To be binding, a price floor must be I. in the labor market. II. above the equilibrium price. III. set to achieve the equilibrium market quantity. | || I and III None of the above
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- Satisfied demand: what is offered to the market is exactly what the market requires. Unsatisfied demand: What is produced or offered does not meet the market's requirements. Give examples of satisfied and unsatisfied demand.List three things you could reduce your dependance on oil and gasoline. Which of these things do you already or plan to doPrepare an Adjusted Income Statement and Adjusted Balance Sheet 1) Select either an aggressive approach or a conservative approach. You only need to turn in ONE approach. 2) Use a statutory tax rate of 21% to adjust income taxes payable and income tax expense.
- 4. Analysts believe that Manufactured Earnings is a "darling" of Wall Street analysts. Its current market price is $27 per share, and its book value is $11 per share. Analysts forecast that the firm's book value will grow by 12.5 percent per year indefinitely, and the cost of equity is 17 percent. Given these facts, what is the market's expectation of the firm's long-term average ROE? (10 Marks)When General Equilibrium Position is lower than the Economic Threshold Level, there is no need to perform control tactics True Or False1. Consider the principle-agent relationship between a patient and doctor. Suppose that the patient’s utility function is given by Up (m, x), where m denotes medical care (whose quantity is determined by the doctor) and x denotes other consumption goods. The patient faces budget constraint Ic = pm m+ x, where pm is the relative price of medical care. The doctor’s utility function is given by Ud (Id) + Up—that is, the doctor derives utility from income but, being altruistic, also derives utility from the patient’s well-being (or consider it as an advertisement for future patients). Moreover, the additive specification implies that the doctor is a perfect altruist (or opportunist) in the sense that his or her utility increases one-for-one with the patient’s. The doctor’s income comes from the patient’s medical expenditures: Id = pm m. Show that, in this situation, the doctor will generally choose a level of m that is higher that the fully informed patient would choose.
- Consider the following actual and forecastdemand levels for Big Mac hamburgers at a local McDonald’srestaurant: The forecast for Monday was derived by observing Monday’sdemand level and setting Monday’s forecast level equal tothis demand level. Subsequent forecasts were derived by usingexponential smoothing with a smoothing constant of 0.25.Using this exponential smoothing method, what is the fore-cast for Big Mac demand for Friday?How does the rule of price transparency apply to federally owned or operated hospitals (such as a Department of Veterans Affairs hospital)?Find three items (other than bottled water) that you often use once and then throw away. Are there other alternative reusable products you could use in place of these disposable items? For one of these items, calculate the cost of using the disposable option for a year and compare it to the cost of buying alternatives.
- The food industry in the USA is well advanced and trustworthy. Therefore, USA can easily export processed food that has synthetic food dyes to Europe. True FalseDoes the sentence below need to be cited? It is my opinion that people remain dependent on petroleum because they are unwilling to change their habits and way of life. O Yes, it does need to be cited. No, it does not need to be cited.What "Seven Wastes” can be observed in a governmental agency? How could improvements be made for each type of Waste?