A graphical analysis of tariffs reveals that they increase domestic production of the good for which imports face tariffs.
A tariff is a form of tax levied on the import of certain goods and services. Import goods are goods that are brought into a country from another country.
Tariffs increases the price of imported goods. This discourages importation of those goods. As a result, there is less competition between foreign produced goods and domestic production. This boosts domestic production.
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Answer:
$100
Explanation:
Total cost if he installs seven systems = $300
Total cost if he installs eight systems = $400
Therefore, the marginal cost of installing 8th system is the difference between the total cost of installing eight systems and the total cost of installing seven systems.
Marginal cost of installing 8th system:
= Total cost of installing 8 systems - Total cost of installing 7 systems
= $400 - $300
= $100
The profit maximization conditions says that the marginal cost must be equal to the marginal revenue.
Hence,
William will install eight systems per day only if the eight customer is willing to pay at least $100.
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Answer:
$18,250
Explanation:
In this question, we are asked to calculate the net operating income for a division of a firm.
We proceed as follows;
Turnover=Sales/Average operating assets
Average operating assets=(730,000/2)=$365000
Return on investment=net operating income/Average operating assets
Hence Average operating assets=($365000*5%)
which is equal to
=$18250.
Answer:
c. superior to other available products.
Explanation:
When using the differentiation strategy, a business aims to distinguish itself from the competition by offering a product or service that is perceived as unique or better when compared to what is currently available on the market. Therefore, the alternative that best fits this description is alternative c. superior to other available products.
