KS
Keisha Sandlin
Answers (6)
KS
Answered
Price floors and ceiling prices both
A) cause shortages.
B) cause surpluses.
C) cause the supply and demand curves to shift until equilibrium is established.
D) interfere with the rationing function of prices.
A) cause shortages.
B) cause surpluses.
C) cause the supply and demand curves to shift until equilibrium is established.
D) interfere with the rationing function of prices.
On Jul 30, 2024
D
KS
Answered
Assume there are two people in a society. Person A is willing to pay $70 to have one unit of a public good produced and Person B is willing to pay $80 to have one unit of a public good produced and $70 to have two units produced. As a result, for ________ unit(s) of this public good, society would be willing to pay a price of ________.
A) 1; $150
B) 3; $100
C) 1; $100
D) 5; $80
A) 1; $150
B) 3; $100
C) 1; $100
D) 5; $80
On Jul 27, 2024
A
KS
Answered
Why does the stock market generally price stocks above the net value of the firm's assets? Your explanation should include the market's perception of the firm as a going concern.
On Jun 30, 2024
The value of a business depends on the future cash flows it can generate. Those cash flows are created by the interaction of people (who possess knowledge and skill) with assets. In a successful business this combined action of people and equipment creates income that is worth far more than the cost of the equipment alone. This concept of value coming from the operation of the business's people and its equipment is known as the "going concern value" of the business.
KS
Answered
When the Federal Reserve wants to increase the money supply it _____ on the open market;when it wants to reduce the money supply it ______ on the open market.
On Jun 27, 2024
buys;sells
KS
Answered
The first step in preparing a cost of production report is to compute equivalent units of production.
On May 30, 2024
False
KS
Answered
The largest sector of gross investment is
A) plant and equipment.
B) inventory.
C) residential housing.
D) stocks and bonds.
A) plant and equipment.
B) inventory.
C) residential housing.
D) stocks and bonds.
On May 27, 2024
A