Suppose that the city of rentville sets a price ceiling of $800 a month on all apartments, although the market equilibrium rent is $1,000. which of the following is least likely to occur? a) an increase in the quantity of existing apartments in rentville. b) a decrease in new apartments being built in rentville. c) a shortage of apartments in rentville. d) an excess of quantity demanded over quantity supplied in the market for apartments.

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.