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SpyIntel [72]
3 years ago
14

In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of internat

ional trade. Consider the following scenario: Without free trade, Sapphira has market power as a local producer. Once free trade is implemented in the local economy, Sapphira is no longer able to raise its prices above competitive levels. The previous scenario represents which of the following benefits of free trade?A. An enhanced flow of ideas B. Increased competition C. Lower costs through economies of scale D. Increased variety of goods
Business
1 answer:
vodomira [7]3 years ago
3 0

Answer:

B. Increased competition

Explanation:

Free trade is an economic policy where there are no restrictions to imports or export of goods and services.

Before the free trade, Sapphira had market power. She could set the price of her products. She would probably set her prices high enough to maximise profits.

Due to free trade which introduces more products to the market, sapphira is no longer able to set her prices as high as she used to. If her price is too high, consumers would not purchase her products.

This is an example of increased competition.

I hope my answer helps you

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For each long-distance call anywhere in the continental United States, a new phone service will charge users $0.30 per minute fo
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Answer:

The average length of his calls will stay the same. It's the cost that would change, not the length

Explanation:

4 0
3 years ago
Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Ja
GenaCL600 [577]

Answer:

Results are below.

Explanation:

Giving the following information:

Miles Driven Total Cost

January 10,000 $17,000

February 8,000 13,500

March 9,000 14,400

April 7,000 12,500

<u>To calculate the variable cost per unit and the total fixed cost, we need to use the following formula:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (17,000 - 12,500) / (10,000 - 7,000)

Variable cost per unit= $1.5

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 17,000 - (1.5*10,000)

Fixed costs= $2,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 12,500 - (1.5*7,000)

Fixed costs= $2,000

3 0
3 years ago
Your next task is to provide a pricing recommendation for the bookshelf system. The product comes with five equal-length finishe
AlexFokin [52]

Answer:

Sales Price Per Unit = $ 110

Explanation:

Break Even Sales Volume in Dollars  =

Break Even Sales Volume in Dollars= Fixed Costs/ 1- (variable Costs/ Sales)

Break Even Sales Volume in Units = Fixed Costs/ Contribution Margin per Unit

On Rearranging the above given formula

Contribution Margin per Unit = Fixed Costs/ Break Even Sales Units

Sales Price per Unit  - Variable Price Per unit =$150,000/2500

Sales Price Per Unit - $ 50= 60

Sales Price Per Unit = 60+ 50= $ 110

6 0
4 years ago
Read 2 more answers
Terrell and hi parents live in a home near San Francisco. Terrell has a Visa card, which he is using to pay for car insurance to
nexus9112 [7]

Answer:

Terrell is using credit, which is a US regulated monetary system.

Explanation:

When you use credit (I also study finance along with investing) your borrowing money and paying it back later. This is a system that banks and government agencies make lots of money from, and they make money long term, while Terrell gets to pay his insurance in the short term. (I would advise against putting more than 10% of your credit limit of your credit card. Yes I know about credit cards lml) *edit- Credit is a form of small loans unless its secured or prepaid*

8 0
3 years ago
Which of these tax forms reports an employee's yearly social security tax withheld?
Bezzdna [24]

Answer:

It is form W-2. It is a form ofthe Internal Revenue Service (IRS) tax document utilized as a part of the United States to report compensation paid to workers and the assessments withheld from them. Managers must finish a Form W-2 for every representative to whom they pay a pay, wage, or other remuneration as a component of the business relationship.

Explanation:

brainliest plzzzzz

6 0
3 years ago
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