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Anika [276]
2 years ago
5

Quota in a small country Suppose a small country imposes a quota that reduces imports of a good by 50 units and raises the price

by $5. Assuming linear supply and demand curves, the net welfare loss is_________.
A. $250.
B. $125.
C. $0.
D. -$125.
Business
2 answers:
jolli1 [7]2 years ago
5 0

Answer:

$125 ( B )

Explanation:

The net welfare loss assuming linear supply and demand curves would be calculated as

= (reduction in imports * increase in prices) / 2

= (50 * $5) / 2

= $250 / 2 = $125

The import quotas are trade restrictions that tends to limit the number or percentage of goods and service that can be imported into a country by importers. this trade restrictions are usually made in order to encourage local manufacturers producing similar goods that are been imported

Aleksandr-060686 [28]2 years ago
3 0

Answer:

<em>The net welfare loss is $250</em>

Explanation:

<em>The Quota of a country imposes  the  importation of goods for business men or traders. if at any selling price from the example given that, if the system reduces imports  by 50 units, therefore, lets assume  linear supply and demand curves as follows,</em>

<em>quota of imports of good multiply by the price been raised 5$= 250$ is the net welfare loss.</em>

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For the year, Redder Company has cost of goods manufactured of $600,000, beginning finished goods inventory of $200,000, and end
nevsk [136]

Answer:

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manufactured cost= $600,000

cost of good= beginning inventory+purchase during period cost- ending inventory

$600,000+$200,000-$250,000

$550,000

7 0
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If the​ ABC, NBC, and CBS television networks were to create a separate entity called BBB Media to develop and market online ori
ladessa [460]

Answer:

The correct answer to the following question will be "Consolidation".

Explanation:

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Therefore, Consolidation is the right answer.

7 0
2 years ago
Nike decides to invest $60,000,000 into a shoe factory in Vietnam. What is the opportunity cost in this situation
Sergeu [11.5K]

Based on the payoff of the other investment alternatives, Nike's opportunity cost is<u> $600,000.</u>

<h3>What is Opportunity Cost?</h3>
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The next best investment was the $600,000 Nike was making per year on its money market account which makes this amount the opportunity cost of investing in Vietnam.

Find out more on opportunity cost at brainly.com/question/1549591.

3 0
2 years ago
Aaron, Inc. estimates direct labor costs and manufacturing overhead costs for the coming year to be $760,000 and $520,000, respe
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Answer:

the Predetermined overhead rate is $95 per machine hour

Explanation:

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8 0
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Answer:

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