Which statements effectively define price floors and price ceilings? Check all that use.

You are watching: Motherboards, inc., manufactures computer parts. the company’s total revenue is

3-Price floors help producers by raising prices. 4-Price ceilings assist consumers by lowering prices. 5-Effective price floors are collection above equilibrium. 6-Effective price ceilings are collection below equilibrium.

Which statement best defines the function of producers in economics?

A. Producers supply goods and also services.

If supply for a product is low but demand is high, what most most likely demands to happen to attain equilibrium?

C. The supply demands to be raised.

In which way execute producers try to identify themselves in monopolistic competition?

C. product features

A possible outcome of disequilibrium is

A. excess demand also.

The highest amount a landlord have the right to charge for rent is an instance of

C. a price ceiling.

What most most likely will happen if the pie maker bakes a seventh pie?

B. The marginal expense will a lot of likely increase to $2.00

What the majority of likely will take place if the pie maker continues to make additional pies?

A. The marginal costs will continue to rise, increasing the total expense, while the marginal revenue remains the exact same, decreasing the profit.

Look at the chart comparing the price of graphic T-shirts to the amount gave. This chart is an example of a

D. supply schedule.

Which top quality best explains a producer with an absolute advantage?

A. efficient

Motherboards, Inc., manufactures computer system components. The company’s total revenue is

D. the amount the agency receives from the sale of all of its computer system parts.

According to the graph, the marginal cost begins to rise when the producer makes

C. 4 pies.

Excess supply is produced once price or move ameans from the equilibrium suggest.

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quantity

Which food truck has actually the absolute advantage?

D. Lunch on the Go

Equilibrium occurs as soon as supply and also demand also coordinate to

B. collection prices and also production.


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