Answer: ¥15575
Explanation: if $1----¥89
$175- = 175*89 =15575
The explanation of the maths above is , since I am travelling to Japan and I am interested in buying a new kimono at a cost of $175 that means I don't want to spend more than $175 for a new kimono in Japan. Since the exchange rate for yen in Japan is ¥89 to $1, then converting my $175 which I have in budget to yen will be the multiplication of 175*89= 15575. I.e $175 that I am willing to pay for a new kimono is ¥15575 in Japanese yen.
Answer:
for what? sorry I didn't get your question.
Answer: $3; $6
<span>The two firms formed a cartel which means they agree to produce same with the purpose of maintaining prices at a high level and restricting competition.</span> In the case of two firms who agree on producing 6 units but one cheat, this will be the effect:
<span><span>At 6 units each, and a market price of $10, each firm will have a gross sale of $60. If one cheats and produced 7, the market price will fall to $9, resulting to $63 (7*9) and a gain of $3. The noncheating firm will acquire a sale of $54 (6*9) only or a loss of $6. The answer is </span><span>$3; $6.</span></span>
You might struggle through delayed profitability where the market maynot already be established , it might take a long time to come profitable
