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3 years ago

10

â__________ is the act of using quotas or tariffs to shield one or more industries within a countryâs economy from foreign compe

tition.

1 answer:

Ivenika [448]3 years ago

3 0

Â Protectionism is the act of using quotas or tariffs to shield one or more industries within a country's economy from foreign competition.

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Which curves would be affected by the government imposing a $50,000 license on all liquor stores?

rjkz [21]

The answer is the "Fixed Cost Curved". Why? Because the $50,000 license is a fixed cost. The license serves as a permission to sell liquor. The fixed cost curved will be affected since, the cost of the license is $50,000 and will not increase nor decrease regarding the amount of liquor sold by the store.

4 0

4 years ago

The Mini-Case "Pay-for-Delay Agreements" states that some incumbent producers of drugs with expiring patents paid potential ge

kherson [118]

Answer: charge a monopoly price

Explanation:

Patents provide an exclusive right to the firm in the production and sale of a drug. This provides the firm exclusive market power to decide the price and the quantity and therefore the firm is able to charge a monopoly price and also earn monopoly profits.

When an existing patent expires and the generic producers enter the market, the price reduces due to an increase in the supply of the erstwhile patented drug. This will reduce the monopoly profit of incumbent producers. Therefore, they will seek to deter the entry of generic drug makers in order to safeguard their monopoly profits and price.

Therefore, incumbents were willing to give enough to potential entrants so as to make them delay entry to charge a monopoly price.

The effect of the 2013 Supreme Court decision allowing legal action against these companies is increase in the cost of pay-for-delay agreements and also reduce incumbent profits from these agreements.

8 0

3 years ago

Hochberg Corporation uses an activity-based costing system with the following threeactivity cost pools:Activity Cost Pool Total

klasskru [66]

Answer:

The answer is option A

Explanation:

Amount($) Activity cost pools Allocated amount($)

Wages and salaries 340,000 30% 102,000

Depreciation 160,000 15 % 24,000

Occupancy 220,000 15 % 33,000

Total 720,000 159,000

Cost driver (hours) 30,000 machine hours

Rate per machine hr 159,000 ÷ 30,000

=$ 5.30

5 0

4 years ago

What are the expenses a firm must pay before it can begin to produce and sell goods called?

Aloiza [94]

Answer:

The answer is startup costs.

Explanation:

Startup costs are inevitable costs that a new business would incur when starting to establish its operations. Some examples of this would be legal services cost to help them in registering the company, designer services for company logo and official website, and initial office rental cost. It is advised to budget wisely the total expense you would need for this before paying for them.

7 0

3 years ago

Sheridan Custom Electronics (SCE) sells and installs complete security, computer, audio, and video systems for homes. On newly c

Hunter-Best [27]

Answer:

A.)Labor rate = $74.50

B.)Material loading percentage= 93%

C.)Total estimated bill = $83,160

Explanation:

TIME CHARGES:

Technicians' wages and benefits - $165,300

Parts manager salary and benefit -

Office employee's salary and benefit - 23,370

Other overhead - 13,680

Total budgeted costs $202,350

MATERIAL LOADING CHARGES:

Technicians' wages and benefits -

Parts manager salary and benefit - $33,700

Office employee's salary and benefit - 12,290

Other overhead - 39,420

Total budgeted costs - $85,410

A.)

Budgeted hours - 5700

Budgeted cost per labor hour = 202,350/5700 = $35.5

Add: profit margin = $39

Labor rate = $74.5

total invoice cost of parts and materials in 2020 will be = $657,000

Material loading charges = 85410/657000 = 0.13 = 13 %

Add: profit on parts = 80%

Material loading percentage = 93%

C.)

Estimated labor hours = 80

Material parts = $40,000

Labor charges = 80 * $74.5 = $5960

Material parts = $40,000

Material loading charges = 93% * 40000 = $37,200

Total estimated bill = $83,160

8 0

3 years ago