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steposvetlana [31]
2 years ago
10

Consider a competitive market served by many domestic and foreign firms. the domestic demand for these firms' product is qd = 60

0 – 2p. the supply function of the domestic firms is qsd = 200 + p, while that of the foreign firms is qsf = 250.
a. determine the equilibrium price and quantity under free trade. equilibrium price: $ equilibrium quantity: units
b. determine the equilibrium price and quantity when foreign firms are constrained by a 100-unit quota. equilibrium price: $ equilibrium quantity: units
c. are domestic consumers better or worse off as a result of the quota? worse off better off neither better nor worse off
d. are domestic producers better or worse off as a result of the quota? worse off neither better nor worse off better off
Business
1 answer:
aleksklad [387]2 years ago
3 0

Answer:

a decrease in equilibrium price and an increase in equilibrium quantity

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Answer:

1. Deductive

2. Inductive

3. Deductive

Explanation:

Deductive research is a form of reasoning that stems from existing theories that can be tested. Data is collected to test a theory and the results are analyzed. The first and third scenarios are deductive research works because there are existing theories or data that can be worked on. In the first instance, data on issues of turnover already exist. In the third scenario, there were theories to explain gender differences.

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A production function is a relationship between:____.a. inputs and profit. b. inputs and quantity of output. c. inputs and reven
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Answer:

b. inputs and quantity of output

Explanation:

A production function is a relationship between inputs and the quantity of output. In other words, it is the entire production process that goes into creating a product. This includes the specific materials that need to be inputted into the process in order for the output to be exactly as needed in order for the product to come out as desired and the right quantity. Thus, creating a relationship between input and output

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A firm has current liabilities of $500, a current ratio of 1.5, and a quick ratio of 1.1. calculate the level of inventory for t
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To solve this:

Get first the Current Assets this solved by multiplying the current liabilities to the current ratio.

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Then get the inventory level by multiplying the current asset to the product of the current liabilities and quick ratio.

Inventory level = $750 (500 x 1.1) = $412,500

4 0
3 years ago
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Answer:

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Since the buyer paid before the ten days period they will get a 2% discount. The total cash received by Banks Company was $35,000 x 98% = $34,300

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