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2 years ago

Suppose that, with free trade, the world price of the product is $15. what is the value of consumer surplus?

Business

1 answer:

shtirl [24]2 years ago

7 0

Suppose that, with free trade, the world price of the product is $15. The value of consumer surplus will be $697.50

<h3>What is Free Trade?</h3>

Governments impose no tariffs, taxes, or duties on imports or export quotas under free trade. In this sense, free trade is the polar opposite of protectionism, a defensive trade policy aimed at preventing foreign competition.

In practice, governments with generally free-trade policies still impose some controls on imports and exports.

Most industrialized nations, including the United States, negotiate "free trade agreements," or FTAs, with other countries that determine the tariffs, duties, and subsidies that countries can impose on their imports and exports.

Local trade gets the right to see the cutting-edge technologies developed by multinational partners, as well as human expertise.

The aim of business is to maximize profits, whereas the goal of government is to protect its citizens.

Neither unrestricted free trade nor total protectionism can achieve both goals. The best solution has evolved from a combination of the two, as implemented by multinational free trade agreements.

To learn more about Free Trade, visit:

brainly.com/question/10473895

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As a foreign subsidiary matures:

Alex73 [517]

Answer: The local HR unit’s responsibilities for planning, training, and compensation broaden

Explanation:

A foreign subsidiary company is a partially or wholly owned company which is part of a larger corporation with its headquarters in another country. Such companies are incorporated under the country's law it is located.

When a foreign subsidiary grows and matures, the responsibilities of the local human resource unit for planning, compensation and training will broaden.

8 0

3 years ago

Specific development, pricing, promotion, and distribution of products that do less harm to the environment are known as:______

stellarik [79]

Answer:

C). green marketing.

Explanation:

Green marketing can be regarded as the marketing of products/services which are presumed as an environmentally safe products. It involves range if activities such as modifications of products, change in process of production, modifications of advertisement as well as sustainability packaging of products. It should be noted that Specific development, pricing, promotion, and distribution of products that do less harm to the environment are known as green marketing

8 0

3 years ago

During March, the production department of a process operations system completed and transferred to finished goods 25,000 units

never [62]

Answer:

$2.10

Explanation:

The computation of the cost per equivalent unit for direct material is shown below:

= (Direct material cost + Beginning inventory cost) ÷ (equivalent units for the materials)

where,

Equivalent units would be

= Completed and transferred units + beginning work in progress units + additional units

= 25,000 + 110,000 + 30,000

= 165,000 units

And, all the other things would remain the same

= ($253,000 + $93,500) ÷ (165,000 units)

= $2.10

Since all the units are completed with 100% and we consider it same

7 0

3 years ago

Sawyer Components manufactures high-cost, customized roller parts for paper mills and is expanding into China because of the opp

saveliy_v [14]

The fact that Sawyer Components have seen opportunities in China and want to expand there reflects<u> global vision. </u>

<h3>What is global vision?</h3>

This refers to the ability of a company to see beyond factors affecting it from its native country.

It involves seeing opportunities, threats, and weaknesses in the global market, and then acting to take advantage of them like Sawyer Components wants to.

Find out more on the importance of vision at brainly.com/question/4436066.

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4 0

2 years ago

A manager invests $400,000 in a technology that should reduce the overall costs of production. The company managed to reduce the

Ainat [17]

Answer:

a. Considered sunk costs, not relevant in further decision making

Explanation:

the missing options are:

a. Considered sunk costs, not relevant in further decision making
b. Considered sunk costs, but still relevant in further decision making
c. Considered a loss
d. Considered a profit

After the investment in new technology has been made, it will be considered a sunk cost, because they are no longer relevant or important when considering or evaluating future investments and projects. Sunk costs are expenses that have already been made and incurred, and cannot be recouped.

5 0

3 years ago