Which of the following statements is not correct? a. A price ceiling set at $4 would be binding, but a price ceiling set at $6 would not be binding. b. A price floor set at $7 would be binding, but a price floor set at $4 would not be binding. c. A price ceiling set at $3.50 would result in a surplus. d. A price floor set at $6.50 would result in a surplus.

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.