Answer: The answer is as follows:
Explanation:
(1) When the consumers buy tablet computers, so this exchange will be occurs in the product market because there is a exchange of goods and services between the two parties that the buyer of tablet computers and seller of the same. Product market refers to the market at which there is a buying and selling of goods and services.
(2) Whereas the resources that are used to produce the tablet computers are bought and sold in the factor market. Factor market refers to the market in which there is a buying and selling of inputs that are used to produce certain products.
Answer:
The correct answer is option C.
Explanation:
It is assumed that initially the workers in both shoe as well as computer industry are earning the same wage rate. Now, with the reduction in trade barriers there is an increase in the import demand for shoes.
This further causes domestic prices of shoes to fall. We know that supply and price are directly related, so the domestic supply of shoes will decline as well. As firms produce less shoes, they will need less workers. This causes demand for labor to decline.
At the same time demand for computers by foreign consumers increases contributing to an increase in its price. This will cause an increase in the supply of computers. The firms will need more workers to produce more. As a result demand for labor in computer industry will increase.
Answer:
Sales Revenue = 441,000
COGS 4,900 x 38 = 186,000
Gross Profit 254.800
Selling variable 4,900 x 2 = 9,800
Selling and administrative 65,200
Net Income 179,800
Explanation:
Sales
4,900 x 90
COGS
Fixed 78,000/6,000 = 13
Variables 25
Unit cost 38
4,900 x 38 = 186,200
Selling variable
4,900 x 2 = 9800
<span>John's mistake of driving his car to work, instead of to the golf course to play with his friends, is an example of habitual behavior. John has developed the habit of driving to work during his work week. Even though he is now on vacation, he falls victim to habitual behavior and proceeds to the incorrect destination.</span>
Answer:
A) buy the product in Hong Kong and sell it in Shenzhen so eventually the price in Shenzhen will decrease and the price in Hong Kong will increase
Explanation: when the price of the product in Shenzhen reduces due to the low priced product being sold in same place the high priced is sold, this would even out the demands and the price of that in Shenzhen would be dragged down to be able to compete with that of the low priced.
