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Rashid [163]
3 years ago
5

Suppose the government is concerned about firms in the United States importing illegal caviar. As a result, the government incre

ases border patrols to catch illegal shipments. U.S. Customs agents perform DNA testing on the caviar to determine if it comes from endangered species of fish. If so, the government destroys the caviar.
What would we expect to observe in the caviar market?
Business
1 answer:
ss7ja [257]3 years ago
7 0

Answer:

C

Explanation:

here are the options to this question

a. equilibrium prices and quantities will increase.

b. equilibrium prices will increase by more if the demand for caviar is elastic than if demand is inelastic.

c. total revenues to caviar firms will increase if the demand for caviar is inelastic.

d. all of the above are correct

As a result of the increased government scrutiny of caviar, the supply of caviar would fall and a result of this, prices would rise.

if prices rise and demand is inelastic, the total revenue of caviar firms would rise.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

As a result of the rise in price of caviar, there would be little or no change in quantity demanded and total revenue of these firms would rise

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What are the basic element of selection of profession describe any two of them​
Lilit [14]

Answer:

• A professional makes deliberate choices where others have choices made for them or they simply react to what comes their way.

° A professional is afforded the luxury of making deliberate choices because he has made deliberate preparations.

•A professional can make deliberate preparations because his understanding of and familiarity with the relevant (professional) landscape informs him on how to prepare. Also, like the chess master, he is trained to understand the inevitable results of hundreds of different patterns; he has disciplined himself to observe the whole board and not just the most immediate features or the area with the most tension in the game.

•A professional is seldom caught off-balance. The discipline for deliberate preparation and the understanding that comes with it allow that even when something unexpected or unfamiliar is introduced, a professional can quickly understand its basis and easily extrapolate the appropriate tactic, strategy, or process for ethically and successfully resolving issues.

•In this capacity, and most fundamentally, a professional habitually makes the right choices because all of his choices are based on the integrity provided by his moral and ethical foundation. Any choice of expedience over integrity can quite easily be recognized by anyone as the wrong choice. Here, the professional simply acknowledges what is obvious, makes the right choice, and acts deliberately (and now we're back at the start of this list).

8 0
3 years ago
Consider the production department of a manufacturer of laptop computers. Classify the cost of the processor chips.
nikitadnepr [17]

Answer:

All the answers are correct.

Explanation:

The cost of the processor chips is a <em>direct cost</em> because it is the vital thing of any laptops. Without a processor, the laptop is nothing but a heartless product.

The cost is <em>variable</em> because the price of a processor varies as there are various processors in the computer market.

The cost is a <em>product cost</em> because it is directly related to manufacturing a laptop.

4 0
3 years ago
Southland Company is preparing... Southland Company is preparing a cash budget for August. The company has $18,300 cash at the b
Alekssandra [29.7K]

Answer:

The Company must borrow $5400

Explanation:

To calcualte the amount rewquired to be borrowed, we first need to calculate the cash shortage from the minimum cash requirement.

The cash at the end of the August will be,

Cash at the end = 18300 + 123400 - 137100 = $4600

The minimum requirement is $10000.

The shortage of cash is = 10000 - 4600 = $5400

Thus, the Company must borrow $5400

7 0
3 years ago
An insurance company’s projected loss ratio is 77.5 percent, and its expense ratio is 23.9 percent. It estimates that dividends
Elanso [62]

Answer:

6.4%

Explanation:

For computing the minimum yield on investment, first we have to find out the combined ratio which is shown below:

= Projected loss percentage + expense ratio + dividend percentage

= 77.5% + 23.9% + 5%

= 106.4%

So, the minimum yield on investment required is

= 106.4% - 100%

= 6.4%

The 100% is the percentage value

We simply applied the above formula

6 0
3 years ago
______ is the Gross National Product. Answer The value of crops produced annually The average stock price of major industries Th
allsm [11]
The total value of goods and services produce annually within the boarders of a country
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