Answer:
lower prices for domestic production
Explanation:
tariffs means
more tax on imports so
imports would be more expensive
A. increased quantities of imports?
if imports are more expensive because of tariffs and
if people buy less
then there would NOT be
increased quantities of imports
because they are more expensive
B. higher prices for the import-competing goods both domestically and abroad?
import-competing (domestic) goods would be cheaper
C. lower prices for domestic production?
yes domestic production would be cheaper
D. less expensive exports?
only if other countries don't put tariffs on them themselves
The objective of test marketing is to find the limitations and strengths of the product based on customers' reactions. It also helps us to structure the marketing strategy of that product. A test marketing campaign aims to predict the revenue model (sales, profit, pricing).
Mutual savings banks are primarily regulated by the states
in which they are located.
<span>To add, a </span>mutual savings bank<span> is a financial institution chartered by a
central or regional government, without capital stock, that is owned by its
members who subscribe to a common fund. From this fund claims, loans, etc., are
paid. Profits after deductions are shared among the members.</span>
Answer:
D) $1.00
Explanation:
Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives.
If I buy a cappuccino, I have forgone the opportunity to buy Russian tea cakes. Therefore, my opportunity cost is the price of Russian tea cakes.
I hope my answer helps you.
Answer:
-$475,000
Explanation:
Total revenue = Baskets of peaches × Price
= 100,000 × $3
= $300,000
Explicit cost:
= Rent equipment + wages
= $100,000 + $100,000
= $200,000
Implicit cost:
= Land × Interest + salesman earned
= $1,000,000 × 0.55 + $25,000
= $575,000
Total cost = Explicit cost: + Implicit cost
= $200,000 + $575,000
= $775,000
Economic profit = Total revenue - Total cost
= $300,000 - $775,000
= -$475,000
