Gasoline currently sells for about $3 a gallon in the small town of Penfield. In an effort to help out the college students from a nearby university who road trip every year to see the old Greek Revival Chapel, the town is considering passing a law that will make it illegal to sell gasoline for more than 25 cents a gallon. What is the most likely result of such a price control

Answers

Answer 1

A likely result of the price control is a shortage of gasoline.

What is a price control?

A price control is when the government or an agency of the government sets the price of a good or service. When the government sets the maximum price for a good, it is known as price ceiling.

A price ceiling can result in:

shortages development of black market.it increases consumer surplus.

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Answer 2

The most likely result of the price control making it illegal to sell gasoline for more than 25 cents a gallon is artificial scarcity.

What is price control?

Price control is an economic mechanism instituted by the government to control the prices of goods and services.

Through price control, the government may regulate a price ceiling like 25 cents a gallon for gasoline.  The implication is that sellers of gasoline in the town cannot sell above 25 cents per gallon.

Thus, the resultant effect of the price control of a gallon of gasoline by the town is artificial scarcity.

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Related Questions

A farmer has developed a new type of fertilizer. This new fertilizer costs 20
percent more to produce than the old fertilizer but has better results: The
same land now produces 25 percent more crops each year.
Which statement best describes one way the farm will be affected by using
this new fertilizer?
A. The farm's opportunity cost for using fertilizer will increase.
O B. The farm's marginal cost for fertilizer will decrease.
O C. The farm's opportunity cost for using fertilizer will degrease.
O D. The farm's marginal cost for fertilizer will increase.

Answers

Answer: The statement which best describes one way the farm will be affected by using  this new fertilizer is:

A. Marginal benefits will increase for each harvest.

Based on the given text, we can see that there is the development of a new type of fertilizer which was made by a farmer and there is a difference in cost which would have an effect.

With this in mind, we can see that because it costs 20% more to produce and has better results, then the effect this would have is that the marginal benefits would increase for each harvest.

Therefore, the correct answer is option A

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how can a country Expand Skilled Workforce and Reduce Dependence on Unskilled Labour?

Answers

Answer:

To reduce dependence on unskilled labor, a country could encourage development of more advanced AI to further automate repetitive work that requires no skill.

Explanation:

A good example of a government imposed-price ceiling is: minimum wage. supply and demand. equilibrium. rent controls.

Answers

A good example of a government-imposed-price ceiling is:  rent controls.

What is a Price Ceiling?

Price ceiling refers to the maximum amount of a good or service that is imposed by the government. It is useful in preventing the exploitation of the economy by entrepreneurs.

An example of a government-imposed-price ceiling is rent control. The government could impose a maximum amount for rentals to prevent exploitation by landlords.

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1. An engineer in 1950 was earning $6,000 a year. Today she earns $60,000 a year. However, on average goods today cost 6.6 times more what they did in 1950. What is her real income today in terms of constant 1950 dollars

Answers

The engineer's real income today in terms of constant 1950 dollars is $14,400.

What is the real income?

Real income ls nominal income less inflation rate. Inflation rate is when there is a persistent rise in the general price levels of a country.

Real income = nominal income - inflation

Inflation = (1 + 6.6) x $6000 = $45,600

Real income = $60,000 - $45,600 = $14,400

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I know I'm being annoying by asking questions but if you had a choice and your parents were close to death by falling of a mountain, who would you save your mom or your dad

Answers

Answer:

I would save the one who cares for you the most

Explanation:

because if a person you save and that's not nice or grateful the person  who you left falling was the one who cared

Answer:

who i would save is both of my parent because they were there when i need them and when they needed me so i would save them because they brought me in this world for a reason and i think that i would die over my parents and be there with them even if they are about to be on death bed

Explanation:

Compute a three-period moving average forecast given demand for shopping carts for the last five periods. (Round all your answers to two decimal points.) Period Demand 1 36 2 32 3 37 4 31 5 38 If actual demand in period 6 turns out to be 35, the moving average forecast for period 7 would be

Answers

Answer:

so you do this then you do that and that is how you do it

Explanation:

The balanced scorecard was developed to help companies take a more ______________ and ______________ approach to measurement. Functional; Long-term Financial; Strategic Holistic; Functional Holistic; Strategic Short-term; Tactical

Answers

The balanced scorecard was developed to help companies take a more Short-term and Tactical approach to measurement.

Option B

Balance scorecard method

Generally,Balance scorecard method is a tool use by groups to monitor there performance and the employee's performance with respect to the strategy The performance of the groups is scaled with aspects of the group in view

Therefore, The balanced scorecard was developed to help companies take a more  Short-term and Tactical approach to measurement.

Option B

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Which concept combines revenue cycle management with clinical, coding, and health information management decision making?

a. PAC

b. OPU

c. IRC

d. RARC

Answers

Answer:

Which concept combines revenue cycle management with clinical, coding, and health information management decision making?

c. IRC

Answer:

IRC

Explanation:

The day sheet is a(n):

a. chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day

b. abstract of all recent claims filed on each patient

c. electronic permanent record of all financial transactions between the patient and the practice

d. computer-generated list of procedures, services, and supples with charges for each

Answers

Answer:

chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day

Explanation:

A day sheet is usually a document that stores all health care data's, payment details and all scheduled adjustments for whole day

Option A is correct

Answer:

[A] Chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day

Explanation:

The manual daily accounts receivable journal is also known as the Day Sheet , and it is a chronological summary of all transactions posted to individual patient ledgers/accounts on a specific date.

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What type of ethics program should a company adopt with 200-999 employees?
A.Create an ethics office
B. Develop and review a code of ethics
C.Ethics is overrated.
D. Developing an ethics monitoring and reporting systems

Answers

The ethics program that should be adopted by the comoaby is D. Developing an ethics monitoring and reporting systems.

What is ethics?

Ethics simply means the moral principle that's necessary to guide the behavior of an individual.

The type of ethics program should a company adopt with 200-999 employee is developing an ethics monitoring and reporting systems.

This is necessary to look into the activities of the employees.

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1. What is the name for traits that are used to describe your approach to life, work, and
relationships?

Answers

Explanation:

hope it was helpful to you

The Five-Factor model is a trait that is used to describe the approach to life, work, and relationships.

What is a Five-Factor model?

A  Five-Factor model is a personality model that is used for the personality model. This model is also used to describe the approach to life, work, and relationships.

It is a most well-known personality qualities that have been shown to be contained and subsumed by these five overarching domains, which are thought to constitute the core structure of all personality traits.

This system includes the five broad traits and that five traits can be recognized by acronym OCEAN, that means Openness, Conscientiousness, Extraversion, Agreeableness and Neuroticism.

Therefore, A  Five-Factor model is a personality model to describe the approach to life, work, and relationships.

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15. The owners of a small bar and grill want to run an ad on local radio in the town where the business is located. Their objective is to create awareness for the restaurant among the town’s consumers. Which measure should be used to determine how many different people will hear the advertisement?

Answers

A survey could be issued to the people who listen to the radio. The survey could ask questions about their background and this can be used to collect data for the targeted audience of the ad.

Really need some help here, no links please.

The subject is Economics/Business.

Answers

Answer:

The third option appears to be the best answer

Explanation:

really hope this helps you!

Before meeting a Japanese business partner, Larry decides that this person will be uncomfortable with overt displays of emotion. What mistake is Larry making

Answers

The mistake that Larry is making is applying a cultural stereotype as a fixed rule before getting to know an individual.

What are cultural stereotypes?These refer to thoughts about a society and culture by others. It shows how people view those of a certain culture often without proof.

Larry is assuming that the stereotype of Japanese people looking down on emotional expression is true.

He is then basing his relationship on this stereotype before even meeting the person.

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Bill wants to calculate the width of each interval by using the approximation formula. He first created a frequency distribution with 5 intervals. The minimum and maximum for the variable are -32.4 and 65.09 respectfully. Calculate the width of each interval for Bill.
A. 13.018
B. 6.480
C. 19.498
D. -19.498

Answers

Based on the maximum and minimum values, the width of each interval is C. 19.498.

What is the width of each interval?


This can be found by the formula:

= (Maximum value - Minimum value) / Number of intervals

Solving gives:

= (65.09 - (- 32.4)) / 5

= 97.49 / 5

= 19.498

In conclusion, option C is correct.

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Lesson 2 Assignment


Product Combo A Combo B Combo C Combo D Combo E
Motorcycles 0 2 4 6 8
Surfboards 30 27 21 12 0


a. Graph the above production data, putting motorcycles on the horizontal axis.











b. What are the opportunity costs of moving from point B to point D and from point D to point A?


c. Point F represents 3 motorcycles and 21 surfboards. Plot this point on your graph and explain what it represents.


Point G represents 5 motorcycles and 24 surfboards. Plot this point on your graph and explain what it represents.

Answers

The cost opportunity from B to D is 15 surfboards, while the cost opportunity from D to A is 6 motorcycles.

What is the opportunity cost?

In economics, opportunity cost refers to what is lost if one alternative is chosen over another. For example, if a country decides to manufacture only cars they are losing the opportunity to manufacture other products such as cellphones.

Opportunity cost from B to D:

If you choose Combo B instead of D you lose the opportunity to manufacture 15 more surfboards

(27-12 = 15).

Opportunity cost from D to A:

If you choose Combo A instead of D, you lose the opportunity to manufacture 6 motorcycles

(0 to 6= 6).

Poing F and G:

Points F and G imply that if you manufacture 3 motorcycles you can only manufacture 21 surfboards (F), and if you manufacture 5 motorcycles the production of surfboards increases by 3 (24 surfboards).

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How do IP rights differ between India and China? What distinctive competencies in IP exist for India and China?

Answers

IP rights differ between India and China through the following:

In China, it helps in the enforcement of copyright-related issues.In India, it helps prove ownership during criminal proceedings against infringers.

What is IP rights?

This is also known as intellectual property rights and is given to persons over the creations of their mind in a certain period of time.

In India and China, IP rights ensure that justice is served by punishment being meted out to the infringers.

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Gary and Lakesha were married on December 31 last year. They are now preparing their taxes for the April 15 deadline and are unsure of their filing status. Problem 4-46 Part-b (Static) b. Assume instead that Gary and Lakesha were married on January 1 of this year. What is their filing status for last year (neither has been married before and neither had any dependents last year)

Answers

a. Gary and Lakesha can either file as Married Filing Jointly or Married Filing Single.

b. Since Gary and Lakesha are married on January 1 of this year, they should file as Single.

What is a tax filing status?

The tax filing status defines the taxpayer's status in a tax year.  The tax filing status is used to determine the applicable rate of income tax.

The IRS rules recognize five filing statuses are: single, married filing jointly, married filing separately, head of household, and qualifying widow(er) with dependent child.

Thus, for a) Gary and Lakesha can file Married Filing Jointly or Married Filing Single but for b) Gary and Lakesha should file Single.

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3. In which type of economy would both private businesses and the government influence the factors of production, and why? (1 point)
territor

Answers

The type of economy in which both private businesses and the government influence the factors of production is:

Mixed economy.  The reason is to allow government maintain a level of control

What is a Mixed Economy?

This is a type of economic system which allows both private businesses and also the government to have an influence in the factors of production so that the government can regulate things.

With this in mind, we can see that mixed economies are useful because it does not give the government total control but allows private businesses to influence the market

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A recent Samsung Galaxy ad highlighted the advantages of its smartphone relative to Apple’s iPhone. What type of product advertisement is the Samsung ad?

Answers

Answer:

comparative

Explanation:

A wise mechanical engineering graduate began saving money for early retirement by depositing $1400 per month into a fixed rate account that pays 6% per year compounded semiannually. If she started saving 1 month after she started working, what is the expected value of the account at the end of 30 years

Answers

The expected value of the investment based on the information is $1369649

What is an expected value?

An expected value simply means the anticipated value for an investment in the future.

From the information given,

Interest, I = 6%/2 = 3%

Time, t = 30 × 2 = 60 semiannual period

Semiannual Deposit = 1400 × 6 = 8400.

FW of account = 8400 (F/A, 3%, 60)

= 1369649

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What is the purpose of internal controls? Multiple choice question. to guarantee that loss is eliminated as a basis of employee performance reviews to reduce outstanding customer balances to protect assets and ensure reliable accounting

Answers

Answer:

to protect assets and ensure reliable accounting

Explanation:

to protect assets and ensure reliable accounting

The purpose of internal controls is to protect assets and ensure reliable accounting. Thus the correct option is D.

What are internal controls?

Internal controls are a technique used by corporations to detect fraud and other internal activities. It was implemented by the company to safeguard the confidentiality of its finance and accounting systems.

This internal control can be done through different methods which include continuous monitoring of the business activities to evaluate any threat or danger that can disturb the function of the business.

This also includes an assessment of Risk which can further act as a barrier in the process of growth and development so risk assessment is done to eliminate any factors that cause damage to the assets of the organization.

Therefore, option D is appropriate.

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A stock has an expected return of 14.1 percent, the risk-free rate is 3.6 percent, and the market risk premium is 8.2 percent. What must the beta of this stock be

Answers

Answer:

really good song: heat waves by glass animals.

Explanation:

Texas Star Oil won the bid to build an oil facility for a host country government. However, the execution of the contract has been delayed due to bureaucratic procedures in the less-developed nation. In order to legally overcome this problem, Texas Star Oil could resort to the payment of

Answers

The Texas Star Oil could resort to the payment of speed money.

Speed money

In simple terms, as the name implies, it refers to the money paid to speed up some tasks or operations that are been delayed intentionally by someone or some people even though they ought to have carried out the task as a duty without additional payment.

Recall, we are told that due to bureaucratic procedures, the execution of the contract was delayed. Hence, this is the most viable option for Texas Star oil.

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A two-party check is made payable to:

a. both the patient and the provider

b. both the provider and the payer

c. both the patient and the payer

d. two different payers

Answers

Answer:

[A] both the patient and the provider

Explanation:

Answer:

Both patient and the provider

Explanation:

In a medical payment system the payer is the patient

The two party includes two persons

PatientProvider(Hospital)

Suppose Charlie has made great progress in planning to improve the security program at the company. After many weeks of planning and careful implementation, a formal plan is ready for presentation to the Board of Directors. Gladys asks Charlie to prepare a written report and a presentation for Gladys to give to the Board. Gladys edits the presentation to make it seem that she prepared the work herself with Fred's assistance, but without any mention of Charlie's contributions. Is Gladys acting ethically

Answers

Due to the fact that Gladys has taken the presentation made without mentioning the contributors, she is not acting ethically.

What is ethics?

This is used to refer to the guidelines that seeks to guide the behavior of people. The ethics are used in organizations to modify behavior.

What is required of Gladys is to make sure that all the contributors to the work are well acknowledged for the input they made.

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B) A manufacturing unit A makes 15 colour television
sets and 80 black and white television sets in a
month another unit B makes 40 colour T.V. sets
and 100 black and white sets in a month. Repre-
sent this information into matrix form and find the
production of each unit in 7 months.

Answers

7*|15 80 | =|105 560|

7*|15 80 | =|105 560||40 100| |280 700|

7*|15 80 | =|105 560||40 100| |280 700|HERE'S YOUR ANSWER

7*|15 80 | =|105 560||40 100| |280 700|HERE'S YOUR ANSWER ◌⑅⃝●♡⋆♡MICKZMINNZ♡⋆♡●⑅◌

While representing the information into matrix form and the production of each unit in 7 months is  7*|15 80 | =|105 560|, |40 100| |280 700|

What do you mean by production?

Production is the process of combining various inputs, both materials such as metal, wood, glass, or plastics and immaterial materials such as plans, or knowledge to create output. Ideally, this output will be a good or service which has value and contributes to the utility of individuals.

The area of economics that focuses on production is called production theory, and it is closely related to the consumption or consumer theory of economics. The production process and output directly result from productively utilizing the original inputs or factors of production. Known as primary producer goods or services, land, labour, and capital are deemed the three fundamental production factors.

These primary inputs are not significantly altered in the output process, nor do they become a whole component of the product.

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For questions 1-10, fill in the blank with the letter of the term that best matches the description.
a coverage
b. insurance
c. policy
d. risk management
e actuary
f. insurer
g. liability
h. claim
i. premium
j. deductible

1. An anangement by which a company gives customers financial protection againt loss or harm in return
for payment

2. Determining, minimizing, and preventing accidental loss in a business, for example, by taking safety
measures and buying insurance

3. The company that sells insurance

4. The amount of money charged for a certain amount of insurance coverage

5. The amount an insured person must pay before making a claim against an insurance policy before an insurer will pay any compensation

6. The amount or type of protection provided by an insurance policy

7. A statistician who calculates insurance premiums, risks, dividends, and annuity rates

8. A fixed dollar amount of coverage for damages that an insured becomes legally liable to pay due to an accident or other negligence

9. An application for payment under an insurance policy

10. A contract of insurance​

Answers

Following are the correct terms for the descriptions provided.

1. Coverage

2. Risk Management

3. Insurer

4. Premium

5. Liability

6. Policy

7. Actuary

8. Claim

9. Deductible

10. Insurance

Explanation

The correct answers for the explanation given in the question is described above.

An Insurance Company is called an Insurer, its products are called policy, they provide coverage for loss, this is a type of risk management, a person calculating all the figures is known as an Actuary, monthly or annually premiums are payable and claim can be made once the insured condition is met.

Therefore the answers are following

1. Coverage

2. Risk Management

3. Insurer

4. Premium

5. Liability

6. Policy

7. Actuary

8. Claim

9. Deductible

10. Insurance

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In Mali, the provinces were monitored by ________________.
a.
the king’s sons
c.
local rulers
b.
generals
d.
all of the above


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

B

Explanation:

Answer:

The Answer is B. Generals

Explanation:

A company purchase land and building from the seller for $900,000 a separate appraisal retails the fair value of the land to be $200,000 and the fair value of the building to be 800,000 for what amount with the company record land at the time of purchase

Answers

Answer: $180,000

Explanation: According to GAAP, the land must be recorded using the Cost Model. They cannot be recorded using the Fair Value Model.

So, the amount to record the land is:

$200,000 x ($900,000/$1,000,000) = $180,000

The land must be recorded for $180,000.

What is Cost Model?

GAAP requires that the Cost Model be used to report the land. The Fair Value Model cannot be used to record them.

So, the sum required to register the land is:

$200,000 x ($900,000/$1,000,000) = $180,000

A cost model is a technique or framework for calculating the overall cost of providing a good or service. Depending on the circumstance, the process's breadth and level of depth may change, but the objective of any cost modeling is to identify a precise method for evaluating value input for comparison with value output. This is a crucial stage in determining price points, determining a business venture's potential, and projecting total profitability.

Cost modeling has advantages that are related to how it influences your company's operations, particularly in the areas of pricing and streamlining. Anyone who is really engaged in business management should always seek out new information because knowledge is power.

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How does therapy help in the treatment of depression? A. Changes negative thinking patterns B. Alters the chemical balance in the brain C. Disrupts damaging electrical signals in the brain D. Raises levels of serotonin in the brain Please select the best answer from the choices provided. A B C D. Find the perimeter of the triangle whose vertices are the following specified points in the plane.(0,4),(1,2),(5,-3) can 3 meters and 2 km be expresses as a ratio. Find the value of Y and Z Those who ______ increased gun control believe that the Second Amendment gives individual citizens the right to bear arms free from excessive control. In an experiment to estimate the enthalpy change of a reaction, a student makes two aqueous solutions, each containing one of the reactants. The student combines the solutions, both originally at the same temperature, in a calorimeter and records the final temperature of the mixture. In addition to the masses of the solutions and the temperature change of the mixture, which of the following pieces of information does the student need to calculate the enthalpy change of the reaction? why?A) The boiling point of the reaction mixtureB) The heat of fusion of the reaction mixtureC) The density of the reaction mixtureD) The specific heat capacity of the reaction mixture What situation can cause positive population growth? Which statement best explains what would happen if a reactant were added to a system in equilibrium?. What does a writers philosophical assumption refer to? evaluate the impact of EL Nino conditions on the farming activities I am really confused and need help. 1. What is a situationother than developing softwarewhere it would be useful to follow the software development life cycle? Describe what this process might look like. 2. In this unit, you learned about four types of operating systems. Imagine that you had been hired as a consultant to a new start-up that was going to create and sell a new emergency medical device. Which kind of operating system would you recommend to them? As part of your answer, explain why the other three types of operating systems would be less appropriate.3. Describe three different software applications that you have used recently.4. In this unit, you learned about procedural, object-oriented, and event-driven programming. Describe an example of each one in commonly used software.5. Many people express frustration when they have to contact customer support for help with their software. Describe two things that companies can do to make customer support a more pleasant experience for its users. Mark, a flight attendant, began his workday in a bad mood. However, by the end of the day, he felt much happier. According to the facial feedback hypothesis, what may have influenced marks mood?. Sara decides to host a party for her new American friends. She tells them that the party will begin at 8 p.m. She is shocked when most of her guests arrive at or near 8 p.m., as in her culture an 8 p.m. start time means that guests will arrive around 9 p.m., if not later. Sara hasn't even put food out for the party yet. Sara most likely comes from which type of culture? PriceDD2QuantityThe diagram above shows two demand curves for video games identified as D and D.Which of the following changes will most likely cause a shift of the demand curve from D, to D, as shown in the diagram?AAn increase in consumers' income, assuming that video games are a normal goodBAn increase in the price of game consoles, a complementary goodA decrease in the price of mobile games, a substitute good Match the correct answers to the boxes.PLEASE HELP!!!!!!!!Identify the slope and y-intercept of the equation below.y=4x7 Which body of water serves as part of the international boundary between ontario, canada, and new york state?. In many myths, evil is described as entering the world after creation rather than being part of it (for example, the stories of the Garden of Eden or Pandoras Box). Why do you think this theme is so common? What is the outside diameter of a tubing whose inside diameter is 2 3/16 inch. And whose wall thickness is 3/8 in he discovery of mitochondrial DNA (mtDNA) had no effect on which area of scientific investigation?