Deadweight loss increases from zero to the area (b+d).
The economic way of thinking suggests that price controls such as price ceilings may lead to unintended consequences that undermine the efficiency and equity of the market, and may require complementary policies or reforms to address them.
Part A:
In a market with perfectly inelastic supply and elastic demand, a binding price ceiling will create a shortage as the quantity demanded exceeds the quantity supplied at the regulated price.
As shown in the diagram below, the original equilibrium price is P1 and quantity exchanged is Q1. With a binding price ceiling set at Pc, the market price cannot rise above that level, which results in excess demand or shortage of Qd – Qs units. The new quantity exchanged is Q2, which is smaller than the initial quantity of Q1 due to the lower price.
[Insert Diagram Here]
The changes in consumer surplus, producer surplus, and deadweight loss can be visualized as follows:
Consumer surplus decreases from the area (a+b+c) to the area (a).
Producer surplus decreases from the area (d+e+f) to the area (f).
Deadweight loss increases from zero to the area (b+d).
Part B:
Given the situation described in Part A, we can expect people to make non-price adjustments such as queuing, rationing, or searching for substitutes for the regulated product. Consumers may also try to obtain the product through illegal means or black markets, which may compromise their safety and well-being.
Furthermore, producers may reduce quality, cut costs, or exit the market altogether due to the lack of incentives to produce at a lower price. This can result in a reduction in the variety and availability of the regulated product, as well as a decrease in innovation and investment in the industry.
Overall, the economic way of thinking suggests that price controls such as price ceilings may lead to unintended consequences that undermine the efficiency and equity of the market, and may require complementary policies or reforms to address them.
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A ________ would most like argue in favor of more progressive taxation, strong reproductive rights, and foreign aid to poorer nations.
A socialist would most like argue in favor of more progressive taxation, strong reproductive rights, and foreign aid to poorer nations.
Who is a socialist?Socialist is a person that stand to fight and support the poorer nations for their maximum rights and access to essentials in which other nations benefits from.
They support and fight for them in terms of progressive taxation, reproductive Rights and so on.
Therefore, socialist would most like argue in favor of more progressive taxation, strong reproductive rights, and foreign aid to poorer nations.
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Define the mergers and acquisitions of Tesla and define what has the company gained?
According to FoolProof and most consumer groups credit cards have a huge
and usually bad impact on a young person's ability to budget and save. Tell us
which statements about credit cards are correct.
1. Every time you use your credit card you are borrowing money from a
stranger.
2. My credit card company says I can owe up to $1,000 on my credit card.
Therefore as long as I pay off my bill in full every month, the maximum I
should charge on my credit card is $800.
3. Many credit card companies charge a "teaser" rate to get you to take their
card and then raise that rate later.
4. According to FoolProof, and many other consumer groups, some credit
cards designed for young people are the worst credit card's you could ever
get.
5. Credit card companies charge you interest any time you charge a
True statements include Using a credit card entails taking out a loan from the business. Teaser rates might go up. Some young people's credit cards have low limits and exorbitant fees. On unpaid debt, interest is applied.
Which two of the following statements accurately define financial credit?Credit comes in the form of loans and credit cards. Lenders, companies, and future employers use financial credit to assess a person's reliability.
Which of the following points ought to be taken into account while creating a spend plan?A spending plan should account for all of your income, expenses, and savings contributions. Unexpected expenses like family vacations should be included in a spending plan in addition to normal monthly expenditures like rent and bills.
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People who are high in self-awareness are better able to manage upsetting situations because they_____. a) are able to assertively fight back and dominate situations. b) avoid self-reflection when feeling strong emotions. c) can identify the triggers that cause strong emotions. d) are insensitive to emotions of any kind.
After considering the given data and set of options we conclude that the satisfactory option is C, which can identify the triggers that beget strong feelings.
An incapability to acclimatize self - awareness can alter circumstances leading to uncomfortable midairs for others and lead to lesser conflict.
Being tone- apprehensive could prop in managing stress by separating the erected feelings from who the existent are as a person tone- mindfulness is considered one of the most important cerebral traits that an existent can develop within yourself for life.
Its aids to do in the area of managing feelings in a good or bad situation and proclaims understanding sins at work or being realistic on what the existent can negotiate.
Emotional self-awareness is described as the capability to fete own feelings and their goods. People who have great tone- mindfulness are more leaders because of it.
Self-awareness is shortly known as the capability to be apprehensive of one’s inner life — one’s feelings, studies, actions, values, preferences, pretensions, strengths, challenges, stations, mindsets, and so forth — and how these rudiments impact geste and choices.
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which of the following should be pracited among all co workers in the workplace
a.bullying
b.discrimination
c.stereotyping
d.tolerance
Answer:
c
Explanation:
Answer:
D. Tolerance
Explanation:
Because what, you souldnt do any of the others, dude, teachers sometimes
what is the current prices of a $1,000 par bond maturing in 12 years with a coupon rate of 14%, paid semiannually, that has a ytm of 13%? round to the nearest dollar.
The current prices of a $1,000 par bond maturing in 12 years with a coupon rate of 14%, paid semiannually, that has a ytm of 13% is $ 130000 .
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 assuming the investor retains the bond to maturity, with all scheduled payments made and reinvested at the same pace.
Yield to maturity is comparable to current yield, which calculates how much money would be made by purchasing and keeping a bond for a year by dividing annual cash inflows from that bond by its market price. The value of a coupon paying bond is calculated by discounting the future payments (coupon and principal) by an appropriate discount rate.
The bond characteristics are summarized below:
Par Value = $1,000
Yield = 13% annual (13/2 =6.5% semi-annual)
Coupon = 12% with semi-annual payment of $60
Maturity = 1 year
The value of the bond is calculated as follows:
$1000 of 13% = (13/1000)* 100 =130
Calculate PMT = FV*Coupon Rate
Current price = $1000*130
Price = $ 130000
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Click this link to view O*NET's Work Activities section for Postsecondary Education Administrators.
Note that common activities are listed toward the top, and less common activities are listed toward the bottom.
According to O*NET, what are common work activities performed by Postsecondary Education Administrators?
Check all that apply.
making decisions and solving problems
operating vehicles
communicating with supervisors, peers, or subordinates
establishing and maintaining interpersonal relationships
repairing and maintaining electronic equipment
drafting, laying out, and specifying technical devices, parts, and equipment
Answer:
BDE
Explanation:
Answer:
A C D
Explanation:
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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An investment project offers $4,350 per year forever, with the first payment occurring one year from now. if the interest rate is 6%, what would you pay to participate in this project?
You would pay $72,500 to participate in this investment project, given a 6% interest rate.
How to find the amount one would pay to participate in this investment project to determine the amount one would pay to participate in this project, the following formula is used;
PV = A/r where,
PV = Present Value of the investment project
A = Annual payment
I = Interest rate
PV = 4350/0.06
PV = $72,500
Therefore, the amount that one would pay to participate in this project is $72,500.To determine the present value of the investment project that offers $4,350 per year forever, with the first payment occurring one year from now, with an interest rate of 6%, and the amount that one would pay to participate in this project would be $72,500.
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If a harmful substance is used in a workplace, the company must provide what informational document to employees? A. Material safety data sheet B. Ergonomics checklist C. Guarantee D. Warranty Please select the best answer from the choices provided A B C D.
You have a credit card account with a previous balance of $635. You added two additional purchases for $75 and $50 during this billing period. You made a payment of $150. Your APR is 16. 5%. Using the adjusted balance method, what is your new balance?
The new balance of the credit card account using the adjusted balance method is $618.39.
What is the adjusted balance method?The adjusted balance method is a credit card accounting method that bases finance charges on the adjusted ending balance of the account.
This implies that the finance charge is computed on the amount the cardholder owes at the end of the current billing cycle after posting both credits and payments to the account.
Data and Calculations:Beginning balance $635
Purchases 75
Purchases 50
Payment (150)
Adjusted balance $610
Finance Charges 8.39 ($610 x 16.5% x 1/12)
Ending balance $618.39
Thus, the new balance of the credit card account using the adjusted balance method is $618.39.
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_____ managers are responsible for departments that perform a single functional task and have employees with similar training and skills.
Answer:
Functional
Explanation:
Functional managers are responsible for the management and provision of control over a business unit in an organisation. They manage people and the resources in a business unit such as marketing, customer care unit etc. One of the many advantages of functional management in an organization is that they focus on certain area of specialization, meaning that workers have special skills related to their job functions.
why is cooperative skill important in good trade? give the reasons..
Answer:
Team cooperation encourages employees to work together for the benefit of the organization. It reduces the desire of employees to complete against each other,which often never good for the business,and instead focus on working together to achieve a common goal.
A restaurant plans to use a new food delivery service. The food delivery service charges $5. 48 for every 2 meals delivered, plus a $3. 50 service fee. What is the slope of this situation?.
Based on the amount the food delivery service charges for every 2 meals delivered, the slope of this situation is $2.74.
How to find the slope?The slope of a situation refers to the change in the dependent variable as a result of a unit change in the independent variable.
The independent variable in this situation is the number of meals delivered so the slope will be the amount that the food delivery service charges for every meal that they deliver.
You may get the slope of the line by determining the rise and the run using two of the line's points. The rise and the run are terms used to describe changes in height between two places. Rise divided by Run gives you the slope. Rise + Slope = Rise + run = slope.
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Which should you finance first?
O your needs
O your wants
O your savings
O your investments
in my opinion, the last option. i would spell it out but it won’t let me lolz
Which element of a marketing plan outlines how products or services will be sold and delivered to customers?.
Advertising plan element of a marketing plan outlines how products or services will be sold and delivered to customers. The core of your marketing strategy is this.
Your marketing strategy should specify how you intend to connect with your target market at each step. Your Targeted Customer Is the Most Crucial Aspect of a Marketing Plan. Contributors to Entrepreneur are free to share their own opinions. The most crucial and ongoing task for any marketer is to understand their advertising target audience. The plan's marketing implementation section describes how marketing strategies will be put into practise. The performance evaluation lays out the criteria by which results will be assessed.
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The materials price variance is the difference between the actual price of materials ______. Multiple choice question. and the standard price for materials with the difference multiplied by the standard quantity of material allowed and the standard price for materials with the difference multiplied by the actual quantity of materials times the actual quantity of materials and the standard price of materials times the standard quantity allowed for production
Answer:
and the standard price paid for direct materials multiplied by the actual quantity of direct materials purchased
Explanation:
The formula to calculate the material price variance is
Material price variance is
= (Standard price - actual price) × actual quantity
Based on the above formula, the above statement represent the formula of the material price variance
Hence, the same is to be considered
Given the following probabilities and returns for Mik's Corporation, find the standard deviation.Probability Returns0.04 7%0.25 4%0.15 18%0.20 10%Standard DeviationThe standard deviation is the total risk of an investment. It is measured as the square root of the variance which is the sum of the probability-weighted average of the squared differences from the mean.
The standard deviation for Mik's Corporation is approximately 5.61%. This value represents the total risk of the investment.
Calculate the standard deviation for Mik's Corporation?
Hi, I'd be happy to help you calculate the standard deviation for Mik's Corporation given the probabilities and returns.
Calculate the expected return.
Expected Return = Sum of (probability * return) for each possible outcome
Expected Return = (0.04 * 7%) + (0.25 * 4%) + (0.15 * 18%) + (0.20 * 10%)
Expected Return = 0.28% + 1% + 2.7% + 2%
Expected Return = 5.98%
Calculate the squared differences from the mean.
Differences = (Return - Expected Return)² for each possible outcome
Differences = (7% - 5.98%)², (4% - 5.98%)², (18% - 5.98%)², (10% - 5.98%)²
Differences = (1.02)², (-1.98)², (12.02)², (4.02)²
Calculate the probability-weighted average of the squared differences.
Probability-weighted average = Sum of (probability * squared difference) for each possible outcome
Probability-weighted average = (0.04 * (1.02)²) + (0.25 * (-1.98)²) + (0.15 * (12.02)²) + (0.20 * (4.02)²)
Probability-weighted average = 0.0416 + 0.9801 + 27.2166 + 3.2352
Probability-weighted average = 31.4735
Calculate the standard deviation.
Standard Deviation = Square root of the probability-weighted average of the squared differences
Standard Deviation = √31.4735
Standard Deviation ≈ 5.61%
The standard deviation for Mik's Corporation is approximately 5.61%. This value represents the total risk of the investment.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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list at least 3 places where you can look for information about license and permits
Answer:
billing and safety department, public works, DMV, and city license office.
The most important ingredient of a press release is______ . Organizations might use a press release__________ or__________ .
gossip, promotions, news
(poetic language/sales data/news)
The most important ingredient of a press release is "news". Organizations might use a press release for "promotions" or "gossip".
The most important ingredient of a press release is news.
Organizations might use a press release to share exciting promotions or sales data, but the focus should always be on providing newsworthy information rather than just gossip.
While some organizations may use poetic language to make their press releases more engaging, the primary goal should always be to share valuable news with the public.
In summary, a press release is primarily used by organizations to share important news, but it can also be utilized for promoting events or sharing gossip.
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a $75,000 face value strips is quoted at 95.100. what is the dollar price?
The dollar price of the strips is $71,325.
The dollar price of the $75,000 face value strips quoted at 95.100 can be calculated using the following formula:
Dollar price = Face value x Quote
where the quote is expressed as a percentage.
Substituting the given values, we get:
Dollar price = $75,000 x 0.951
= $71,325
Therefore, the dollar price of the strips is $71,325.
The dollar price of a bond or strips can be calculated by multiplying the face value of the bond by its quoted price expressed as a percentage.
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define ecommerce in business with example
Answer:
See below
Explanation:
eCommerce refers to business transactions conducted via internment. eCommerce is the short form of electronic commerce. It is the selling and buying of products and services through the internet platform. eCommerce includes other commercial transactions conducted online such as online/internet banking, online money transfers, online auctions, ticketing, and payments.
An example of eCommerce is the online retail stores where shoppers pick and select merchandise on the retail store's website and pay online. The retail store then organizes for the items to be delivered to the customer's premises.
URGENT: I NEED TO SUBMIT IT IN 20 MINUTES!!! I"LL GIVE 20 POINTS
Suppose the figure represents the market for peaches and there are no externalities in the market. If the market is in equilibrium, the value of producer surplus is:
$1500
$1200
$3000
$2400
If the market is in equilibrium, the value of producer surplus is $2400. The answer is OPTION D.
Region of the triangle between the supply and pricing lines. (base*height)/2. The whole amount that a producer makes when they create and sell a certain amount of an item at the going rate is known as the producer surplus.
The producer surplus is equal to the entire revenue from sales of a producer's goods minus the marginal cost of production. A market's overall surplus serves as a gauge for the general well-being of all members. Combined consumer and producer surplus make up this amount. Consumer surplus is the gap between what customers are prepared to pay and what they actually pay for a good.
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Define demand and supply
The checkbook balance on May 31 is $16,462.35
The Bank Statement shows an ending balance of $16,833.19
Deposits of $575 on May 29 and $1,075 on May 30 do NOT appear on the bank statement.
The bank statement shows a service charge of $20.00.
The following checks are outstanding:
Check 189 - $127.50
Check 191 - $462.19
Check 192 - $569.42
Check 194 - $881.73
in a journal
a) The journal entry to adjust the checkbook balance is as follows:
May 1 Debit Bank Charges $20
Credit Checkbook $20
b) The preparation of the Bank Reconciliation Statement is as follows:
Balance as per bank statement $16,833.19
Add Uncleared Deposits $1,650.00
Less Outstanding Checks $2,040.84
Balance as per adjusted checkbook $16,442.35
What is bank reconciliation?Bank reconciliation is an accounting process to bring the balance as per the bank statement to agree with the balance as per the checkbook.
The accounting process tries to identify discrepancies and accounting errors between these sets of records to correct and reconcile the differences.
Checkbook balance on May 31 = $16,462.35
Bank Statement balance on May 31 = $16,833.19
Uncleared Deposits:
May 29 $575
May 30 $1,075 $1,650
Outstanding Checks:
Check 189 - $127.50
Check 191 - $462.19
Check 192 - $569.42
Check 194 - $881.73 $2,040.84
Bank charges = $20.00
Checkbook Adjustment:Balance as per checkbook $16,462.35
Less Bank charges 20.00
Adjusted checkbook balance $16,442.35
Transaction Analysis for Journal:Bank Charges $20 Checkbook $20
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Question Completion:Journalize the adjusting entry for the checkbook balance and prepare the bank reconciliation statement.
. Suppose you are choosing between a checking account with a $0.40 per-check fee and no monthly fee or an account with free checking and a $6.50 monthly fee. What is the minimum number of checks you need to write for the monthly fee to be a better option?
Answer:
You answer should be 17
Explanation:
If you write 17 checks for $0.40 your would pay $6.80 at the end of the month, which then makes the one with a monthly fee a better option.
Define ''limited in stock''
Answer:
Explanation:
it means that the product wont be around aymore since its limited to retailer?
what kind of leadership style would be best to employ if quick decisions are needed on a team
laissez-faire
Democratic
autocratic
Answer:
autocratic
Explanation:
In autocratic leadership, the leader takes charge of all decisions makings. He or she does not consult the input from group members. Autocratic leaders, also known as authoritarian, typically make choices based on their ideas and judgments and rarely accept followers' advice.
One advantage of autocratic leadership is that decisions are made very fast. Since the leader does not need to consult anybody, he uses his judgment to make a decision. Autocratic style of leadership contrast with democratic leadership, where the leader consults members before making decisions.
which of the following auditing techniques would be the most appropriate for a retail business with a large volume of transactions to address emerging risk proactively?
Continuous Auditing would be the most appropriate for retail business which has a large volume of transactions to address emerging risk.
In order to handle a large volume of transactions in a retail business for auditing, the Continuous Auditing method is best suitable to handle and address the emerging risk proactively.
The implementation of Continuous Auditing enables a real-time feed of information to management which is conducted through automated reporting processes so that the management can proceed with corrective measures immediately.
It is most appropriate for auditing because it enables an immediate response in a timely manner because the findings are gathered in real-time.
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