which of the following statements is true? a.) a price floor happens when the market clears. b.) a price ceiling creates surplus when it is binding. c.) a price ceiling is when the minimum wage is higher than the prevailing market wage. d.) a price floor is binding when it is placed above equilibrium.

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Answer 1

d.) a price floor is binding when it is placed above equilibrium.

Is an equilibrium above a binding price floor?

A price floor that is set above the equilibrium price is an effective (or binding) price floor. A price ceiling that is placed below the equilibrium price is an effective (or binding) price ceiling. Dead-weight loss results from effective pricing ceilings and floors. A strong price floor generates a surplus that is advantageous to suppliers.

A price floor that is erected above the equilibrium price is a binding price floor. A price floor needs to be binding in order to be effective. It is forbidden to purchase and sell at the equilibrium price or any other price that is lower than the price floor when there is a binding price floor.

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Related Questions

the accumulation of borrowing by all federal government agencies is referred to as the part 2 a. gross private debt. b. net public debt. c. net private debt. d. gross public debt.

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All federal government agencies' borrowing is included in the gross public debt. ( Option D )

- More about gross public debt :

- The whole of the federal government's debts, including what it owes to itself, is known as the gross federal debt. The total of intragovernmental debt and debt held by the public is the gross federal debt.

- Net debt is the balance sheet value of the gross debt of a corporation less any cash and cash-like assets. On the other hand, a company's gross debt is only the sum of the book value of its debt commitments.

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According to , a manager who works with employees to develop performance expectations that are specific, measurable, attainable, relevant, and time bound will see performance improve.

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According to the "goal-setting theory," performance will increase if a manager collaborates with staff to create performance requirements that are precise, measurable, achievable, relevant, and time-bound.

Define the term goal-setting theory?

Goal-setting theory holds that setting clear goals is less successful than goals that are explicit and measurable.

In accordance with goal-setting theory, productivity can be increased by defining explicit, quantifiable goals. You may boost employee engagement while also enhancing employee performance in the workplace by implementing the goal-setting principle.Locke emphasized the need for clear goals as well as the notion that employees perform best when given difficult tasks. As a result of putting in the effort and advance their skills to complete these increasingly challenging targets, employees experience good feedback and a sense of overall accomplishment.Improvements in employee satisfaction, productivity, and engagement at work may follow from this.

Thus, according to the "goal-setting theory," performance will increase if a manager collaborates with staff to create performance requirements that are precise, measurable, achievable, relevant, and time-bound.

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the term for including a gain or loss in taxable income is:

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The term for including a gain or loss in taxable income is recognition.

Capital gains are generally covered in taxable profits, but in most instances, are taxed at a decrease rate.

A capital benefit is found whilst a capital asset is sold or exchanged at a rate higher than its basis.

The basis is an asset's buy rate, plus commissions and the price of enhancements less depreciation.

Taxable income is often referred to as adjusted gross income or adjusted profits minus deductions or exemptions.

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question 35 job performance is higher among employees who work for supervisors with low levels of task-oriented leadership and high levels of people-oriented leadership. true false

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Job performance is higher among employees who work for supervisors with low levels of task-oriented leadership and high levels of people-oriented leadership is a false statement.

What does a task-oriented leadership style entail?

Structure, planning, and timetables are highly valued by a task-oriented leader in order to accomplish goals. Planning in steps and reward/punishment schemes are two examples of the task-oriented leadership style. continually defining structure and objectives. placing emphasis on achieving particular results.

Who practices task-oriented leadership?

This type of management creates a structured workplace with distinct priorities and schedules. If you frequently need to finish a lot of goals on time, you might want to use task-oriented leadership.

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duke inc. issues a zero-coupon bond that will expire in 23 years, with a face value of $1000 and a yield to maturity of 13.2 percent. what should be its price right now? (retain two decimal places, such as 39.98. do not include the dollar sign.)

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The price of the bond right now is $57.74

The entire return anticipated on a bond if it is kept to maturity is known as yield to maturity (YTM). Although it is expressed as an annual rate, yield to maturity is regarded as a long-term bond yield. It is, therefore, the internal rate of return (IRR) of a bond investment if the investor holds the bond until maturity, with all scheduled payments made and reinvested at the same rate.

Years to maturity = 23

Yield to maturity = 13.2%

Face value = $1000

Price of the bond right now:

M/(1+r)^n

where M is the value at maturity or face value

r = rate of interest

n = number of years till maturity

Substituting the values we get:

= 1000/(1+0.132)^23

= 1000/17.3168

$57.74

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which of the following is true regarding the euro? (lo 5.2) group of answer choices all of these are true. exchange rate risk between participating european currencies is completely eliminated, encouraging more trade and capital flows across european borders.

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It allows for more consistent economic conditions across countries.

In my Point of View all of the above are true. Exchange rate risk between participating Euorpean currencies is completely eliminated and it encourages more trade and capital flows across European borders. It allows for more consistent economic conditions across countries. It prevents each country from conducting its own monetary policy.

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explanation of how economic hardship affects families; centers on negative effects of financial difficulties

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The psychological effects and reactions to financial challenges include pressures like unmet material requirements, the need to reduce necessary expenses, the inability to pay bills, and the difficulty to make ends meet.

Family economics studies how families balance time and financial demands, and how their decisions affect topics like fertility, employment, migration, raising children, how government grants are used, and the health and welfare of future generations. Economic hardship can have many core reasons, such as chronic disease, physical or mental disability, or having to care for sick family members. Others may experience economic hardship as a result of inadequate money management abilities. Families are vulnerable to the destructive effects of economic hardship and financial turmoil. Many families lose their houses, automobiles, retirement accounts, valuables, money, health insurance, and other things during hard economic times. Families frequently struggle to satisfy their bare necessities.

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the communication process begins with selecting a target audience -- the group with whom take-a-ride will be communicating. which target market would be the most likely to find the bike-share program valuable, and thus be the most profitable for the firm?

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According to the transmission model, communication is a one-way, linear process in which a sender encrypts a message before transmitting it across a channel to a receiver who decodes it.

What is Transmission Model of Communication?According to the transmission model, communication is a one-way, linear process in which a sender encrypts a message before transmitting it across a channel to a receiver who decodes it. Environmental or semantic noise may obstruct the message transmission.In 1948, Claude Shannon created the first significant communication model, which was later published by Bell Laboratories with an introduction written by Warren Weaver.In general, a transactional model is a model that considers interactions in two ways at once, such as from one person to another and back or from one subsystem to another and back.

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how might advertising reduce economic wellbeing? how might advertising increase economic well-being?

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Advertising may cut back economic well-being by exploiting resources to tell patrons concerning goods/services rather than manufacturing goods/services.

Advertising plays a robust role in the economy: It provides helpful data to customers that tells them about product and repair selections, moreover as examination options, benefits, and prices.

Advertising may cut back economic prosperity due to its pricey, manipulates people's tastes, and impedes competition by creating products that seem additionally different.

Advertising may cut back economic well-being as a result of it manipulating people's tastes and impeding competition by creating products that seem additionally different than their extremely area unit. However, advertising may increase economic well-being by providing helpful data to customers and fostering competition.

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a classification of costs that determines whether a cost is expensed to the income statement or capitalized to inventory is:

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A classification of costs that determines whether a cost is expensed to the income statement or capitalized to inventory is Period vs product

What is product and period cost with example?Product costs are those expenses directly associated with creating a good or service that will be sold. All additional indirect costs incurred during production are referred to as period costs.Common examples of period costs include overhead and sales and marketing expenditures.Direct materials, direct labor, and allocated plant overhead are a few examples of product expenses. General and administrative expenditures, including as rent, office depreciation, office supplies, and utilities, are examples of period costs.Sales include the cost of shipping and delivery. Although some could claim that sales costs are directly tied to production, the sales department can only function once production is complete and a product is offered for sale, making sales a secondary cost to production.

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1. consider the market for a new dvd movie, where the price is initially $20 and 20 copies are sold per day at a superstore, as indicated in the figure below. the superstore is considering lowering the price to $16. what is the price elasticity of demand between these two prices (use the midpoint formula)?

Answers

Answer:

A person who is skilled at performing calculations, has math skills for advanced analysis, and has organizational skills would be best suited to work as

a credit analyst.

a sales manager.

an advertising manager.

an administrative assistant.

Explanation:

what should happen in the final steps of the performance management process? (select all that apply)

Answers

In the final steps of Performance management

Identify ways employees can make the most of their current strengths and address weaknesses.Provide consequences for achieving or failing to achieve performance outcomes.

What do you mean by Performance management?

Performance management can be defined as an  continuous process of communicating about job responsibilities, priorities, performance that helps in improving an individual performances. The good performance management can be counted as  Planning, coaching, reviewing and rewarding.

Various types includes

Balanced Scorecard Objectives managementBudget-driven Business Plans

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traditionally, retail outlets carried related lines of goods. today, however, , or offering several unrelated product lines in a single store, is common. multiple choice scrambled merchandising mass merchandisingincorrect supersizing category formatting hypermarketing

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Traditionally, retail outlets carried related lines of goods. Today, however, a.scrambled merchandising, or offering several unrelated product lines in a single store, is common.

In previous times,  retail outlets just had a single line of products that were related. One did not have the luxury to find multiple kinds of products in a single business.

However, today, scrambled merchandising has become popular due to which a customer can locate many products in a single store and hence this has made the shopping process for customers more reliable and easy. One can easily find unrelated products in different sections of the same store.

The question will be written properly as:

Traditionally, retail outlets carried related lines of goods. today, however,or offering several unrelated product lines in a single store, is common. multiple choice

a)scrambled merchandising

b)mass merchandising

c)incorrect supersizing category

d) formatting hypermarketing

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supervisors should keep daily records of the number of calls made, number of not-at-homes, number of refusals, number of completed interviews for each interviewer, and the total for all interviewers under their control. these daily records are a part of

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The daily records in which supervisors keep daily records of the number of calls made, number of not-at-homes, number of refusals, number of completed interviews for each interviewer, and the total for all interviewers under their control are a part of sampling control.

In the field of business, one aspect of sampling control includes keeping a track of the interviewers. Under this control, the supervisors keep track of whether the interviewers are following the sampling plan or not. It is also ensured that the people taking interviews are effectively managing the number of people to be interviewed.

Under the sampling control, all the track records related to the interview conduction are made and managed. By managing interviews through sampling control, a company can easily filter out the best candidates for the job.

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the three major characteristics of the input source that generates arrivals or customers for the service system are . a. demographics, pattern, and behavior b. size, pattern, and behavior c. size, demographics, and pattern d. size, demographics, and behavior

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The input source that represents the arrivals of customers to a system services have three main characteristics, they are the size of the population, demographics or statistical distribution, and arrival behavior. So the answer is D.

What is the explanation of three major characteristics of the input source?

Arrival population size is seen as finite or unlimited. A population is expressed as a population limited if there are only users in the queue that occurs a limited number of potential services. While population unlimited number occurs when there is an unlimited number of materials or people in the queue and can come anytime.

Arrivals are considered random arrivals (random) if the arrival is not bound to each other and the arrival event cannot be predicted with accuracy. Often in queue problems, arrivals at each unit of time can be estimated by a probability distribution referred to as the Poisson distribution.

Arrival behavior describes customer behavior who patiently waits in line until they are served or not switching queue lines and customers who refuse to join in the queue because feel the time needed to get service is too long.

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according to arra a covered entity must have prior authorization for marketing purposes with the exception of:

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Except for recipient health care provider's treatment activities, arra states that a covered entity needs prior approval for marketing purposes.

A written authorization must be obtained according to the HIPAA Privacy Rule before any uses or disclosures of protected health information are made for marketing purposes, with the exception of two situations: when the communication takes place during a face-to-face meeting between the covered entity and the individual; or.

Any use or disclosure of protected health information by a covered entity that is not for treatment, payment, or health care operations, or as otherwise permitted or required by the Privacy Rule, requires the individual's express consent.

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if clooney corporation has physical inventory of $52,770 and reports inventory shrinkage of $1,600, what is the company's account balance of merchandise inventory? a.$52,770 b.$54,370 c.$51,170 d.cannot be determined from the information given

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Clooney corporation has physical inventory of $52,770 and reports inventory shrinkage of $1,600, then the company’s account balance of merchandise inventory is option (C) i.e. $51,170.

On occasion, the accounting records' physical inventory account does not agree with the inventory account. Any disparities should be investigated by the organization's management to identify their root cause. The term "inventory" includes both the raw materials utilized in production and the final goods that are put up for sale. Inventory is one of a company's account most significant assets because it is a key source of income generation and, as a result, a source of profits for the company's shareholders. Finished goods, works-in-progress, and raw materials are the three different types of inventory. It appears as a current asset on the balance sheet of a business. Some key features are - On a company's balance sheet, inventory is categorized as a current asset and comprises of both the raw materials needed to produce products and the items that are currently on the market. The three different types of inventory are goods in process, finished goods, and raw materials. The three methods used to evaluate inventory are the first-in, first-out method, the last-in, first-out approach, and the weighted average method. By creating or acquiring things only as needed, inventory management enables businesses to lower inventory expenses.

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convenience stores that sell household staple products such as milk and bread are addressing the situational factor of

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Convenience stores that sell household staple products such as milk and bread are addressing the situational factor of time.

A convenience store, availability shop, food store, or corner shop is a small sell trade that stocks a range of common articles to a degree coffee, food, lunch foodstuff, confectionery, soft drinks, ice creams, cigarette crop, drawing tickets, investment in company drugs, toiletries, newspapers, and pamphlets. These convenience stores are frequently the society assemblage spot, providing essential aids for the nearby residents like drinks, fuel, fiscal aids, or even mail.

Staple products, or staples as they are applied excessively, are those consumer goods that are wasted on a normal base and are purchased frequently or regularly. Staple merchandise are mainly drink articles like milk, grain, sugar, etc as they are eroded in an abundant abundance and they establish a dominant portion of a diet.

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cookie cutter, a firm that manufactures high-end mixers, donates $10 per mixer sold to a local food bank. this is a form of

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Manufactures  $10 per mixer sold to a local food bank  this is a form of corporate social responsibility.

What is food bank?

A food bank is a non-profit charitable organization that distributes food to those who struggle to buy enough to avoid hunger, usually through intermediaries such as food pantries and soup kitchens. Some food banks distribute food directly to their  food banks.

Ruokapankki is a non-profit organization that collects and distributes food to hunger relief organizations. Food banks serve as food storage and distribution warehouses for smaller frontline offices and usually do not directly feed people who themselves struggle with hunger.

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Which of the following accurately matches the stages of the hierarchy of effects model to the intended outcomes of marketing communications?
a. Liking and purchase = do
b. Awareness and knowledge = think
c. Conviction and purchase = feel
d. Knowledge and satisfaction = believe
e. All of the answers are correct.

Answers

Awareness and knowledge = think matches the stages of the hierarchy of effects model to the intended outcomes of marketing communications.

The messages and media that marketers use to communicate with their target markets are referred to as marketing communications, or marcom. Traditional advertising, direct marketing, social marketing, presentations, and sponsorships are a few examples of marketing communications.

Building connections with new and current clients through social media networks is the responsibility of marketing communications specialists. They oversee occasions like trade exhibits or conferences when they can speak with people directly. They must keep up these connections to guarantee the long-term success of a business.

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based on predicted production of 15,000 units, a company anticipates $210,000 of fixed costs and $176,250 of variable costs. the flexible budget amounts of fixed and variable costs for 13,000 units are (do not round intermediate calculations):

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Fixed costs remain at $210,000Variable costs = ($176,250 / 15,000) x 13,000 units = $152,750

What is a fixed cost?

Fixed costs, commonly referred to as indirect costs or overhead costs in accounting and economics, are costs incurred by a corporation that are independent of the volume of goods or services it produces.

Like monthly rent or interest payments, they repeatedly take place. These costs are frequently capital costs as well.

Rent and leasing fees, salaries, energy prices, insurance premiums, and loan repayments are a few examples of fixed costs.

Some taxes, such as those associated with business licensing, are also fixed expenses. You should be cautious when introducing fixed costs to your small business since you must pay them regardless of how much you sell.

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Vida is a purchasing agent for Wholesome Foods with the authority to buy grain up to a certain quantity. After the grain is bought, the agency relationship terminates

​automatically.
​following notice to all actual grain sellers.
​following notice to all potential grain sellers.
​following published notice in a local newspaper.

Answers

Vida is a purchasing agent for Wholesome Foods with the authority to buy grain up to a certain quantity. After the grain is bought, the agency relationship terminates ​automatically. So first option is the correct one.

An agency relationship is created by what?

An agency relationship is established when one person (the principle) authorizes another person (the agent) to act on his or her behalf while still being under the P's authority. Most frequently, agency is discussed in reference to business-related issues of some kind. The term "master-servant" applied to this relationship under common law.

What makes agency relationships crucial?

For their customers to reach their audience, agencies are essential. The client-agency connection must therefore be solid. To their intended audience, agencies communicate the client's vision. The effectiveness of the agencies affects sales and marketing.

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A? B? C? Or D? Please answer

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Answer: C the client is always right in the end you want to benefit and help the person out and been seen as helpful not pushy

allen and ray are childhood friends. at their workplace, ray is allen's boss. during one of their conversations, allen brings up the fact that according to the company's policy regarding promotions, he is eligible to be promoted. allen tells ray that not only has he been with the company for 10 years, but he has also made significant contributions to the company. ray, however, seems reluctant and gives allen a number of reasons as to why promoting him right now would not be a good move. he tells allen that he will think about the promotion next year. after their conversation, allen feels that ray did not show professionalism and did not take the matter seriously. which of the following dimensions of context has most likely affected this interaction?

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After their conversation, Allen feels that ray did not show professionalism and did not take the matter seriously the dimensions of the social context have most likely affected this interaction.

It means finding ways to communicate effectively and appropriately and to be productive at all times. Employers want their new hires to be responsible, ethical, team-oriented and have good communication, interpersonal and problem-solving skills. Summing up these skills gives you professionalism.

Professionalism means being trusted, setting your own high standards and showing that you care about every aspect of your work. It's about being diligent, organized, and taking responsibility for your thoughts, words, and actions.

Professionalism is the ability or behavior of a normal person to behave in a more formal or businesslike manner. An example of professionalism is a lawyer who exhibits normal skills as a lawyer.

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hyperion enterprises had asset turnover of .40 in 2022. if net assets were $678,000 at the beginning of the year and $895,000 at the end of the year, what were net sales for 2022?

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Average assets = (Begging assets + Ending assets) / 2 Average assets Average Assets = (678000 + 895000) / 2 = 786500.

Net sales = Asset Turnover times Average Assets.

Net sales = 0.40 x 786.500 = 314,600.

The total of a company's net sales is its gross sales less any returns, allowances, and discounts. Externally, net sales calculations are not always obvious. They can frequently be taken into account when calculating top-line revenues that are shown on the income statement.

You can take out all additional deductions, such as discounts, returns, and allowances, by subtracting the total number of sales. Your net sales, for instance, would be $96,000 if your gross sales were $100,000 and you deducted $2,000 in sales discounts, $1,000 in sales allowances, and $1,000 in sales returns.

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as a result of a slowdown in operations mercantile stores is offering to employees who have been terminated a serverance package of 200000 cash another 200000 to be paid in one year and an annuity of 40000 to be paid each year for 20 years

Answers

The cash paid today has the same present value $200,000. The Present Value of $200,000 is $182,000 and the present value of $40,000 is $269,099.100.

Present value may be defined as a number of value today is worth more than that same number in the future. Present value also says money send in the future is not worth as much as an similar amount received today.

The cash paid today has the same present value  $200,000.

To determine the Present value of $200,000 face value

Here the calculate:

PV = FV x 1/(1+r)ⁿ

PV = $200,000 x 1/(1+0.10)¹

PV = $200,000 x 1/1.10

PV = $200,000 x 0.91

PV = $182,000

To determine the Present value of $40,000 annuity

PV = FV x 1/(1+r)ⁿ

PV = $40,000 x 1/(1 + 0.10)²⁰

PV = $40,000 x 6.73

PV = $269,099.100

That question is not complete and there is a missing part. The complete question has attached.

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if a firm reduces its leverage... group of answer choices ... its cost of equity will go down. ... its cost of equity will not change. ... its wacc will go down. ... its cost of debt will go up. ... its cost of capital will go down.

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Reducing leverage entails the company's capital structure's debt component being reduced. By doing so, the loan will be paid off and WACC will rise. It has no effect on equity cost. The solution to the posed question is E. Its equity cost won't alter.

The weighted average cost of capital (WACC) demonstrates to a business how costly it is to fund new initiatives or other expenses by obtaining funding from outside sources. Stocks and bonds comprise the two main divisions of these sources.

Given that the overall cost of capital is unrelated to the level of leverage, any change in leverage will not affect the firm's overall value or the market price of its shares.

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What element of a project plan describes the method of delivery that is covered by documents such as the technical specification and test plans?.

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The strategic element of a project plan describes the method of delivery that is covered by documents such as the technical specification and test plans.

The delivery plan of project deliverables. The delivery plan of project deliverables is a strategic element for every Project Manager. The goal of every project is in fact, to produce a result that serves a specific purpose.

The strategic element  of an integrated set of choices. These related to five elements managers must consider when making decisions like arenas, differentiators, vehicles, staging and pacing and economic logic.

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if a central bank increases the money supply in response to an adverse supply shock, then which of the following quantities moves closer to its pre-shock value as a result? a. output but not the price level b. both the price level and output c. neither output nor the price level d. the price level but not output

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If a central bank increases the money supply in response to an adverse supply shock, then  price level of the supplied commodity.

What is central bank ?A central bank refers to a public institution that controls the currency of a country or group of countries and controls the money supply. The main goal of many central banks is price stability. A central bank's key role  is to implement monetary policy to achieve price stability and  manage economic volatility. The political framework in which central banks operate has changed significantly in recent decades. Like any central bank, the ECB derives its income from a variety of sources. These range from interest income related to the issuance of banknotes, known as 'seigniorage income', to interest income on foreign exchange reserves, investments and bonds purchased under the Asset Purchase Program.

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lila warned the management team that if they didn't try to enter the foreign market now, it would be hard to expect growth experience because all of their competition would saturate the market. lila would like her company to be (reactive or proactive?).

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A strategic alliance is an association between two companies to undertake a collectively advisable undertaking whilst each retains its independence.

The settlement is less complex and much less binding than a joint venture, in which two agencies pool assets to create a separate commercial enterprise entity.

What is the function of strategic alliance?

Strategic alliances are not a panacea for each and every company and every situation. However, thru strategic alliances, groups can improve their competitive positioning, attain entry to new markets, supplement crucial skills, and share the threat and price of fundamental development projects.

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