Suppose that the market equilibrium price for a medical check-up is $50, in a market in which there is no health insurance. To encourage more people to get a check-up, the local government indicates that the price of a check-up cannot be more than $40
a. Is this a price floor or a price ceiling?
b. Draw a graph to illustrate the implementation of the policy.
c. What happens to the number of check-ups in the market? Show on your graph.
d. What happens to consumer surplus in the market? What happens to producer surplus?

For june, gold corp. estimated sales revenue at $600,000. it pays sales commissions that are 4% of sales. the sales manager's salary is $285,000, estimated shipping expenses total 1% of sales, and miscellaneous selling expenses are $15,000. how much are budgeted selling expenses for the month of july if sales are expected to be $540,000.

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.