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Zarrin [17]
3 years ago
5

During the past five years, the nation of Andolvia began a massive undertaking: teaching farmers how to successfully grow and ha

rvest peanuts. The government subsidized the building of peanut processing plants, where private businesses are now producing peanut butter and other products of nutritional value. Although the Andolvia government has not completely banned the importation of peanuts, it has placed ________________ on the number of peanut products that the nation can import each year, in order to protect Andolvia's young peanut industry.
a) counter measures
b) subsidiaries
c) import quotas
d) embargoes
Business
2 answers:
kykrilka [37]3 years ago
7 0

Answer:

The correct option is C,import quotas.

Explanation:

Import quota is an approach to prevent home industries from high foreign competition by placing a ceiling on the quantity of locally manufactured goods that can be imported.

By import quotas,the businesses are provided a level playing ground to thrive as they able to sell their products at reasonable prices and not chased out of business by foreign manufacturers that produce in large quantity at reduced cost in order to sell at a very competitive price.

Natalka [10]3 years ago
7 0

Answer:

C) import quotas

Explanation:

Import quotas are a type of trade barrier that is placed to reduce foreign competition from domestic producer. Import quotas along with tariffs (taxes on imports) distort domestic markets because even though the producers of peanuts will benefit, the consumers will suffer due to artificially high prices. Generally the lost consumer surplus outweighs the supplier surplus generated by import quotas or tariffs resulting a net economic loss for the country.

Sadly import quotas and tariffs are popular even in the US, because politicians claim that they are supporting local industries, but at the end the customers end up paying the higher costs.

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Know that giving customers too many choices can overwhelm and lead to fewer sales the benefit of limited sharing options
6 0
3 years ago
A firm with a production function Q = KL (where K is units of capital and L is units of labor) has an expansion path that is giv
Charra [1.4K]

Answer:

C. 120

Explanation:

The computation is shown below:

                                      (L × K)

<u>Labor L      Capital K   Quantity of Output Q         Total cost TC</u>

1                    2                      2                                       $40

2                   4                      8                                       $80

                                                                   (2 × $20 + 4 × $10)

3                    6                    18                                       $120

                                                                  (3 × $20 + 6 × $10)

4                    8                     32                                      $160

                                                                 (4 × $20 + 8 × $10)

As we can see that if we considered 3 units of labor so the total cost is $120

Hence, the correct option is c.

4 0
3 years ago
St. Vincent's, Inc., currently uses traditional costing procedures, applying $800,000 of overhead to products Beta and Zeta on t
tatyana61 [14]

The overhead cost that should be allocated to Zeta via activity-based costing is $356,000.

The following formula for determining the overhead cost allocated to Zeta:

= Zeta pool no 1 ÷ total pool no 1 × pool cost + zeta pool no 2 ÷ total pool no 2 × pool cost + zeta pool no 3 ÷ total pool no 3 × pool cost

= 2,800 ÷ 4,000 × $160,000 + 55 ÷ 100 × $280,000 + 750 ÷ 3,000 x $360,000

= $356,000

Therefore we can conclude that the overhead cost that should be allocated to Zeta via activity-based costing is $356,000.

Learn more about the overhead here: brainly.com/question/11950737

6 0
3 years ago
Sunland Corporation has retained earnings of $708,900 on January 1, 2020. Net income during 2020 was $1,663,000, and cash divide
andriy [413]

Answer:

Beginning RE                    708,900

prior period adjustment  <u>    89,470  </u>

adjusted beginning RE     798,370‬

net income                       1,663,000

cash dividends            <u>        (77,800)      </u>

ending RE                         2,383,570‬

Explanation:

The amend of the mistake is done to adjust the beginning retained earnings as it didn't occur in the current accounting cycle.

We have to added as it was posted as an expense something it wasnt Thus, our expense were overstated making a lower net income

then, we proceed normally by adding the net income and decreasing the cash dividends paid to arrive to ending RE

5 0
3 years ago
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It is true that Erin has a diversified portfolio as he invest in different investment.

<h3>What is a Portfolio diversification?</h3>

This refers to investing of funds in different asset classes and securities in an attempt to minimize the risk of a portfolio.

Hence, It is true & yes that Erin has a diversified portfolio as he invest in different investment.

Read more about diversification

<em>brainly.com/question/417234</em>

#SPJ1

5 0
2 years ago
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