This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the difference between the price floor and the price ... (Read 53 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
What is the difference between the price floor and the price ceiling?

Question 2

What is the spot rate?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jennafosdick

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

The price floor is the lowest price a company can charge for a good/service and still cover costs; the price ceiling is the highest price that can be charged in a market.

Answer to Question 2

The spot rate is the exchange rate for any given time of day.


cartlidgeashley

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

  • Member
  • Posts:
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Massive amounts of wood are stored on the forest floor of old-growth temperate coniferous forests of Massive amounts of wood are stored on the forest floor of old-growth temperate coniferous forests of
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Place the tennis balls in a sock on the floor behind you, then lie with the middle of your thoracic ... Place the tennis balls in a sock on the floor behind you, then lie with the middle of your thoracic ...
A typical open-end wrench. Note the size difference on each end and that the head is angled 15 ... A typical open-end wrench. Note the size difference on each end and that the head is angled 15 ...
Resting Membrane Potential: Voltage Difference Resting Membrane Potential: Voltage Difference
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Bone Healing Animation

For a complete list of videos, visit our video library