Explain why an equilibrium point in a free market is considered to be the socially efficient point. Sketch graph a situation where a government price ceiling below equilibrium leads to inefficiency. Explain in words why the inefficiency exists and shade in on your graph the lost benefit that creates the inefficiency.
61.If the demand curve of a market is P = 14 - Q and the supply curve is P = 2 + 2Q, what is the surplus created if a price support of 12 is imposed in the market?
DESIGN AND IMPLEMENT THE CLASS DAY THAT IMPLEMENTS THE DAY OF THE WEEN IN A PROGRAM. THE CLASS DAY SHOULD STORE THE DAY,SUCH AS sun FOR sunday. tHE PROGRAM SHOULDbeable t...Apr 17 2020
During a trip to China, Kevin became very ill and had to be treated for several days in a Chinese hospital. During the course of treatment Kevin received several blood tr...Dec 13 2019
The employer should record deductions from employee pay as:a. Payroll taxb. Employee receivablesc. Current liabilitiesd. Wages payableMay 15 2021
The rubella virus causes German measles. If a pregnant woman is is infected by the rubella virus during the first trimester of her pregnancy, her child may be born deaf o...Jun 08 2021
The comparative balance sheet of Canace Products Inc. for December 31, 2016 and 2015, is shown as follows:1Dec. 31, 2016Dec. 31, 20152Assets3Cash$643,290.00$679,820.004Ac...Aug 09 2021
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Emma is going camping Each side triangle on her tent is feet tall The square base is feet wide What is the surface area of her tentMar 17 2020
In each of the cases below, assume that Division X has a product that can be sold either to outside customers or to Division Y of the same company for use in its producti...Jul 25 2021
Jim and Sarah are married and file a joint tax return. The couple has two children that they claim dependency exemptions for. The couple has $310,000 of gross income and ...Aug 14 2021
Write the preferred plural forms of the following nouns in the spaces provided. Use a dictionary if necessary.faculty ________Jun 15 2021