If the long-run demand for oranges is the same as the short-run demand, a binding price ceiling will result in a shortage that is larger in the long run than in the short run.
What is a binding price ceiling?
A binding price ceiling is when the government or an agency of the government sets the maximum price for a product below the the equilibrium price.
In the long run, as a result of the binding price ceiling, there would be a decrease in the supply of oranges. If the demand in the long run and short run is the same, there would be a shortage.
Here is the complete question:
Because it takes many years before newly planted orange trees bear fruit, the supply curve in the short run is almost vertical. In the long run, farmers can decide whether to plant oranges on their land, to plant something else, or to sell their land altogether. Therefore, the long-run supply of oranges is much more price sensitive than the short-run supply of oranges.
Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a:.
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Ted's property is in foreclosure, but he has some equity in his property. An investor suggests that she and Ted enter into a sales contract for a substantially higher price than the investor would actually pay. The investor pockets the cash and allows the house to be foreclosed on. What sort of scheme is this
Based on the given information the sort of scheme is: Equity skimming.
What is Equity skimming?Equity skimming can be defined as the way in which an investor defraud or steal a person property equity because the property is in foreclosure.
Since the investor pockets the cash he received from Ted and allow the house to be foreclosed the investor is engaging in what is called equity skimming which is fraudulent acts.
Inconclusion the sort of scheme is: Equity skimming.
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The process by which new products and technologies drive out existing products and techniques is known as: Destructive creation. Creative destruction. Consumer sovereignty. Capital accumulation.
Answer:
The correct answer is B. Creative destruction
Explanation:
The process by which new products and technologies drive out existing products and techniques is known as: Creative destruction.
The money demand curve is downward sloping because:.
The informal communication network, called the grapevine, doesn't follow authority lines and is established by social affiliation of members of an organization so it is:
It should be noted that Diagonal communication is an informal communication network, called the grapevine.
What is Diagonal communication?Diagonal communication serves as sort of hybrid between vertical and horizontal communication.
This Diagonal communication doesn't follow authority lines.
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_____________ is a deliverable-oriented grouping of the work involved in a project that defines its total scope.
Answer:
A work breakdown structure
which banking service is Emery most interested in?
Answer:
Banking service is the emery most interested in Payment Services.
A key difference between interest payments and dividend payments is: Multiple select question. dividends are tax deductible. dividends are not tax deductible. interest is not tax deductible. interest is tax deductible.
A key difference between interest payments and dividend payments is dividends are not tax deductible.
What are dividend payments and interest payments?Dividend payments are income recived by shareholders of a company. Dividend payments is ususally variable. Interest payments are payments made to bondholders. Interest payments are fixed.
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Henry recently set up a retail store in his hometown. He studied the pattern that other storeowners followed in obtaining new customers. All their current customers had referred the store to their friends and family. Their awareness basically spread through word-of-mouth. Henry knew that his store offered the same quality as the other stores did. His store was also on the same street as the other retail stores. Given the setting, the other storeowners were already charging their customers the bare minimum in order to remain competitive. Which P of marketing should Henry concentrate on to distinguish his retail store?
Answer :
Promotion is the P of marketing Henry may focus on to differentiate his retail shop.
Explanation :
In marketing, there are seven (7) P's that make up the marketing mix. The four (4) most important P's in the marketing mix are P-product, P-price, and P-place. P-promotion According to the text, Henry cannot utilize the first P, which stands for product, because he is aware that his store offers the same quality as the others.
Henry can't utilize the second P, Price, as a marketing technique since he knows that other business owners are already charging the bare minimum to stay competitive. Henry can't utilize the third P, which stands for Place, because his business is on the same street as the other retail stores, and he can't improve on that. Henry's lone marketing tool for beating the competition is the fourth P, which stands for Promotion.
This is because word-of-mouth knowledge established by other business owners is insufficient to create widespread awareness; word-of-mouth can only reach friends and relatives. As a result, the P in marketing that Henry may use is Promotion. He may achieve this by creating global awareness through advertisements on television, radio, social media, printing handbills, and sales promotions such as lottery draws, festive sales, clearance discounts, and offering consumers bonuses such as the buy three, get one free promotion.
__________ work schedules are associated with good child adjustment. Group of answer choices Weekend Full-time Flexible Night-time
Flexible work schedules are associated with good child adjustment.
What is Schedule?
This is defined as planned activities which are to be done at a particular time.
Good child adjustment requires a flexible work schedule because any thing can come up when taking care of a child which is why it's the most appropriate choice.
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When a firm reduces errors before and after delivery to the customer and thus delivers what the customer wants, the firm is said to exemplify the definition of .
The scenario where a firm reduces errors before and after delivery is known as quality.
What is a firm?It should be noted that a firm simply means an organization that sells and produces a product.
Ina situation where a firm reduces errors before and after delivery to the customer and thus delivers what the customer wants, the firm is said to exemplify the definition of quality.
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Why might it be disadvantageous to receive a large refund instead of a smaller one?.
It will be a disadvantage to receive a large refund instead of a smaller one because its look like the taxpayer loaned the U.S. government their money without making interest.
What is a large tax refund?A large tax refund is received because a taxpayer had more tax withheld from his/her paychecks all year than was necessary to cover what you owe.
What is a small tax refund?A small tax refund usually occur because the taxpayer have overpaid only by a little amount.
In conclusion, it will be a disadvantage to receive a large refund instead of a smaller one because its look like the taxpayer loaned the U.S. government their money without making interest.
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What must strategic leaders keep in mind if they are going to achieve successful strategic positioning
Answer:
They must keep in mind what option or thing seems better, they must keep in mind if they have a good strategy
Explanation:
Duane and Evan orally agree to a transfer of forty acres of farmland. Evan asks Finance Bank to lend him the funds to buy the land. Under the Statute of Frauds, the agreement between Duane and Evan is enforceable by
Under the Statue of Frauds, the agreement between Duane and Evans is not enforceable.
Why is the agreement not enforceable?The Statue of Frauds is a law that posits that agreements that are valued at over $500 should be written down in order for them to be enforceable.
The land sale here was for forty acres of land which is definitely valued at more than $500. Seeing as the agreement was oral, it is in violation of the Statue of Frauds which means that it cannot be enforced.
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100 points. The owner of this credit account needs to make a $5,000 medical payment and doesn't have enough in his or her other accounts. Describe at least one option available to the owner.
Line of credit : $3,000.
Available credit: $2246,63
Answer:
transfre the money
Explanation:
When Denisha sells the jewelry she makes at craft fairs or on her personal website, she is utilizing a(n) ________ marketing channel.
It should be noted that Denisha was utilizing Direct marketing channel when sells the jewelry she makes at craft fairs or on her personal website.
What is Direct marketing channel?Direct marketing channel serves as utilization of a number of channels to reach prospects and customers about one's goods and service so as to market them.
Direct marketing channel includes;
face-to-face selling direct-mail catalogue marketingTherefore, Direct marketing channel could be face to face marketing.
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Self- owned business includes all types of business
Why is the housing market not a perfectly competitive market
Answer:
houses are essential. a need doesn't fall in perfect competition conditions.
The two general costing approaches used by manufacturing companies to prepare income statements are:
Answer: ABSORPTION and VARIABLE
Explanation:
Instructions: Questions 5-19 use the data table on tab Q5-19 in the Exam Workbook. We strongly recommend you analyze this data with the aid of a pivot table. You may also benefit from adding some extra calculation columns to the dataset. Answers for numerical data should be rounded to the nearest 1 decimal, comma-separating 000s, NOT written in currency format. So if the answer is $10,500. 658, you would input 10,500. 7. Over the entire analysis period, which sales rep sold the highest cumulative quantity of a single item
Cumulative quantities is the adding up of the required quantities of materials over a particular period.
What is a cumulative quantity?Your information is incomplete. Therefore, an overview of the cumulative quantity will be given.
Cumulative quantities simply mean adding up of the required quantities of materials over a particular period. This is important to plan production. In this case, you'll have to add the materials together.
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It has been Shelly's dream to open a bakery, and while she has experience in making all types of baked goods, she always gets rave reviews for her hand-decorated cupcakes. So, rather than open a bakery that offers a wide variety of baked goods, Shelly has decided to open a specialty cupcake shop to cater to that market only. This is an example
When Shelly decides to open a specialty cupcake shop to serve just that market, this sets up an example of market segmentation.
What is market segmentation?A process of dividing potential customers in a market into groups based on common characteristics, such as preferences, habits, and needs.
Therefore, through market segmentation, an organization is able to align its strategy by offering products and services more focused on consumer desires, increasing its value and positioning in the market.
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When the units produced are equal to the units sold, the net operating income computed using the variable costing method is ______ the net operating income using the absorption costing method.
Answer:
equal to
Explanation:
When the units produced are equal to the units sold, net operating income computed using the absorption costing approach is equal to the net operating income computed using the variable costing approach.
In which state of matter are the particles furthest apart?
either plasma or gas. plasma is less dense but the answer could be gas.
Though some intangible attributes like delivery or a warranty may also be important for a product like a washing machine, because it has tangible attributes that a customer's senses can perceive, the washing machine is defined as ______.
It is true that some intangible attributes like delivery or a warranty may also be important for a product like a washing machine because it has tangible attributes that a customer's senses can perceive, the washing machine is defined as good having tangible attributes.
What is a tangible good in economics?
In economics, goods are tangible items that can be used to satisfy human wants.
Goods essentially have value because they provide utility. The more utility a good provides, the more it's value.
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