what is the quantity exchanged when the price floor is $0.75 in the market for public transportation?
Answers
In the trade for public transportation, once the price floor is $0.75, there is no quantity exchanged.
What does the word "market" signify in economics?A market is any framework that enables sellers and purchasers to trade any kind of commodities, services, or information, according to mainstream economic theory. A transaction is any exchange of goods, whether it involves payment or not.
Briefing:The requisite price is the floor price.
In the above table Equilibrium price is $1.25where quantity demanded = quantity supplied = 86,000.
Price floor =$0.75 , where quantity demanded = 100,000
Quantity supplied=65,000.
At the ceiling price($0.75) , which is below equilibrium price, quantity demanded > quantity supplied.
Surplus arises when quantity supplied > quantity demanded.
So at price floor of $ 0.75 there will be no surplus. Rather there will be shortage.
Thus, this limit price will continue to be useless.
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Related Questions
HELP PLEASE!!!
what is the outcome when a person defaults on a home loan?
A. the person goes to jail.
B. the bank will make the person work a second job.
C.the bank will take the person's car.
D.the bank will foreclose on the home.
Answers
Answer:
D.the bank will foreclose on the home.
Explanation:
The bank may even sue and garnish wages and financial accounts. The bank may even serve a conversion of accetts.
Broker Ron wants to open a separate escrow account for each transaction he is involved in. Is this legal?
No, only lawyers and trust companies can open escrow accounts.
No, each broker can only have one escrow account.
Yes, this is legal unless he has more than three escrow accounts open at once.
Yes, there is no legal limit on the number of escrow accounts a broker can have.
Answers
Yes, a broker is permitted to have an unlimited number of escrow accounts.
What are escrow transactions?
During the course of a transaction between two parties, a third party holds a temporary pass-through account known as an escrow account. In an escrow account, money is held by a third party until it is given to the intended recipient. With high asset values and dispute-prone industries like real estate, it offers protection against scams and fraud. Escrow-based payments are not new and have been around for a while. When two parties participate in a transaction but there is doubt about whether their obligations will be met, escrow is a financial procedure that is used. Escrow can be used in a variety of situations, including those involving banking, real estate, mergers and acquisitions, law, intellectual property, and online transactions.
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identify several things that managers can do to minimize the problems inherent in terminating employees
Answers
To minimize the problems that come with terminating employees, managers should take proactive measures to address issues before they reach the point of termination. This can include setting clear expectations, providing regular feedback, and offering training and support to help employees improve.
However, if termination is necessary, there are several steps that managers can take to minimize the negative impact on the employee and the organization.
Firstly, managers should conduct a fair and thorough investigation into the reasons for termination to ensure that it is justified and documented. Secondly, they should deliver the news in a respectful and compassionate manner, and provide the employee with clear reasons for the termination. It is also important to offer support and resources, such as job search assistance or outplacement services, to help the employee transition to their next opportunity. Additionally, managers should communicate the termination to the remaining employees in a professional and transparent manner, to minimize disruption and maintain morale.
Overall, minimizing the problems inherent in terminating employees requires a proactive approach to addressing performance issues, as well as a compassionate and professional approach to the termination process. By following these steps, managers can ensure that the process is handled fairly and professionally, and minimize any negative impacts on the employee or the organization.
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'what she said' phrase or clause. give reason
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what important innovation did the kroger company recently pioneer?
Answers
The Kroger Company recently pioneered an important innovation in the form of autonomous grocery delivery vehicles.
The Kroger Company has been at the forefront of innovation in the grocery industry, and one of their notable recent advancements is the introduction of autonomous grocery delivery vehicles. Kroger partnered with a self-driving vehicle startup called Nuro to develop and deploy these autonomous vehicles for grocery delivery. These autonomous vehicles are designed specifically for last-mile delivery, transporting groceries from stores to customers' doorsteps. They are equipped with advanced sensing and navigation technologies to navigate safely and efficiently on public roads. Customers can place orders online, and the autonomous vehicles deliver the groceries to their specified locations.
This innovation in autonomous grocery delivery vehicles brings several benefits. It enhances convenience for customers by providing efficient and contactless delivery options. It also has the potential to improve delivery speed and reduce costs for Kroger by eliminating the need for human drivers. Additionally, autonomous vehicles can help optimize delivery routes and reduce carbon emissions associated with traditional delivery methods. Overall, the introduction of autonomous grocery delivery vehicles by Kroger represents a significant innovation in the retail industry, aiming to revolutionize the way groceries are delivered to customers.
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A contractor performs work on a homeowners property. The homeowner is known to lack on payments. Within a week of the work, the contractor files a Mechanic's Lien on the property. After the contractor finishes their work, the homeowner pays the contractor in full price. The contractor should now file a:
A. Release of Lien
B. Cancelation of Lien
Answers
After the contractor finishes their work and the homeowner pays the contractor in full price, the contractor should file a Release of Lien.
A release of lien is a legal document that removes the lien from the property.
What is a mechanic's lien?
A mechanic's lien is a legal claim that a person or entity has on someone else's property because they have provided work or services to that property.
This is a security interest in the property for the amount of the debt owed.
The lien makes it difficult for the owner to sell or transfer the property without first paying off the debt that is secured by the lien.
What is a Release of Lien?
A Release of Lien is a legal document used by a contractor or supplier to remove a mechanic's lien or security interest in a property.
This document states that the debt owed to the contractor or supplier has been satisfied and the lien is no longer valid.
This document is usually filed with the county clerk's office where the lien was recorded to ensure that it is removed from the property's title.
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When the mortgage rates get high, the housing market will collapse, as fewer people will take loans for buying houses because of higher interest rates, and this will result in a
Answers
What are the three types of money you should use when paying for college, and what type of money are scholarships and grants?.
Answers
Loans, grants, and work-study are the three categories of federal financial aid.
Grants are typically offered based on financial need, whereas scholarships are merit-based and given to students based on their academic performance, extracurricular involvement, field of study, and other factors.
Financial aid is cash that you are given or lent in order to help you pay for college. Financial aid that you don't have to pay back includes grants and scholarships. They are known as gift aid because of this.
Some college finance methods are:
Try to get a scholarship. Obtain a college grant by applying. Like scholarships, grants for college are based on financial need and are not repaid.Federal student loans and private student loans.Work study programmes at colleges.To know more about college scholarship refer to the given link:
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Question 10 of 20
What is the difference between a market economy and a command
economy?
A. A market economy is determined by central authority and a
command economy is determined by consumers,
B. A market economy is determined by consumers while a command
economy is determined by both consumers and central authority
C. A market economy is determined by both central authority and
consumers while a command economy is determined by only
consumers
D. A market economy is determined by consumers and a command
economy is determined by central authority,
Answers
an offer that can only be accepted by an offere's performance creates a(n) __________________________ contract
Answers
Answer: unilateral contract
Explanation:
An unilateral contract is a contact that is formed when an individual offers to do a particular thing in return for either money or something else that was agreed on.
Once such individual does that thing, he or she has to be given what was agreed on in the contract. A typical example is the contact regarding an insurance policy.
Therefore, an offer that can only be accepted by an offere's performance will create a unilateral contact.
I rlly need answers quick guys! This isnt Business tho!
Subtracting money.
$ c. $ c.
395.12 - 275.64
Answers
Answer:
$119.48
Explanation:
hope this helped :)
Which is a characteristic of judging approach
Answers
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
What is the most important factor affecting the price of a stock?.
Answers
The most important factor that affects the price of a stock is its Supply and Demand.
In the stock market, the prices of the stocks are based on various factors. These affect the values directly. But the most basic and important factor that affects the prices of a stock is the Supply and Demand of the stock. The more demand it has the higher the prices raise and an imbalance between the supply and demand will cause the price to go low.
Supply and Demand are explained as the amount or quantity of the product, services, etc that is available for the people who are interested in buying it on demand. This generally regulates the price of the stock.
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If Russia has a comparative advantage in the production of wheat and China has a comparative advantage in the production of textiles, then A. it is reasonable to expect that trade will benefit both countries, but specialization will not. B. it is reasonable to expect that specialization and trade will benefit both countries. C. it is reasonable to expect that specialization will benefit both countries, but trade will not. D. neither country has anything to gain from specialization and trade.
Answers
The correct answer is B. It is reasonable to expect that specialization and trade will benefit both countries.
If Russia has a comparative advantage in the production of wheat and China has a comparative advantage in the production of textiles, then both countries can benefit from specialization and trade. Specialization allows countries to focus on producing the goods and services in which they have a comparative advantage, while trade allows countries to exchange these goods and services for the goods and services that they do not produce. This can lead to higher levels of production and consumption for both countries.
Comparative advantage is the ability of a country to produce a good or service at a lower opportunity cost than another country. This means that if Russia can produce wheat at a lower opportunity cost than China, then Russia has a comparative advantage in the production of wheat. Similarly, if China can produce textiles at a lower opportunity cost than Russia, then China has a comparative advantage in the production of textiles.
In addition, when countries trade with each other, they can benefit from the comparative advantages of other countries. This means that countries can import goods and services that they are not able to produce efficiently themselves, and they can export goods and services that they are able to produce efficiently. This trade can lead to higher levels of economic growth and prosperity for both countries.
Therefore, it is reasonable to expect that specialization and trade will benefit both Russia and China.
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Gillian is a real estate licensee who attends a party at the home of a mortgage broker, Tim, with whom she has worked in the past. At the party, Tim offers her tickets to a concert, saying that he can’t use them. She accepts gladly, and laughs when Tim says as he hands the tickets over, "And all I ask in return is that you send a customer or two my way!" Is Gillian guilty of a violation? Unset starred question No, but Tim is. No, there is no violation. Not unless she neglects to disclose the exchange and the value of the tickets to her broker within three days. Yes, Gillian is guilty because she has accepted what is essentially a referral fee from a mortgage broker.
Answers
Answer:
Yes, Gillian is guilty because she has accepted what is essentially a referral fee from a mortgage broker.
Explanation:
Real Estate Settlement Procedures Act (RESPA) are a set of guidelines for licencing agents and real estate agents that is aimed at bringing transparency to settlement costs of properties.
It prohibits referral fees and kickbacks with the view of reducing final closing price to consumers.
In the given scenario Tim offers Gillian tickets to a concert, saying "And all I ask in return is that you send a customer or two my way!"
This is considered to be a referral fee which is in violation of RESPA.
Type the correct answer in the box. Spell all words correctly. The demand curve has what kind of slope?
Answers
Answer:
Usually slopes downwards
Explanation:
in a negative association
from the list below determine if each item represents an example of a barrier to entry or not. 1.) Pfizer is the only firm that is legally allowed to produce and sell Lipitor, a best-selling cholesterol drug.2.) Tinseltown Theaters shows almost all the most popular newly released movies.3.) DeBeers owns nearly all of the world's diamond mines.4.) Boeing already serves a large fraction of the jumbo jet market and is able to produce at a lower average cost than any potential competitors.
Answers
1) Pfizer having the exclusive legal rights to produce and sell Lipitor represents a barrier to entry, as it prevents other firms from entering the market for this specific drug.
2) Tinseltown Theaters showing most of the popular newly released movies does not represent a barrier to entry, as other theaters can still obtain rights to show these movies and compete in the market.
3) DeBeers owning nearly all of the world's diamond mines represents a barrier to entry, as it monopolizes the access to a crucial resource, making it difficult for potential competitors to enter the diamond market.
4) Boeing's large market share and lower average production costs represent a barrier to entry, as potential competitors would face challenges in achieving the same economies of scale and cost efficiency, making it difficult for them to enter the jumbo jet market.
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TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.
Answers
Explanation: none
a store sells two pieces of electronic items, one at 20% profit and another at 10% loss, respectively, thereby making an overall profit of 6%. what is the ratio of the cost prices of the two items?
Answers
To find the ratio of the cost prices of the two items, let's assume the cost price of the first item (with a 20% profit) is x, and the cost price of the second item (with a 10% loss) is y.
Since the first item is sold at a 20% profit, its selling price would be x + (20% of x) = x + 0.2x = 1.2x. Similarly, the selling price of the second item (with a 10% loss) would be y - (10% of y) = y - 0.1y = 0.9y.
Now, let's consider the overall profit. The overall selling price would be 1.2x + 0.9y. We are given that the overall profit is 6%, which means the overall selling price is 106% of the overall cost price. Therefore:
1.2x + 0.9y = 1.06(x + y)
1.2x + 0.9y = 1.06x + 1.06y
Simplifying the equation, we get:
0.14x = 0.16y
x/y = 0.16/0.14
x/y = 8/7
So, the ratio of the cost prices of the two items is 8:7.
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A US based company is attempting to merge with a French National conglomerate. With IFRS and GAAP being so different, what would be some of the challenges the two sides may face with the merger from an accounting standpoint?
Answers
The merger between a US-based company and a French National conglomerate can pose several challenges from an accounting standpoint due to the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Some of the challenges they may face include:
Accounting Principles: IFRS and GAAP have different underlying principles and concepts. IFRS is principles-based, emphasizing substance over form, while GAAP is rules-based, providing specific guidelines for various transactions. The differences in accounting principles can lead to variations in the recognition, measurement, and presentation of financial information.
Financial Statement Presentation: IFRS and GAAP have different requirements for financial statement presentation. The formats and classifications of items on the balance sheet, income statement, and cash flow statement may vary between the two sets of standards. This can make the comparison and consolidation of financial statements challenging.
Revenue Recognition: IFRS and GAAP have differing guidance on revenue recognition, particularly in areas such as the timing of revenue recognition, multiple-element arrangements, and percentage-of-completion method for long-term contracts. Aligning the revenue recognition policies of the merging entities can be a complex task.
Valuation of Assets and Liabilities: IFRS and GAAP may have different rules for the valuation of assets and liabilities, such as inventory, property, plant, and equipment, intangible assets, and financial instruments. Differences in valuation methodologies can impact the reported values of assets and liabilities, which can have implications for financial ratios, financial performance, and tax implications.
Business Combinations and Goodwill: IFRS and GAAP have different requirements for accounting for business combinations and the subsequent treatment of goodwill. For example, IFRS allows for the option of measuring goodwill at cost or using the impairment model, while GAAP follows a more strict impairment-only model. This can result in differences in the recognition and measurement of goodwill and the related impact on financial statements.
Disclosures: IFRS and GAAP have varying disclosure requirements, with differences in the level of detail and specific disclosures mandated for certain transactions and events. Harmonizing the disclosure requirements can be a complex task to ensure compliance with both sets of standards.
These are just a few examples of the challenges that may arise during the merger process from an accounting standpoint. It is crucial for the merging entities to have a thorough understanding of the differences between IFRS and GAAP and work closely with accounting professionals and advisors to address these challenges effectively and ensure accurate financial reporting and compliance with relevant regulations.
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In the first stage of the B2B buying process, the buying organization recognizes, through either internal or external sources, that it has a(n) ______ need.
Answers
The recognition of the buying organization in the first stage of the B2B buying process through either internal or external sources, shows that it has an
Unfilled needWhat is a Need?This refers to those things which a person cannot do without and would try to get to ensure survival and this also applies to businesses.
With this in mind, we can see that the B2b purchases has a process which it follows which includes:
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When Rosco was unable to pay the $1,000 he owed Lyden, Lyden agreed to let Rosco paint Lyden's house in payment. When Rosco finished painting Rosco's house, the original obligation was discharged by
Answers
Answer:
full (by painting his house)
Explanation:
When Rosco was unable to pay the $1,000 he owed Lyden, Lyden agreed to let Rosco paint Lyden's house in payment. When Rosco finished painting Rosco's house, the original obligation was discharged by full (by painting his house)
Reason -
(i.e. If Rosco is unable to pay $1000 then in that option he painted Lyden's house so he is discharged by painting his house )
Cash received prior to delivering a product or performing a service is called a(n) a.unearned asset. b.unearned revenue. c.unearned expense. d.unearned contra-asset.
Answers
The correct answer is b. unearned revenue.
Unearned revenue, also known as deferred revenue or advance payments, refers to the cash a company receives from its customers for goods or services that it has not yet delivered or performed. Unearned revenue is considered a liability on the company's balance sheet until the work is completed or the product is delivered, at which point it becomes revenue that can be recognized on the income statement.
Unearned revenue is commonly found in industries such as software and subscription-based services, where customers pay upfront for future access to products or services. It's essential for companies to properly account for unearned revenue to avoid overstating their revenue and profits in a given period.
When a company receives unearned revenue, it records it as a liability on its balance sheet and recognizes it as revenue on the income statement when the associated goods or services are provided. The amount of unearned revenue decreases over time as the company fulfills its obligations to its customers.
In summary, unearned revenue represents cash received by a company before it delivers a product or service to its customers, making it a liability on the company's balance sheet until the related revenue is recognized on the income statement.
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a subdivision had a deed restriction, covering all the properties in the subdivision, that set aside the back six feet of each parcel as a combination green-belt area and bicycle path. a homeowner plans to convert the back one-half of her yard, including this set-aside space, into an organic garden. her neighbor can
Answers
A certificate of occupancy is a document issued with the aid of a neighborhood authorities company or building department certifying a building's compliance with applicable constructing codes and other laws, and indicating it to be in a situation appropriate for occupancy.
What is map illustrating the sizes and locations of streets and lots in a subdivision called?Plat – A map, prepared by way of a surveyor representing a tract of land, showing the boundaries and vicinity of man or woman houses and streets and recorded in the County Register's office. Also referred to as a Subdivision Plat or Final Plat.
What makes a property unfit for human habitation?A rented domestic is unfit to stay in when conditions or security problems are so awful that it is now not real looking for you to live there. This could be due to the fact the terrible conditions: have an effect on your health seriously. put you at chance of physical harm or injury.
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please i need help with this !!
Answers
Answer:
Save
Measure
Notes
Services
Money
Barter
Swapped
Forms
If a car dealership leases cars for four years with guaranteed purchase options, guaranteed residual values, and insured financing agreements, the dealership classifies the lease as a(n):
Answers
If a car dealership leases cars for four years with guaranteed purchase options, guaranteed residual values, and insured financing agreements, the dealership classifies the lease as a(n): operating lease.
An operating lease is a type of lease where the lessor (car dealership) retains ownership of the asset (car) and the lessee (customer) has the right to use the asset for a specific period. In this case, the dealership provides several guarantees and insured financing agreements, ensuring a secure and well-structured lease for both parties.
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What is a file manager? Give an example the file manager is a user medium platform interface
Answers
Answer:
The Android File Manager app helps users manage and transfer files between the smartphone's storage and a computer. ... The Android operating system allows you to remove apps quickly if you no longer use them or to make room for additional files without having to connect the phone to your computer.
Explanation:
Animal trainer jobs are difficult to find as most positions are typically filled and it is rare for new positions to be created. This career has
a decrease in supply
an increase in demand
an increase in supply
no change in demand
Answers
The career has a no change in demand and an increase in supply
Let understand that when demand meet supply, there is an equilibrium.
Here, there is no equilibrium and this will be explained as follows.Demand in this context is the need to hire Animal Trainers to train animal. In the question, the service does exist but no new position are created because there is no need for it. Thus there is mo change in the demand for Animal trainersSupply in this context refers to availability of people skilled as Animal Trainers. In the question, they keep increasing in number but there are no role for them to occupy.
In conclusion, the Animal trainers careers have an increase in supply but have no change in demand.
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Answer:
Increase in supply :)
Explanation:
Since theres already a high amount of employees, theres a high supply of them, meaning the demand for that job position is low.
Which of the following is an advantage of renting over
advantage of renting over buying a home?
Answers
Answer:
having to make a down payment..
An advantage of renting over buying a home and having to make a down payment. The correct option is D. Financial risks are lower when renting. You are aware of the precise monthly rent payment you will be making.
What is the most significant advantage of renting?The three biggest advantages of staying a renter, in Ramsey's opinion, are having more flexibility if you decide to move, not having to pay for home maintenance, and not having to spend as much money initially. Additionally, your landlord will handle all necessary repairs, upkeep, and other costs. There is no additional cost.
Renting offers convenience, consistent monthly costs, and maintenance assistance. Along with the concrete advantages of tax deductions and equity, home ownership also offers intangible advantages like a feeling of security and pride in one's possession.
Thus, the ideal selection is option D.
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On april 1, jiro nozomi created a new travel agency, adventure travel. The following transactions occurred during the company’s first month. On April 1 Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. A. April 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company. Received common stock (50,000 shares at $1 par).
b. April 2 The company rented furnished office space by paying $1,800 cash for the first & last month's rent.
c. April 3 The company purchased $1,000 of office supplies for cash
Answers
These journal entries would then be posted to the appropriate accounts in the general ledger.Here are the journal entries for each of the transactions:
a. April 1:
Cash 30,000
Computer equipment 20,000
Common stock 50,000
To record investment of cash and equipment in exchange for common stock.
b. April 2:
Prepaid rent 1,800
Cash 1,800
To record payment of rent for the first and last month.
c. April 3:
Office supplies 1,000
Cash 1,000
To record purchase of office supplies for cash.
These journal entries would then be posted to the appropriate accounts in the general ledger.
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