What year began the worst economic recession since the great depression?.

Consider the market demand and supply for eggs. Assume that the market for eggs is perfectly competitive. Suppose that egg produ

In-s [12.5K]

Answer:

The quota system is not efficient since the total supply is less than the equilibrium quantity. This will produce a deadweight loss which equals the lost supplier surplus plus the lost consumer surplus. The deadweight loss s the area between the demand and supply curve, and between the imposed quota and the equilibrium quantity.

Graph 1 shows the market equilibrium while graph 2 shows the deadweight loss.

3 0

3 years ago

Xeon Inc., a maker of chocolate products, assigns its packaging and labeling to First Choice U.S.A., a firm that specializes in

Ray Of Light [21]

Answer:

c. outsourcing

Explanation:

Outsourcing -

It refers to the process of hiring another company , which is responsible for some external project or task , is referred to as outsourcing .

It can be a short term process of hiring , it may also require transferring the employees to another firm internally .

Hence , from the given scenario of the question ,

Hiring the packaging firm by another company , showcases the method of outsourcing .

5 0

3 years ago

A century ago, workers needed to develop the manual, industrial skills required for making things; today, workers in the postind

ad-work [718]

A century ago workers needed to develop the manual, industrial skills required for making things today workers in the postindustrial economy must develop the intellectual skills required to manipulate symbols.

A post-industrial economy is a period of growth within an industrialized economy or nation in which the relative importance of manufacturing reduces and that of services, information, and research grows.

Industrial Skills Training is a branch of training designed to develop the skills and knowledge required of workers in the process and manufacturing industries

Learn more about post-industrial economy here

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3 0

9 months ago

On January 1, 2019, Chin Corporation issued $3,400,000, 16%, 5−year bonds. The bond interest is payable on January 1 and July

madam [21]

Answer:

$253,372

Explanation:

Face Value = 3,400,000

Issue Price = 3,619,600

Bond Premium = 219,600

Balance in Bond Payable = 3,400,000

Book Value of Bonds = 3,619,600

Balance in Bond Premium = 3,619,600 - 3,400,000 = $219,600

Interest Payment = Balance in Bond Payable Jan 1 * 16%/2 = 3,400,000 * 14%/2 = $272,000

Interest expenses = Book Value of Bonds Jan 1 * 14%/2 = 3,619,600 * 14%/2 = $253,372.

Thus, the interest expense for the six months ending July 1, 2019 is $253,372

3 0

2 years ago

Under nafta (north american free trade association), the united states, canada, and mexico are free to produce what each country

Paul [167]

Trade barriers. There are no barriers blocking them from trade.

8 0

3 years ago