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Galina-37 [17]
3 years ago
10

What's a good way to start this?. . Use a graph to show the impact on the price of Japanese cars sold in the United States if th

e United States imposes import quotas on Japanese cars. Now draw another graph to show how the change in the price of Japanese cars affects the price of American-made cars in the United States. Explain the market outcome in each graph and the link between the two graphs.
Business
1 answer:
Likurg_2 [28]3 years ago
5 0
In making a graph first you must consider the elements, variables and also the data that you need to import in your graph. Second is what could be the type of values or data that is used in the X axis and Y axis. The third is the plotting of data and lastly finding the slope of the graph.
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Price discrimination is the practice of charging different prices for the same product that are not justified by cost difference
Sergeu [11.5K]

Answer:

<h2>Because firms in a perfectly competitive market does not have any price making ability or market power,they are not able to engage in any price discrimination.Hence,the correct answer is  the last option or True,because perfectly competitive firms have no market power.</h2>

Explanation:

In Microeconomics,perfectly competitive markets are characterized by many buyers and sellers in which the sellers and firms usually sell homogeneous or identical products.Now,as there are many firms in the market and no barriers to entry for new firms into the market,the market competition or rivalry is high and hence,no single firm has the ability to determine and manipulate the market price according to their own economic advantage because if any firm tries to do so,it will loose significant market share as most customers would move to other sellers/firms charging lower price or regular market price.Therefore,the market price is fixed in the perfectly competitive market as the firms do not have price making or market power.Consequently,they are not able to charge different prices to different customers according to their maximum willingness to pay or differences in price preferences.

3 0
3 years ago
Storm Concert Promotions Valle Home Builders
KIM [24]

Answer:

<u><em>Storm Concert Promotions</em></u>

It was overapplied as the amount appliued exceed the actual overhead cost so we decrease the cost of good.

manufacturing overhead   3,200 debit

            COGS                         3,200 credit

<u><em>Valle Home Builders</em></u>

It was underapplied as the amount applied was below the actual overhead cost. We must increase the cost of our good sold to recognize the extra cost.

COGS                                 1,200 debit

manufacturing Overhead       1,200 credit

Explanation:

Storm Concert Promotions

Actual indirect materials costs     22,000

Actual indirect labor costs            46,000

Other overhead costs            <u>        17,000   </u>

Total overhead                             85,000

Overhead applied                        88,200

Overapplied overhead                   3,200

Valle Home Builders                

Actual indirect materials costs  12,500

Actual indirect labor costs        46,500

Other overhead costs            <u>    47,000   </u>

Total overhead                         106,000

Overhead applied                   105,200

Overhead underapplied             1,200

6 0
3 years ago
Cynthia always buys whichever brand of paper towels is on sale, even if it is not the highest quality towel. her paper towel buy
Ann [662]

Single feature model

In this case, the single feature that Cynthia cares about is price. The single feature model works well for simple decisions, but most purchases require more thought. For example, buying a house based solely on price would be a terrible idea because it might be in a bad neighborhood or terrible condition.

6 0
3 years ago
What is a good camera for vlogging and how much does it cost? I'm looking something for 1,000 and under.
kozerog [31]

Answer:

EOS M50 Mark II EF-M 15-45mm f/3.5-6.3 IS STM Lens Kit Black

search it

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3 years ago
For each of the following accounts indicate the effect of a debit or a credit on the account and the normal balance.
mestny [16]

Answer:

dont be lonely

Explanation:

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