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4 years ago

Why does competition among traders affect how much of the gains from trade are given to the countries involved in the trade?

Business

1 answer:

erma4kov [3.2K]4 years ago

5 0

Answer:

As competition increases, traders must offer certain advantage to their clients, e.g. lower prices, credit sales, longer payment terms, etc., which end up benefiting their clients, and also traders will be willing to relinquish some of their gains to keep existing clients.

This is exactly the same thing that occurs in a given market when the number of suppliers increases, decreasing the equilibrium price and increasing consumer surplus.

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A Food Marketing Institute found that 52% of households spend more than $125 a week on groceries. Assume the population proporti

kkurt [141]

Answer:

$P(p>0.38) = P(z>-2.79)$

And using the complement rule we got:

$P(p>0.38) = P(z>-2.79)=1-P(Z$

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

Solution to the problem

For this case wwe know that p = 0.52 and n = 99 and we can check if we can use the normal approximation for the proportion distribution.

$np= 99*0.52= 51.48>10$

$n(1-p) =99*(1-0.52) = 47.52>10$

So then we can use the normal approximation.

The population proportion have the following distribution

$p \sim N(p,\sqrt{\frac{p(1-p)}{n}})$

The mean is given by:

$\mu_{p} = 0.52$

And the standard error is given by:

$\sigma_{p} = \sqrt{\frac{0.52*(1-0.52)}{99}}= 0.0502$

We want to calculate this probability:

$P(p >0.38)$

And for this case we can calculate the z score given by:

$z = \frac{p \mu_p}{\sigma_p}$

And replacing we got:

$z=\frac{0.38-0.52}{0.0502} = -2.79$

And using this formula:

$P(p>0.38) = P(z>-2.79)$

And using the complement rule we got:

$P(p>0.38) = P(z>-2.79)=1-P(Z$

4 0

4 years ago

Glenda opened a tax accounting business where she works with small businesses to manage their finances and prepare their records

pav-90 [236]

Answer:

making a profit

Explanation:

Profit making refers to the operations in which an individual or an organisation tries to sell their output in access of their production cost . In simple words, every individual that starts a business initiates it with the primary objective of earning income from those activities.

It is seen as the main incentive as no business could stand in the market without making sufficient profits for running and expanding their operations in the long and short run.

Thus, from the above we can conclude that the correct option is D.

3 0

3 years ago

Question 3 Lara Beal allocates wealth between two periods: youth and old age. Currently (in her youth) she has $8,000 in cash. S

Gnesinka [82]

Answer:

The correct answer is "$9450".

Explanation:

Given:

Payoff from investment,

= $6000

Lending to bank,

= $8000-5000$

= $3000$

Now,

At 15% interest,

The amount to be received from bank will be:

= $3000\times (1+\frac{15}{100} )$

= $3000(1+0.15)$

= $3000\times 1.15$

= $3450$ ($)

hence,

In her old age, most she can assume will be:

= $6000+3450$

= $9450$ ($)

4 0

3 years ago

The administration of one test at one time to one group and intercorrelation of odd with even items is called:

barxatty [35]

Split-half testing is known for the administration of one test at one time to a group and intercorrelation of odd with even items. Split-half testing helps maintain reliable information and consistency throughout tests and questionnaires.

5 0

3 years ago

A Kubota tractor acquired on January 8 at a cost of $85,000 has an estimated useful life of 10 years. Assuming that it will have

Lyrx [107]

Answer:

Depreciation expense using the straight line depreciation method:

Year 1 = $8500

Year 2 = $8500

Depreciation expense using the double declining method

Year 1 = $17,000

Year 2 = $13,600

Explanation:

Depreciation expense using the straight line depreciation method = cost of asset/ useful life

$85,000 / 10 = $8500

The depreciation expense each year would be $8,500.

Depreciation expense using the double declining method = Depreciation factor × cost of asset

Deprecation factor = 2 × (1 / useful life)

Depreciation factor = 2 / 10 = 1 / 5

Depreciation expense first year = 1/5 × 85,000 = $17,000

Net book value at the end of the first year =$85,000 - $17,000 = $68,000

Depreciation expense the second year = 1/5 × 68,000 = $13,600

I hope my answer helps you

8 0

4 years ago