For the next two questions, consider a law that says that the price of a bushel of wheat cannot legally go higher than $3.
Which of the following statements is true?
The purpose of this price control is to help sellers (suppliers).
If this price control is binding, quantity supplied will be greater than quantity demanded.
If this price control is binding, a shortage will occur.
The price control will be non-binding if the equilibrium price of wheat is $3.50.

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.

Is will able to claim r. j. as a qualifying child for the earned income credit (eic)?

Atennis club charges a monthly membership fee of $150 and charges it members $10 per hour to use a court. there's also $500 fee to become a member. stella joined the tennis club last spring, and she has been a member for 5 months. she has been playing 10 hours of tennis each month. stella values an hour of her time at $20. during a boring afternoon meeting, stella thinks about reserving a court to work on her serve for an hour tonight. what's stella's opportunity cost of working on her serve for an hour?