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BigorU [14]
4 years ago
14

Le Jouet is a profit-maximizing firm that produces toy trains. In France, its home country, it enjoys unchallenged market power

due to trade barriers that restrict competition. However, Le Jouet also exports toy trains to Russia, where the market is highly competitive. Given this scenario, which of the following statements is correct? The demand that Le Jouet faces for toy trains in France is less elastic than in Russia. The demand that Le Jouet faces for toy trains in Russia is less elastic than in France. Le Jouet sells toy trains at a lower price in Russia to dispose of its excess inventories.
Business
1 answer:
marysya [2.9K]4 years ago
6 0

Answer:

The demand that Le Jouet faces for toy trains in France is less elastic than in Russia.

Explanation:

This is the statement that best describes the panorama that Le Jouet faces in France. When comparing the markets of France and Russia, we learn that the demand for toy trains in France is less elastic than the demand in Russia. Price elasticity refers to a measure of responsiveness of consumers. This measures how responsive consumers are to a price change.

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The market and Stock J have the following probability distributions: Probability rM rJ 0.3 15% 20% 0.4 9 5 0.3 18 12 a. Calculat
wlad13 [49]

Answer:

A) The expected return for the market is 13.5 and stock is 11.6.

B) The standard deviation of the market is 3.85 and stock is 6.22.

Explanation:

\text{The formula to find the expected value.} \\\mu =E(X) = \sum xP(x) \\\text{Expceted return from market.} \\\mu_m = E(rates \ of \ return \ on \ market) \\= (15)(0.3)+(9)(0.4)+(18)(0.3) \\= 13.5 \\\text{The expected rate of return from stock J.} \\\mu_j = E(rates \ of \ return \ on \ market) \\= (20)(0.3) + (5)(0.4) + (12)(0.3) \\= 11.6 \\

\\B. \text{The formula for variance.}\\\sigma ^2 = Var(X) \\= \sum x^2 P(x)- \mu^2 \\Standard \ deviation, \sigma = \sqrt{\sigma ^2} \\\text{Vraince from market.} \\\sigma _m ^2 = \left [ (15)^2 (0.3) + (9)^2 (0.4) + (18)^2 (0.3) \right ] - (13.5)^2 \\= 167.1 - 182.25 \\= 14.85 \\

Standard \ deviation = \sqrt{14.85} \\= 3.85357 \\\text{Variance of stock J.} \\\sigma _j ^2 = \left [ (20)^2 (0.3) + (5)^2 (0.4) + (12)^2 (0.3) \right ] - (11.6)^2 \\= 173.2 - 134.56 \\= 38.64 \\Standard \ deviation \ of \ stock \ J = \sqrt{38.64} \\= 6.216108 \\= 6.22

4 0
4 years ago
The question of how a tax change might impact U.S. economic output is most closely associated with the study of
inn [45]

A tax change that might impact U.S. economic output is most closely associated with the study of macroeconomics.

<h3>What do you mean by macroeconomics?</h3>

Macroeconomics is the study of how economies function, including changes in the balance of payments, inflation, interest and foreign exchange rates, and economic production. Only with a solid monetary and fiscal policy are poverty alleviation, social equality, and sustainable growth conceivable.

Maximizing the standard of living and achieving steady economic growth are the overarching objectives of macroeconomics.

Functioning of an Economy, Formulation of Economic Policies, Understanding Macroeconomics, Understanding and Controlling Economic Fluctuations, Inflation and Deflation, Study of National Income, Study of Economic Development, Study of an Economy's Performance, and Nature of Material Welfare are all important aspects of macroeconomics.

To know more about Macroeconomics refer to: brainly.com/question/13120341

#SPJ4

8 0
2 years ago
How much of the following is taxable? a. Cheline, an actress, received a $6,400 gift bag for attending the Academy Awards Ceremo
Bingel [31]

Answer:

A. $6,400

B. $240

C. $1,000,000

D. $30,000

Explanation:

Requirement A, C, and D:

Prizes and awards are taxable income for a taxpayer. Any awards or prizes won from the lottery or television should be added to the income. Therefore, the Winning lottery is a taxable income for Kerry, $1,000,000. Again, Receiving the award for scientific research is also taxable income for Deborah, $30,000.

The winning award for accomplishments is also a taxable income. So, receiving a $6,400 worth gift bag is a taxable income for Cheline.

Requirement B:

There is an exception if the award is for tangible property and a long-years of accomplishment. At that time, the taxpayers will be excluded from some part of the necessary amounts to be paid as tax. If it is not a qualified award, the exclusion will be $400. If it is qualified, the tax exclusion is 1,600. Since Jon received a gold watch for 25 years of service and the gift is not qualified, he has to pay tax for $(660 - 400) = $240.

6 0
4 years ago
According to the video, what tasks do Helpers-Production Workers commonly perform? Check all that apply. fetching and holding ma
snow_tiger [21]

Answer:

fetching and holding materials

moving materials between work areas

keeping records

cleaning machinery

Explanation:

These are correct on edge

7 0
3 years ago
Read 2 more answers
Marleen, an obese adult, lost 20 pounds over the course of a year. within the next two years, she is most likely to
Zinaida [17]
<span>gain back 20 or more pounds.</span>
6 0
4 years ago
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