Answers: 2
Business, 22.06.2019 03:40
2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.
Answers: 2
Business, 22.06.2019 07:00
Amarket that consists of all possible consumers regardless of their specific needs or wants is a
Answers: 1
Business, 22.06.2019 11:40
During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million
Answers: 1
Business, 23.06.2019 18:50
Acme foods wants to make its chips saltier, but it doesn't want to spend more than it has to on salt. a sample of consumers are asked to compare its current chip (saltiness = 100) with saltier versions and to say whether the new version is saltier. on average, sample consumers reliably say the new chip is saltier when its saltiness value is 108, but not when its saltiness value is below 108. assuming acme foods' sample consumers are representative of people in general, which of the following best represents the just noticeable difference for saltiness? a. 8% b. 108 c. 80% d. 100
Answers: 2
If the opportunity cost rate is 6% compounded annually, what is the present value of $12,100 due to...
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