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stellarik [79]
3 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]3 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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Data concerning Wang Corporation's single product appear below: (Do not round your intermediate calculations.)
Kipish [7]

Answer:

The break-even in monthly dollar sales is closest to $215,000

Explanation:

The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:

Break-even point in units = Fixed expense/(Selling price per unit-Variable expense per unit) = $144,050/($230.00 - $75.90) = 935 units

The break-even in monthly dollar sales = 935 x $230.00 = $215,000

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3 years ago
On Jan. 2, Callie Company received a $700 payment from a customer previously billed for services performed. The journal entry to
Lerok [7]

Answer:

Cash and equivalents $700 Debit*

Accounts Receivables $700 Credit*

Explanation: The cash represents a debit because we are receiving the cash from a sale already made and the credit is made accounts receivable, because the product was previously sold only that a payment term was given to the person who is currently fulfilling, then the account receivable becomes cash as part of the company's operating cycle.

7 0
3 years ago
The ________ problem occurs when supervisors tend to rate all their subordinates consistently low.
fenix001 [56]
The "<span>strictness"</span><span> problem occurs when supervisors tend to rate all their subordinates consistently low.
</span>
Many supervisors will tend to rate every one of their subordinates reliably high or low. alludes to giving high evaluations or ratings, while strictness alludes to giving low appraisals or ratings. Central tendency alludes to giving normal scores.
8 0
3 years ago
Read 2 more answers
Question 10 of 36
lana66690 [7]

Answer:

A

Explanation:

To answer the question, we look at an extreme scenario of 0% interest rate and see the minimum repayment Jade will make on the loan taken

Therefore,

Interest Rate = 0%

This means that the loan to be paid will be calculated as follows

Monthly payments x 12 Months x 14 Years

= $195 x 12 months x 14 years = $32, 760

The meaning of this outcome is that the lower the interest rate to be paid, the higher the size of the loan, because at 2.9% the loan= $26,898.98 and at 0% rate the loan= $32, 760.

The conclusion therefore is a 2.7% interest rate which is lower than 2.9% but not as low as the extreme 0% will cause the loan amount to be higher than $26,898.98. This affirms option A.

Options B and C are wrong because 2.5% and 2.3% are lower than 2.9%, therefore, the loan amount will be higher. Option D is also wrong because a 3.1% interest rate is higher than 2.9%, therefore, the amount should be lower not higher than $26,898.98

7 0
2 years ago
My carrots have grown sprouts, are they still good?
Nataliya [291]
Yes, they are. You can just cut off the end and use it like nothing happened! :)

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