A price ceiling of $90 results in a shortage because it increases the quantity demanded to 150 units while decreasing the quantity supplied to 80 units, resulting in a 70-unit shortage.
When the government imposes a price ceiling of $90, a shortage develops. A price ceiling is a maximum legal price set below the market equilibrium price, causing demand to exceed supply. To determine the impact, we need to know the equilibrium price, equilibrium quantity, the quantity supplied, and the quantity demanded at $90.
Assuming an equilibrium price of $120 with an equilibrium quantity of 100 units, here’s the breakdown:
At Price Ceiling of $90:
Quantity demanded: Let’s assume it increases to 150 units due to the lower price.Quantity supplied: Let’s assume it decreases to 80 units due to the lower price.Shortage: 150 units (demand) - 80 units (supply) = 70 units.This results in a shortage of 70 units. Price ceilings lead to shortages because they increase the quantity demanded while decreasing the quantity supplied, disrupting the market equilibrium.
Part g - interpreting the data what conclusion would you draw from the data presented?
At january 31, 2015, the balance in aislers inc.’s supplies account was $750. during february, aislers purchased supplies of $900 and used supplies of $1,125. at the end of february, the balance in the supplies account should be
Marillia paid $180 for 3 video games and 4 books. three months later she purchased 8 books and 6 video games. her brother guessed that she spent $320. assuming that the prices of video games and books did not change, is it possible that she spent $320 for the second set of purchases? explain
No, it is not possible that Marillia spent $320 for the second set of purchases.
Explanation:No, it is not possible that Marillia spent $320 for the second set of purchases. To determine this, we can set up a system of equations based on the given information. Let x represent the price of a video game and y represent the price of a book. From the first set of purchases, we know that 3x + 4y = 180. From the second set of purchases, we have 6x + 8y = 320. We can solve this system of equations to find the values of x and y.
Multiplying the first equation by 2, we get 6x + 8y = 360. This is different from the second equation, which means that the total cost of the two sets of purchases is not the same. Therefore, it is not possible that Marillia spent $320 for the second set of purchases.
What is the amount of money you still owe to their credit card company called?
Bike shares in major cities in which you use a smart phone to rent a bike are examples of
Mr. green is opening a new bakery. he has purchased an industrial oven which can accommodate twenty loaves of bread at a time. this oven represents which factor of production?
The industrial oven Mr. Green purchased is a capital factor of production. It enhances productivity and allows him to benefit from economies of scale. This investment helps produce bread more efficiently and at a lower cost.
Mr. Green's industrial oven in his new bakery represents the capital factor of production. Factors of production are divided into several categories, which include land, labor, capital, and entrepreneurship. In this context, the industrial oven is a tool that enhances the production process, making it an example of capital, as it is used to produce goods (bread) and is an investment into Mr. Green's business.
This is related to the concept of economies of scale, which refers to cost advantages that businesses obtain due to size. Larger or more efficient equipment, such as an industrial oven, allows Mr. Green to produce bread more economically by increasing productivity and reducing costs.
Examples:
A large industrial oven increases the number of loaves baked at once, lowering the average cost per loaf.Investing in an industrial-grade facility can significantly boost production efficiency and overall profitability.Thus, the industrial oven is an essential capital investment that helps enhance labor productivity in Mr. Green's bakery.
Name at least two things financial planning could help you do.
Which vaccine does acip recommend for all college freshmen, aged 21 years or younger, living in dormitories, who have not been previously vaccinated?
The north american free trade agreement continues to spark debate today, particularly concerning?
Cindy is a popular actress and has won countless acting awards in her 15 years in the industry. people always ask her what her secret is, and cindy tells them, "hard work always pays off!" she adds that each time she acts she's giving her all. cindy's belief is most likely in line with her
_____ involves the collection, organization, and analysis of numerical data.
Suppose scientists provide evidence that chocolate pudding increases the bad cholesterol levels of those who eat it. we would expect to see
a. no change in the demand for chocolate pudding
b. a decrease in the demand for chocolate pudding
c. an increase in the demand for chocolate pudding
d. a decrease in the supply of chocolate pudding
How to order pizza without your parents knowing?
A survey measures the level of tipping for service providers. this is what kind of variable?
The receptionist at the information desk of a hospital represents the ______ to the service operation system.
The hospital receptionist is the frontline interface to the service operation system, essential in guiding patients and managing information. The receptionist's role includes collecting vital details and aiding in the administrative process in an emergency room setting. When discussing such scenarios, clarity on whether the situation is hypothetical or witnessed is imperative for maintaining integrity.
The receptionist at the information desk of a hospital represents the frontline interface to the service operation system. This individual is essential in managing first impressions and is crucial in providing directional and administrative support to patients and visitors. In a hospital emergency room scenario, the receptionist's role expands to collecting vital personal details, insurance information, and initiating the care process for patients.
Hospital receptionists are also known for their ability to span boundaries within different parts of the organization. They often possess significant information power, similar to the switchboard operators depicted in the show Mad Men. With the introduction of new information systems, the goal of having a 'more professional information use' in hospitals is to tailor the information supplied to managers, ensuring more informed decision-making tailored to specific management roles.
In relation to discussing an emergency room scenario, whether it is hypothetical or witnessed, the writer has a duty to clarify. If it's a personal account, stating it was witnessed adds credibility. If it is hypothetical, this should be stated to maintain the integrity of the scenario being described. Alternatives could be citing statistics, using a fictional but realistic scenario, or quoting experiences from real patients without disclosing personal information.
If Ford decides to target women to sell its F-150 truck to, then what type of segmentation would Ford be using?
If Ford decides to target women to sell its F-150 truck, they would be using demographic segmentation. Demographic segmentation divides the market into groups based on various demographic factors such as age, gender, income, education, and more. In this case, the specific demographic variable being emphasized is gender, as Ford aims to appeal to women.
This strategy acknowledges that women are a significant and growing market segment for pickup trucks, challenging traditional stereotypes that associate trucks primarily with male consumers. By tailoring marketing campaigns, product features, and branding to meet the preferences and needs of female customers, Ford can potentially expand its market share and tap into an underserved demographic. However, it's important to note that demographic segmentation doesn't mean excluding other customer groups, but rather adjusting marketing efforts to better connect with a specific subset of the market.
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are camera cell phones elastic or inelastic?
In 2016, kelly writes like the wind, a novel about marathoners and ultra marathoners. kelly does not register the work with the appropriate government office. under federal copyright law, kelly’s work is protected
What is the most significant difference between leaders and assembly line workers in regard affecting the behavior of others?
Final answer:
Leaders impact organizational culture and employee behavior through their decision-making styles and day-to-day actions, differentiating their role from that of assembly line workers. High-quality leader-employee exchanges are professional relationships focused on productivity and growth, which differ from personal friendships.
Explanation:
The most significant difference between leaders and assembly line workers concerning influencing behavior is their level of impact on the organizational culture and decision-making. Leaders are responsible for shaping the organizational culture through their behaviors and reactions. They set the tone for what is acceptable and what is not, and they do this by how they praise employees, react to mistakes, set priorities, and conduct themselves in meetings. Additionally, different leadership decision-making styles, such as authoritarian, democratic, and laissez-faire, affect the organization's effectiveness and employees' reactions.
Regarding the high-quality exchange between leaders and employees versus being friends with them, there is a distinction. A high-quality exchange embodies a professional, mutually respectful and beneficial relationship where the leader mentors and guides employees, fostering their growth and productivity. On the other hand, friendship is a personal bond that might not always align with professional boundaries and organizational goals.
The market for smartphones has become very competitive. the increase in competition in this market is an example of how the market responds to
What kind of market runs most efficiently when only one firm supplies all the goods or services?
How did horizontal integration enable rockefeller to monopolize the u.s oil industry?
Rockefeller monopolized the U.S. oil industry by using horizontal integration. He merged with other oil companies, underpriced his product, and paid his employees low wages. This allowed him to control almost all oil refining businesses in the country.
Explanation:John D. Rockefeller monopolized the U.S. oil industry by utilizing horizontal integration. Horizontal integration refers to the merging of companies that operate in the same industry, allowing for greater control and dominance in the market. Rockefeller would merge with other oil companies or drive them out of the market by underpricing his product and paying employees cheaply. By using this strategy, Rockefeller created trusts, which are larger companies that control smaller ones, and eventually controlled almost all oil refining businesses in the country.
Rockefeller's horizontal integration allowed him to increase his market share and drive competition out of the industry. By merging with other oil companies, he was able to expand his control and dominate the market. He also underpriced his product and paid his employees low wages, giving him a competitive advantage. As a result, Rockefeller's Standard Oil Company controlled nearly 95 percent of the oil refining businesses in the United States by 1879.
In addition to horizontal integration, Rockefeller also employed vertical integration, where a company handles all aspects of a product's lifecycle. He acquired and invested in companies involved in everything from barrel-making to pipelines, tanker cars to railroads, allowing for further control over the oil industry. Through his ruthless tactics and strategic use of horizontal and vertical integration, Rockefeller was able to establish a monopoly in the U.S. oil industry.
Dell, microsoft, and unisys corporation created a partnership to design a voting system for several u.s. states. this is an example of ____.
The primary decision maker for a child's future is the
Each campaign in your adwords account should have a single:
Last month, lana sold 35 necklaces a week at $15 each. however, throughout the month, 6 customers returned their necklaces for a full refund due to defective clasps. how much did lana make selling necklaces last month? (hint: assume there were 4 weeks in the last month.) $
Lana sold 140 necklaces in total last month. After refunds for 6 defective necklaces, her final revenue was $2,010. This calculation considers initial sales and the cost of refunds.
To determine how much Lana made selling necklaces last month, we need to calculate her total revenue before and after the refunds.
Step 1: Calculate the total number of necklaces sold per week and for the entire month. Lana sold 35 necklaces per week:
35 necklaces/week × 4 weeks = 140 necklacesStep 2: Calculate the total sales before refunds. Each necklace is sold for $15:
140 necklaces × $15/necklace = $2,100Step 3: Subtract the amount refunded for the 6 defective necklaces:
6 necklaces × $15/necklace = $90Step 4: Calculate the final revenue:
$2,100 (total sales) - $90 (refunds) = $2,010Therefore, Lana made $2,010 selling necklaces last month.
Which of the following would be a duty of an instructional teacher aide?
A. Perform all his or her duties outside of the classroom
B. Monitor small groups of students, teach (under supervision), and do clerical work
C. Care for sick children and clean the floors
D. Supervise children during recess and field trips
Which of the following would be a duty of an instructional teacher aide?
A. Supervise children during recess and field trips
B. Monitor small groups of students, teach (under supervision), and do clerical work
C. Perform all his or her duties outside of the classroom
D. Care for sick children and clean the floors
THE CORRECT ANSWER IS B,
In a six square-block tract of downtown boston, it is possible to purchase a bagel with cream cheese, dine on raw fish in a sushi bar, or grab a slice of pizza from a street vendor. this variety of food choices illustrates the process of:
Final answer:
The variety of food choices in a small area of Boston represents the processes of cultural diversity and globalization in urban food landscapes, highlighting both the positive exposure to different cultures and the need for sustainable local agriculture and addressing food deserts.
Explanation:
The variety of food choices in a six-square-block area of downtown Boston—that is, being able to purchase a bagel with cream cheese, dine on raw fish in a sushi bar, or grab a slice of pizza from a street vendor—illustrates the process of cultural diversity and globalization. The food landscape in urban areas often reflects a mosaic of cultural identities, with various cuisines offering a taste of different cultures and underscoring the interconnectedness of our global community. These eating establishments signify not only the culinary preferences of a cosmopolitan populace but also the broader social and economic processes that bring diverse food options to a localized setting.
As Michael Pollan highlights, the act of eating together transforms the act of consumption into a cultural ritual that fosters community and family. Furthermore, the trend towards local food movements and the importance of having access to fresh and locally-sourced food is increasingly recognized in contrast to the globalized food chain, which often requires long-distance transportation and preservation techniques that may diminish food quality.
In essence, the passage of different foods into these urban tracts from around the world, while beneficial in exposing people to new cuisines, also calls attention to the importance of sustainable local agriculture, the challenges posed by food deserts, and the overall impact of globalization on our food systems and health.
The most common place for a bill to die is __________.
in committee
on the floor
from a lack of sponsors
in the Oval Office, by presidential veto
Answer:
the correct answer would be A.) in committee
Explanation:
When abigail buys salt, the core product and the actual product are: the salt itself and seasoning for her food the same seasoning for her food and the salt itself not related?
The core product Abigail seeks when buying salt is the seasoning for her food. The actual product she purchases to achieve this is the salt itself.
Explanation:
When Abigail purchases salt, the terms 'core product' and 'actual product' refer to two different concepts. In this case, the core product is the fundamental benefit or solution that Abigail seeks, which is seasoning for her food. On the other hand, the actual product is the tangible item Abigail purchases: the salt itself. The connection between the two lies in the utilization of the actual product to derive the core product. Abigail purchases and uses the salt (the actual product) to season her food and bring out its flavor (the core product).
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