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stellarik [79]
2 years ago
10

(8 points) Portland and Aleland are two identical countries. Beer manufacturers in each country compete under monopolistic compe

tition. a.Suppose the two countries engage in trade. Describe the impact of free trade on consumers in Portland. b.How does trade affect the productivity of surviving domestic producers in Portland
Business
1 answer:
777dan777 [17]2 years ago
3 0

Answer:

Explanation:

a) Consumers in Portland will gain from an increase in the varieties of beer available through importing. Additionally, prices will fall due to the increased competition.

b) By selling abroad, the producers in Portland will be able to lower their average costs through increasing returns to scale. However, they will face greater competition in their local market due to new varieties available from the import of beer from Aleland. As a result of the competition from Aleland, consumer demand for their variety decreases, thus driving their prices down.

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Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income​ statement: Ke
prohojiy [21]

Answer:

<em>Cash flow from operating activities:</em>  35,400‬

Explanation:

Net Income                 48,900

<u>non-monetary terms</u>

gain on sale of plant assets (5,300)

depreciation expense          14,000

changes in working capital:

current assest increase:     (21,000)

current liabilities decrease   (1,200)

<em>Cash flow from operating activities:</em>  35,400‬

Increase of current assets mean cash was used to acquired.

Decrease in current liabiltiies represnt cash erogation to settle them.

4 0
3 years ago
. Assume a home buyer puts 20% down on a $250,000 house and uses a mortgage to borrow the rest. What will the amount of the mort
Elina [12.6K]
20% down will be $50,000 so the balance will be $200,000 to take out a mortgage for. The higher the down payment the lower the mortgage required and lower payments would ensue also. Also, once one has a mortgage it ie wise to pay it by the week to reduce the interest. Over time this practice makes a difference.
7 0
3 years ago
Read 2 more answers
Ashton Construction assembles residential houses. It uses a​ job-costing system with two​ direct-cost categories​ (direct materi
Dimas [21]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

In December 2016​, Ashton budgeted 2017 ​assembly-support costs to be $8,300,000 and 2017 direct​ labor-hours to be 166,000.

With this information, we can calculate the budgeted indirect cost rate. <u>However, we can't calculate the actual indirect cost rate. I will provide the formula for both and a small example of the actual indirect cost rate.</u>

To calculate the budgeted indirect cost rate, we need to use the following formula:

Budgeted indirect cost rate= total estimated indirect costs for the period/ total amount of allocation base

Budgeted indirect cost rate= 8,300,000/166,000= $50 per direct labor hour.

Let's suppose that actual indirect cost was of 8,000,000 and actual direct labor hours of 175,000:

Actual indirect cost rate= total actual indirect costs for the period/ total amount of allocation base

Actual indirect cost rate= 8,000,000/175,000= $45.71 per direct labor hour

7 0
3 years ago
A race car travels northward on a straight, level track at a constant speed travels 0.754 km in 25.0 s. The return trip over the
Vikentia [17]

Answer:

27.42 m/s

Explanation:

Data provided in the question:

Distance traveled on a straight track = 0.754 km

Time taken to cover while going = 25.0 s

Time taken for the return = 30.0 s

Now,

Total distance covered = 2 × 0.754

= 1.508 Km

= 1508 m

Total time taken = 25 + 30 = 55 s

Therefore,

The average velocity of the car = Total distance ÷ Total time

= 1508 ÷ 55

= 27.42 m/s

6 0
3 years ago
Suppose that a car manufacturer discovers that it can lower its average costs if it diversifies its operation by also producing
frutty [35]

Answer: Economies of scale

Explanation:

Economies of scale occurs when there is a reduction in cost as a result of an increase in production. Economies of scale are the cost advantages which a business can exploit through the expansion of its scale of production. The aim of economies of scale is to lower the average costs of production.

When the car manufacturer diversifies his operation by producing pickup trucks and SUVs, there'll be a reduction in the average unit cost of output. This term refers to Economies of scale.

4 0
3 years ago
Read 2 more answers
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