability of younger workers to move their retirement savings to another account after leaving a specific employer
Answers
Answer:
the guarantee that employees in a pension plan will receive a pension at retirement age, regardless of whether they stay with the employer.
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
Thus, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.
Vested rights can be defined as an unconditional right belonging to an individual as a property interest and as such cannot be denied, impaired or taken away from him or her. Thus, these rights are generally enforceable claims under the law.
Hence, vesting rights is the guarantee that employees in a pension plan will receive a pension at retirement age, regardless of whether they stay with the employer.
In a set of 100 ACT scores that are normally distributed and with a mean of 23 and standard deviation of 4.69, a. How many scores are expected to be lower than 18.31 (one standard deviation below the mean)? B. How many of the 100 scores are expected to be below 32.38 (two standard deviations above the mean)?
Answers
Answer:
A) 16 scores
B) 98 scores
Explanation:
if we look at a normal distribution table, 50% + 34.13% of all scores will be greater than 18.31 (one standard deviation)
this means that 84.13% or 84 scores will be higher than 18.31, so 100 - 84 = 16 scores will be lower than 18.31
we follow a similar procedure for 2 standard deviations, where 50% + 47.72% of the scores will be lower than 32.38 (the other side of the bell curve)
this means that 97.72% or 98 scores will be lower than 32.38
The main types of markets are called _____.
residential
consumer
industrial
customer
Answers
Suppose you have three choices as to what to do for two hours on Sunday afternoon: work around the house, earning $3.50 an hour; baby-sit for your neighbor earning $10 an hour; or go to the movies and pay $6 for a ticket. You choose to go to the movies. What is your opportunity cost?
Answers
Answer:
the opportunity cost is in the case when you choose to go to the movies is $20
Explanation:
The computation of the opportunity cost is in the case when you choose to go to the movies is shown below:
= Earning per hour × number of hours
= $10 × 2 hours
= $20
Hence, the opportunity cost is in the case when you choose to go to the movies is $20
It is important to emphasize benefits in a sales presentation to a prospective buyer because benefits:_______.
a) focus on the psychological reasons of a purchase.
b) fulfill the buyer's needs and motives.
c) fulfill the buyer's economic wants.
d) focus on rational reasons of a purchase.
e) focus on emotional reasons for a purchase.
Answers
Answer:
b) fulfill the buyer's needs and motives.
Explanation:
When the company gives the presentation based on the sales so it should be benefit for the buyer as the company fulfill buyer needs and motives and gains the maximum satisfaction while delivering the goods and services to the consumer
Therefore in the given case, the option B is correct as the company meets the customer needs, wants and motives
Hence, all the other options are wrong
The following events took place for Digital Vibe Manufacturing Company during March, the first month of its operations as a producer of digital video monitors: Purchased $42,200 of materials. Used $32,500 of direct materials in production. Incurred $48,500 of direct labor wages. Incurred $68,400 of factory overhead. Transferred $113,500 of work in process to finished goods. Sold goods for $203,000. Sold goods with a cost of $90,300. Incurred $51,900 of selling expense. Incurred $22,800 of administrative expense.
Answers
Answer:
Missing word "Using the information given, complete the following: a. Prepare the March income statement for Digital Vibe Manufacturing Company. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries."
Income statement
Particulars Amount
Sales $203,000
Less: Cost of goods sold $90,300
Gross profit $112,700
Operating expense
Selling expense $51,900
Administrative expense $22,800
Total operating expense $74,700
Operating income $38,000
what is medium level profession
Answers
Hope it helps :)
How does receiving a bill to be paid next month for services received affect the accounting equation?.
Answers
Receiving an invoice to be paid next month for work performed that month affects debt and equity.
Equity is the ownership of assets that may be associated with liabilities or other liabilities. Equity is determined for accounting purposes by subtracting liabilities from the value of assets.
The term "justice" refers to fairness and justice, as distinguished from equality. Equality means giving everyone the same, but justice means acknowledging that we all start in the same place and don't have to admit our imbalances and fix them. increase.
Equity represents the value returned to the company's shareholders if all assets were liquidated and all company liabilities were paid. You can also think of equity as the remaining degree of ownership of a company or assets after deducting all liabilities associated with the assets.
Learn more about equity here:https://brainly.com/question/1957305
#SPJ4
Which of the following communications must be reviewed and approved by a principal before it can be used? A) An internal memo to be sent to registered representatives describing a new sales technique B) Promotional material to be sent only to mutual funds and insurance companies C) A letter to be sent to all customers reminding them of a change in the tax laws D) A letter to be sent this week to 30 existing customers recommending a new service being offered by the firm
Answers
Answer: I'm thinking C, but I cant find any evidence to help support it all to much. I looked up the answers and everything and no one knows, i'm sorry if I wasn't of any help
Good luck
The communications that must be reviewed and approved by a principal before they can be used are an internal memo to be sent to registered representatives describing a new sales technique, a letter to be sent to all customers and a letter to be sent this week to 30 existing customers recommending a new service. The correct options are a, c, and d.
An internal memo to be sent to registered representatives: Since this letter involves instructing staff members on sales practices, it should be examined and authorized by a principal. All clients are to get a letter informing them of an alteration to the tax laws: A principal should evaluate and approve this letter to make sure that it contains accurate, understandable information that complies with applicable tax regulations.
30 current clients will receive a letter this week proposing a new service the business is offering. A principal should also examine and approve this communication. Even though it is directed towards a certain consumer segment, it is still crucial for a principal to check it to make sure the information is correct, pertinent, and compliant with the company's marketing and advertising standards.
Learn more about principal, here:
https://brainly.com/question/32310032
#SPJ4
Dalton Company adopted the dollar-value LIFO inventory method on January 1, 2016. In applying the LIFO method, Dalton uses internal price indexes and the multiple-pools approach. The following data were available for Inventory Pool No. 1 for the two years following the adoption of LIFO: Ending Inventory At Current Year Cost At Base Year Cost Cost Index 1/1/16 $100,000 $100,000 1.00 12/31/16 126,000 120,000 1.05 12/31/17 140,800 128,000 1.10 Under the dollar-value LIFO method the inventory at December 31, 2017, should be
Answers
Answer:
$129,800
Explanation:
Calculation to determine the inventory at December 31, 2017,
Ending inventory at Dec 31, 2017 using dollar value LIFO = $100,000 + (120,000 - 100,000) * 1.05 + ($128,000 - $120,000) * 1.10
Ending inventory at Dec 31, 2017 using dollar value LIFO = $100,000 + $21,000+ $8,800
Ending inventory at Dec 31, 2017 using dollar value LIFO = $129,800
Therefore Under the dollar-value LIFO method the inventory at December 31, 2017, should be $129,800
Question 7 of 10
Zack buys 40 shares of eBay at the close price of $20.95. His broker charges
him 4% of each share as a transaction fee. How much did Zack spend in total
to buy this stock?
A. $838.00
B. $871.52
C. $856.28
D. $891.46
Answers
The cost of each share is $20.95, and Zack buys 40 shares, so the cost of the shares is 20.95 * 40 = $838.00.
Zack's broker charges him 4% of each share as a transaction fee, so the total transaction fee is 0.04 * 20.95 * 40 = $33.28.
Therefore, the total cost of the transaction is $838.00 + $33.28 = $871.28.
The correct answer is B. $871.52.
1.In the scenario where the Central Bank creates policies which increase the money supply but the aggregate demand is unchanged, is created by following what type of monetary policy?
An expansionary policy.
A contractionary policy.
A balanced policy.
2.Quantitative easing undertaken after 2008 is different from traditional central bank intervention in that it focused on
purchasing long-term government securities to encourage long-term capital projects and ease mortgage conditions.
purchasing "toxic assets" and restoring credit to the private sector.
raising private bank’s revenues and therefore encouraging investment.
Answers
An expansionary policy. In this scenario, the Central Bank is increasing the money supply, which is a characteristic of expansionary monetary policy.
The purpose of expansionary policy is to stimulate economic growth by encouraging spending and investment through lower interest rates and increased liquidity in the economy. However, if the aggregate demand remains unchanged, it suggests that the increased money supply is not translating into increased spending or investment by consumers and businesses. Quantitative easing undertaken after 2008 focused on purchasing "toxic assets" and restoring credit to the private sector.
Unlike traditional central bank intervention, which primarily involves adjusting interest rates, quantitative easing (QE) implemented after the 2008 financial crisis involved the central bank purchasing "toxic assets" from financial institutions. These assets included mortgage-backed securities and other troubled assets. The goal was to provide liquidity to financial institutions, restore confidence in the banking system, and ease credit conditions for businesses and consumers. By purchasing these assets, the central bank aimed to stimulate lending, stabilize financial markets, and encourage economic recovery.
Learn more about Central Bank here:
https://brainly.com/question/33035403
#SPJ11