Richard has an outstanding order with his stockbroker to purchase 1,000 shares of every ipo. the next three ipos are each priced at $30 a share and will all start trading on the same day. richard is allocated 1,000 shares of ipo a, 400 shares of ipo b, and 100 shares of ipo c. on the first day of trading, ipo a opened at $31.50 a share and ended the day at $28.25 a share. ipo b opened at $31 a share and finished the day at $32 a share. ipo c opened at $36.50 a share and ended the day at $38.75 a share. what is richard's total profit or loss on these three ipos as of the end of the first day of trading? -$75 -$1,850 -$1,500 $2,250 -$2,175

The beginning inventory is expected to be 2,000 cases. expected sales are 10,000 cases, and the company wishes to begin the next period with an inventory of 1,000 cases. the number of cases the company must purchase during the month is multiple choice 9,000 cases. 10,000 cases. 11,000 cases. 13,000 cases.

James has set the goal of achieving all "a"s during this year of school.which term best describes this goal

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale