A political leader comes to you and wonders from whom she will get the most complaints if she institutes a price ceiling when demand is inelastic and supply is elastic. a. How do you respond? Producers will likely complain the most because they are forced to limit the quantity supplied. This decrease leads to lower revenues and hence lower profits. Relative elasticities don’t matter. Although consumers will pay a lower price with the price ceiling, fewer trades will occur. Consumers will likely complain the most because the inelastic demand suggests consumers have few alternatives. Consumers will likely complain the most because their inelastic demand leads to a much higher quantity demanded with a price ceiling. This increased quantity demanded cannot be met because suppliers lower their output when a price ceiling is put in place. Producers will likely complain the most because a price ceiling is an implicit tax on producers and an implicit subsidy to consumers. Some producer surplus is transferred to consumers. Relative elasticities don’t matter.

The following cost data pertain to the operations of montgomery department stores, inc., for the month of july. corporate legal office salaries $ 75,300apparel department cost of sales"evendale store $ 97,200corporate headquarters building lease $ 50,300store manager's salary"evendale store $ 12,900apparel department sales commission"evendale store $ 11,550store utilities"evendale store $ 12,800apparel department manager's salary"evendale store $ 10,450central warehouse lease cost $ 18,600janitorial costs"evendale store $ 11,800 the evendale store is just one of many stores owned and operated by the company. the apparel department is one of many departments at the evendale store. the central warehouse serves all of the company's stores. required: 1. what is the total amount of the costs listed above that are direct costs of the apparel department? 2. what is the total amount of the costs listed above that are direct costs of the evendale store? 3. what is the total amount of the apparel department's direct costs that are also variable costs with respect to total departmental sales?

The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?

Which of the following is least likely to a team solve problems together