1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svetoff [14.1K]
3 years ago
12

Consider the market for widgets. Widgets can be produced in the United States or abroad. Assume that U.S. consumers wish to buy

the least expensive widgets possible. However, if widgets from all countries cost the same, consumers would prefer to buy domestically. Price Quantity Demanded Quantity Supplied Domestically Quantity Supplied by Importers If Trade Is Allowed $6 13,000 2,000 8,000 $7 12,000 4,000 8,000 $8 11,000 6,000 8,000 $9 10,000 8,000 8,000 $10 9,000 9,000 8,000 $11 8,000 10,000 8,000 If there is no international trade allowed in the market, what price would we expect?
Business
1 answer:
Tomtit [17]3 years ago
6 0

Answer:

$10

Explanation:

Price    Q Demanded      Q Supplied Domestically    Q Supplied by Importers  $6              13,000                        2,000                                        8,000

$7               12,000                       4,000                                        8,000

$8               11,000                        6,000                                        8,000

$9               10,000                       8,000                                        8,000

<u>$10              9,000         =             9,000 </u><u>  </u>                                     8,000

$11               8,000                       10,000                                        8,000

If there is no international trade allowed, then we should look for the price at which the quantity demanded is equal to the quantity supplied by domestic producers. At $10 per widget, the total quantity demanded is 9,000 units and the total quantity supplied by domestic producers is 9,000 units.

You might be interested in
________ are hired as needed and are not part of the organization's permanent workforce. select one:
Brrunno [24]
C. Independent contractors
5 0
3 years ago
What are some of the key environmental forces that have changed the way projects are managed? What has been the effect of these
Evgesh-ka [11]

Answer: The answer is given below

Explanation:

• What are some of the key environmental forces that have changed the way projects are managed?

Some environmental forces which have

altered the way that projects are managed are the knowledge growth, product life cycle, technological changes, global competition, organization downsizing, and time to market.

• What has been the effect of these forces on the management of projects?

The effect of these forces on the management projects is that it resulted in more projects for every organization, it also resulted in changing structures of organization, accountability, the need for rapid completion of projects, the linking of projects to the strategies of the organization and the alliance with the external organizations.

• Why is the implementation of projects important to strategic planning and the project manager?

Strategic plans are typically implemented through projects. This could be through a new information system, a new product, or new plant for new product. It should be noted that the project manager is responsible for the timely completion of the project within the budget, and also within specifications in order for the customers to be satisfied. In cases whereby the project is not being linked to a organization's strategic plan, the resources that are being devoted to the project will result into wastage.

• What is meant by an integrative approach to project management? Why is this approach important in today?

An integrative approach to project management simply refers to one whereby there are interrelationships between all the parts. It should be noted that the approach is vital as an organization that utilizes it has a competitive edge and also provides an integrated system that is required for project implementation.

3 0
3 years ago
Mihee's old job was to answer phones in a call center. Her job was redesigned, and now she also does customer surveys. This is a
dimulka [17.4K]

Answer:

Job Enlargement

hope dis helps ^-^

7 0
3 years ago
Name and explain money notes<br>​
Alborosie

Answer:

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.[1][2][3] The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.[4][5] Any item or verifiable record that fulfils these functions can be considered as money.

6 0
2 years ago
What is one downside to competition in a free-enterprise system?
Anastasy [175]
You can make monopolies. You don't have to lower your prices because nobody is offering lower prices. You can sell bad stuff for high prices. But monopolies do tend to disappear.
6 0
3 years ago
Read 2 more answers
Other questions:
  • Having a good credit score is important because
    11·1 answer
  • Extra (unbudgeted) income left at the end of the month should be
    6·1 answer
  • As a financial analyst, you are tasked with evaluating a capital budgeting project. You were instructed to use the IRR method an
    13·1 answer
  • The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and
    15·1 answer
  • results from the lessening of trade barriers and the increased flow of goods and services, capital, labor, and technology around
    5·1 answer
  • Which of the following is not a component included in a standard business plan?
    10·2 answers
  • The central bank requires Southern to hold 10% of deposits as reserves. Southern Bank's policy prohibits it from holding excess
    14·1 answer
  • Martin Company currently produces and sells 35,000 units of product at a selling price of $13. The product has variable costs of
    10·1 answer
  • Instructions:wikarambulan is a sound like game. by saying\pronouncing and connecting the word, reveal the elements and factors o
    8·1 answer
  • In the long run, the competitive firm's supply curve is the a. entire marginal-cost curve. b. portion of the marginal-cost curve
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!