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2 years ago

With free trade, that is, assuming no tariff, the outputs produced by domestic and foreign producers would be:_______.

1 answer:

4 0

The Correct 1 unit and 15 units are the outputs produced by domestic and foreign producers with free trade assuming there is no tariff.

<h3>What is a free trade?</h3>

This refers to an international business policies that occurs when goods and services can be bought and sold between countries without tariffs, quotas or other restrictions being applied.

This policy tends to increase the volume of international trade among member countries and also allow them to increase their specialization in their respective comparative advantages.

Hence, in the graph given, the Correct 1 unit and 15 units are the outputs produced by domestic and foreign producers with free trade assuming there is no tariff.

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The difference between a change in supply and a change in the quantity supplied is that the latter is:.

lakkis [162]

A change in quantity supplied is a movement along the supply curve, while a change in supply is a shift in the supply curve.

<h3>What is a supply curve?</h3>

The supply curve is a positively sloped curve that shows how quantity supplied changes with price of the good. All things being equal, the higher the price of the good, the higher the quantity supplied.

<h3>What is a change in supply and a change in quantity supplied?</h3>

A change in quantity supplied is as a result of a change in the price of the good. If price increases, quantity supplied increases and if it decreases, quantity supplied decreases.

A change in supply is caused by other factors other than price. Some of these factors include:

A change in the number of suppliers
The cost in the price of raw materials needed in the production of the good.

A change in supply leads to a movement outward or inward.

To learn more about supply curves, please check: brainly.com/question/26073189

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2 years ago

A microeconomist — as opposed to a macroeconomist — might study

Rudiy27

Microeconomics is the study of the effects of changes to small individual decisions A) Is huge, study of the whole country. B) Is huge, nationwide production increase C) this effects just one industry. D) again huge, nationwide effects of interest rates on GDP. So C.

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3 years ago

Price Per Unit Quantity Supplied Quantity Demanded $10 100 295 11 150 275 12 190 250 13 220 220 14 245 180 15 265 135 If a techn

Contact [7]

Answer:

$12

Explanation:

Equilibrium price is price at the point where quantity supplied equals the quantity demanded.

Please check the attached image for a table showing how equilibrium was found

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4 years ago

Shondra is thinking of making payments for her laptop by setting up automatic withdrawals with the store. What must

torisob [31]

Answer:

Shondra should be sure she will have enough in her account to be able to make the monthly payments.

Explanation:

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3 years ago

Read 2 more answers

As winner of a breakfast cereal competition, you can choose one of the following prizes: a. $180,000 at the end of five years. b

Stolb23 [73]

Answer:

i. Discounted cashflow equations.

a. $180,000 at the end of five years.

This is a lump sum present value/ discounted cashflow which can be calculated as;

Formula = 180,000 / ( 1 + r)^n

= 180,000/ ( 1 + 12%)^5

= $102,136.83

b. $11,400 a year forever

This is a perpetuity. The present value/ discounted cashflow of a perpetuity is calculated as;

Formula = Amount/rate

= 11,400/12%

= $95,000

c. $19,000 for each of 10 years.

This is an annuity. The formula for calculating the Present value/ discounted cashflow of an annuity is;

$Formula = Annuity * [\frac{( 1 - (1 + i)^{-n} )}{i} ]$ where <em>i </em>is interest rate and <em>n</em> is number of periods

$= 19,000 * [\frac{( 1 - (1 + 0.12)^{-10} )}{0.12} ]$

= $107,354.24

d. $6,500 next year and increasing thereafter by 5% a year forever.

This is a growing perpetuity. The present value/ discounted cashflow formula is;

= Amount / ( discount rate - growth rate)

= 6,500 / ( 12% - 5%)

= $92,857.14

ii. Choose <u>$19,000 for each of 10 years</u> as it has the highest present value.

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3 years ago