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Anna007 [38]
3 years ago
13

Illustrate the following with supply and demand curves:

Business
1 answer:
Ilya [14]3 years ago
4 0

Answer:

Please see attachment

Explanation:

Please see attachment

You might be interested in
What responsibility, if any, does fishpeople have to the local fishing industry?​
Evgen [1.6K]

Answer:

IN UK

Explanation:

Contents

Rules for access to waters after the UK leaves the EU

Quota allocations and fishing opportunities

North-East Atlantic Fisheries Commission (NEAFC) Convention Area

Regional fisheries management organisations (RFMOs)

Access to ports

EU and non-EU (third country) vessels landing into UK ports

Import and export of fishery products

Exporting UK-caught fish and fishery products to the EU

Importing EU-caught fish and fishery products to the UK

Labelling and marketing of fishery and aquaculture products

European Maritime and Fisheries Fund

Eels and eel products

Rules for access to waters after the UK leaves the EU

When the UK leaves the EU, the government will control and manage access to fish in UK waters. It will be responsible for managing the UK’s:

territorial waters (out to 12 nautical miles)

Exclusive Economic Zone (out to 200 nautical miles or the median line with other states)

The UK government will make sure that fisheries control and enforcement continue.

UK waters

There will be no change to your rights and responsibilities if you have a UK-registered vessel fishing in UK waters. You must continue to comply with the law and the conditions of your licence, including the economic link criteria.

Non-UK-registered vessels will no longer have automatic access to UK waters. This will be subject to any existing agreements covering territorial waters.

EU and non-EU (third country) waters

There will be no automatic access for UK-registered vessels to fish in EU or non-EU (third country) waters. This will be subject to any existing agreements covering territorial waters.

Quota allocations and fishing opportunities

If you’re a UK quota holder, the UK fisheries administrations will tell you what your allocation will be. They aim to do this in October 2019.

The government will also confirm arrangements for:

non-quota shellfish (scallops, edible crabs and spider crabs)

demersal species under the Western Waters effort regime (demersal species live mainly on or near the sea floor)

There will be no automatic access for:

the UK Fisheries Administrations to exchange fishing opportunities with EU member states

EU member states to exchange fishing opportunities with the UK

North-East Atlantic Fisheries Commission (NEAFC) Convention Area

You can prepare for the UK joining the NEAFC. For UK-registered vessels to continue fishing in the convention area, and landing into the EU, you must hold a current UK domestic licence. You’ll need this before you can apply for an international licence from the relevant fisheries authority.

Please contact your local fisheries authority office if you want further guidance on fishing internationally. You’ll also need to register with the NEAFC’s electronic Port State Control system and complete the Port State Control 1 forms.

Regional fisheries management organisations (RFMOs)

The UK will join all relevant RFMOs as quickly as possible - it will no longer be a member of RFMOs through EU membership. The joining process may take up to 6 months.

During this time, UK vessels may not be able to fish in international waters covered by RFMOs. The Department for Environment, Food and Rural Affairs (Defra) will keep fishermen informed of progress and what the outcome of a decision will mean in practice.

Access to ports

If you have a UK-registered vessel, you’ll no longer have an automatic right to land fish in any EU port. You’ll be allowed access to EU designated ports for:

port services

landings

transhipment

the use of market facilities (where vessels meet EU requirements on illegal, unreported and unregulated fishing)

You must notify the relevant Fisheries Monitoring Centre of your intention to arrive into a designated port. You must notify vessel and catch-related information

6 0
3 years ago
Eventually, Wallace expects that domestic production of the mousetrap will cease altogether. This would happen in the ________ s
jok3333 [9.3K]

Answer:

Maturing product

Explanation:

A product goes through four stages in its life, introduction, growth, maturity and decline. It is during the maturity stage that sales drop as the product has reached almost everywhere. Consumers have accepted the product and now there is no further scope of reach.

Here, mousetrap production is expected to stop indicating that it has entered maturity stage of its life cycle. So, it's a maturing product.

4 0
4 years ago
Orear Corporation manufactures two products: Product Z34D and Product J25M. The company uses a plantwide overhead rate based on
Molodets [167]

Answer:

30%

Explanation:

For computing the percentage of the total overhead cost we need to find first plantwide overhead rate and Product J25M (absorbed overhead) which is shown below:-

Plantwide overhead rate = Total plant overhead ÷ Total number of labor hours

= ($120,000 + $90,000 + $84,000 + $300,000) ÷ (7,000 + 3,000)

= $594,000 ÷ 10,000

= 59.4 per labor hour

Product J25M (absorbed overhead) = Plantwide overhead rate × Direct labor hours of Product J25M

= $59.4 × 3,000

= $178,200

So, the Percentage of the total overhead cost = Product J25M (absorbed overhead) ÷ Total plant overhead × 100

= $178,200 ÷ $594,200 × 100

= 30%

6 0
3 years ago
A firm reported sales of $300,000 during the year and has a balance of $20,000 in its Accounts Receivable account at year-end. P
Lena [83]

Answer:

A) $ 1,200

Explanation:

The firm has estimated that one half of one percent of credit sales is uncollectible.

Total credit sales                                                                              $ 300,000

Estimated uncollectible accounts                                                           0.5 %

Allowance for uncollectible accounts balance        

$ 300,000 * 0.5 %                                                                             $      1,500

Available balance in allowance for uncollectible account             <u> $       300</u>

Additional amount to be recorded in allowance account              <u> $     1,200</u>

8 0
3 years ago
A closed-end fund starts the year with a net asset value of $22. By year-end, NAV equals $23.10. At the beginning of the year, t
guajiro [1.7K]

Answer:

a. Rate of return is 4.81%

b. He will receive the same return of 4.81% percent as the fund manger have.

Explanation:

a.

Start of the year NAV = $22 x 103% = $22.66

End of the year NAV = $23.10 x 0.92 = $21.25

Change in Price = 21.25 - 22.66 = - $1.41

Rate of Return = (( Change in NAV + Distribution received ) / start of the year NAV) x 100

Rate of Return = (( -$1.41 + $2.5 ) / 22.66 ) x 100

Rate of Return = 4.81%

b.

He will receive the same return of 4.81% percent as the fund manger have.

4 0
3 years ago
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