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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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In the context of experimental research, the logic of random assignment is

zimovet [89]

The answer to this question is: groups have equal and balanced composition.
Which means that each groups in experimental research are not displaying the too mcuh difference in term of average characteristics.
This will make sure that the data that acquired during the research are stable and can be trusted (not affected by a special variance)

3 0

3 years ago

Which of the following is not a type of informal report?

lozanna [386]

D feasibility is your best answer

Feasibility means "easily or conveniently done", which is not a extremely formal way of finishing things.

Complaints generally are formal, for you are trying to do business.

Progress brings formatility, for it must be formal and formatted for success.

Troubleshooting also needs formality, so that one can solve the problem as soon as possible

hope this helps

8 0

3 years ago

A _____ is subsidiary to the work-in-process account and is the primary document for accumulating all costs related to a particu

OlgaM077 [116]

Answer:

correct option is b. job-order cost sheet

Explanation:

A job order cost sheet is subsidiary to work in process

because job-order cost sheet are the documents that is use for record the manufacture cost.

and all necessary and important detail of cost & job is written in job cost sheet

and it is also accounting record of the company

so here given that primary document for accumulate all cost related to a particular task

so correct option is b. job-order cost sheet

8 0

3 years ago

Buffalo National Corp. (BNC) is currently an all-equity firm worth $320 million with 50 million common shares outstanding. BNC p

balu736 [363]

Answer:

The solution as per the given problem is provided below throughout the explanation portion below.

Explanation:

The given values are:

Debt issued,

= 120

Pretax earnings,

= 80

Tax,

= 35%

All equity firm,

= $320

Number of common stock,

= 50

(a)

Balance sheet before the debt issue's announcement will be:

Assets  320

Debt  0

Equity  320

then,

The total will be "320".

(b)

The per share price will be:

= $\frac{Equity}{Number \ of \ common \ stock}$

= $\frac{320}{50}$

= $6.40$

or,

After tax, the net income will be:

= $EBIT(1-t)$

= $80(1-0.35)$

= $80\times 0.65$

= $52$

(c)

The return on equity will be:

= $\frac{Net \ income \ after \ taxes}{Value \ of \ equity}$

= $\frac{52}{320}$

= $0.1625$

or,

= $16.25$ (%)

5 0

3 years ago

Getting merchandise floor-ready entailsA. distributing and dispatching.B. ticketing and marking.C. vertical supply chain wholesa

Katarina [22]

Answer:

B. ticketing and marking

Explanation:

Floor ready is the term used to refer to the merchandise which is ready to sale and that the merchandise is detailed with every description required.

That means it is ready with the size, quality, and quantity that is required to be marked.

Along with that it is even priced more properly and is already tagged with the label of description and price.

This all labeling and ticketing is basically done in the retail store before it is offered to the customer.

6 0

3 years ago