Victor is a senator from kansas who wants to farmers. he has worked to encourage the passage of a law that would impose a binding price floor on wheat. what would he expect his critics to say? a. the binding price floor will encourage consumers to eat too much wheat. b. the binding price floor will cause a surplus of wheat that farmers will be unable to sell. c. the binding price floor will discourage farmers from planting wheat and they will plant other crops instead. d. the binding price floor will discourage farmers from using the most productive farming methods available. e. the binding price floor will cause a shortage of wheat.

What is the most important factor that affects the value of a company? a) cash flow b) earnings c) supply and demand d) number of employees

The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively