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stepladder [879]
1 year ago
8

if a small country produces 100 units of product x and consumes 140 units at a price of $2 under free trade, but the imposition

of a tariff leads to a situation where domestic price is $2.20, domestic production is 120 units, and domestic consumption is 125 units, then the gain in producer surplus in this country because of the tariff is .
Business
1 answer:
kramer1 year ago
4 0

The gains in producer surplus in this country because of the tariff is. $22.00.

A surplus is if you have extra of something than you want or plan to use. For example, whilst you prepare dinner a meal, when you have meals ultimately after all people have eaten, you've got got a surplus of meals. a number of belongings in extra of what's considered necessary to fulfill liabilities. adjective. 5. being a surplus; being in extra of what's required. surplus wheat.

Surplus budget means, at any given date, the extra coins and different diagnosed belongings which are predicted to be resolved into coins or its equal withinside the herbal route of activities and with an inexpensive certainty, over the liabilities and important reserves on the identical date.

Learn more about surplus here

brainly.com/question/14332993

#SPJ4

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When firms are faced with making strategic choices to maximize profit, economists typically use a. the theory of monopoly to mod
stepladder [879]

Answer:

The correct answer is option c.

Explanation:

Game theory is a tool in economics. It helps to understand the situation in cases where rational players interact and act in a strategic manner. For instance in an oligopoly market where there are few firms, which are interdependent.

These firms or producers are rational players who have to decide output and price level in order to maximize their economic profits.

The theory of monopoly can be applied only in case of monopoly market. The cartel theory is applicable if firms have formed a cartel. Aggressive competition model is not always necessary.

So, the correct answer here will be option c.

6 0
3 years ago
Accounts ($000,000)
abruzzese [7]

Answer:

Explanation:

See attached file .

Download docx
3 0
4 years ago
Joshua started a tutoring website. After a few months, a publishing company filed a lawsuit against his company for copyright in
anygoal [31]

Answer:

b. a proprietorship

Explanation:

A proprietorship -

It refers to the most simplest business form , where one can start or operate an business , is referred to as a proprietorship  .

A sole proprietorship refers to the person , who can operate a business , and is responsible for any type of loss or debt , is referred to as a sole proprietorship .

Hence , from the given scenario of the question,

The correct option is b. a proprietorship .

8 0
3 years ago
Koto’s average velocity was 4. 5 m/s. She started at her house and traveled 15000 meters north, 5000 meters east, 20000 meters s
lys-0071 [83]

The correct statement is that the average time taken by Koto for completion of such trip is 3 hours. So the correct option that matches the quoted statement above is D.

The calculation of such trip of Koto can be done by applying the known formula of Time when the Speed is multiplied by Distance to compute the actual time of the trip.

<h3>Calculation of Time taken for travel</h3>

  • We know the formula that

  • \rm Speed= \dfrac{Distance\ Travelled }{Time\ taken}\\\\Time= Speed\ x\ Distance

  • Using the formula above, the commute in each direction is added as 45000 meters or 45 kilometers.

  • If Koto's average speed is 4.5 meters per second, then she travels roughly 270 meters in one minute. Using this information, putting the values in the formula, we get,

  • \rm Time= \dfrac{45000\ }{270}meters\\\\\rm Time= 166.7

  • Converting minutes into hours, we get

  • \rm Hours= \dfrac{Minutes}{60}\\\\\rm Hours= \dfrac{166.7}{60}\\\\\rm Hours=2.77\ hours

  • Time will be rounded off to the nearest value, and we can conclude that the trip takes about three hours to complete.

Hence, the correct option is D that the time taken by Koto to complete such trip is roughly three hours.

Learn about Time and Distance here:

brainly.com/question/4199102

8 0
2 years ago
A firm utilizes a strategy of capital rationing, which is currently $375,000 and is considering the following two projects: Proj
irinina [24]

Answer:

The manager should pick project B

Explanation:

To determine what decision the manager should make, the NPV of both projects should be calculated.

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

NPV for project A

Cash flows:

Year 0 = $-335,000

year 1 = $140,000

year 2 = $150,000

year 3 = $100,000

I = 6%

NPV= $14,536.87

NPV for project B

Cash flows:

Year 0 = $-365,000

year 1 = $220,000

year 2 = $110,000

year 3 = $150,000

I = 6%

NPV= $66,389.67

Both projects are profitable but because the firm uses capital rationing , the manager has to pick the now profitbale project, which is project B.

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

7 0
3 years ago
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