Answer:
<h2>C. Makes domestic consumer worse off. </h2>
Explanation:
A tariff is levied on the exports and imports between two countries. It is meant to regulate the foreign trade and encourage the domestic industries and safeguard them from the competition of foreign goods. Tariffs are source of income for states. Tariffs and import export quotas are most used instruments of protectionism. Tariffs are fixed or variable.
It can put the domestic consumer in an advantageous position as due to tariffs they would not be able to get less costly products.
Answer: Satisfaction
Explanation: As per the utility theory, every decision that a rational individual makes regarding making choice between two different alternatives, that decision depends on the level of satisfaction the individual gets from either choice.
Utility theory suggest that the individual makes choices that gives them highest level of satisfaction.
Hence, the correct option is A.
Answer:
A. True
Explanation:
In the field of accounting, we can describe a common fixed costs as one that offers support to the operations of different segments and not just one. And yet cannot be traced to any part of this segment I either fully or in parts.
An example of such a cost is the salary of a CEO who is in control of all these segments.
From this explanation above, we see that this company has two divisions or segments and they sell different products. So the salary of the manager has to be considered as common fixed cost since this fits into our definition of the subject.
Answer:
please just give me brainly ill give u my moms credit card
Explanation:
i promise
Answer:
Closing Inventory : $ 1,000
Cost of Goods Sold: $ 3,200
Explanation:
The inventory balance as at February 28 is 50 units. This is calculated by adding the total purchases of 100 on February 01 and 100 on February 9 reduced by the sales of 50 units on February 4 and 100 units on Feb 27.
In a LIFO costing method, the last purchased inventory is costed first hence the term Last In First Out (LIFO). The inventory balance of 50 units shall be valued from the first purchase @ $ 20. Thus the inventory value is $ 1000. ( $ 20 x 50 units)
For the cost of goods sold of the units sold aggregating to 150 units, the last purchased units will be considered first and then the remaining shall be considered from the first purchase.
Computation of cost of goods sold
100 units @ $ 22 $ 2,200
50 units @$ 20 $ 1,000
Total Cost of goods sold for 150 sold units $ 3,200