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WINSTONCH [101]
3 years ago
12

If the world price for good A is above the domestic price for good A without trade, then producer surplus will ________ and tota

l economic surplus will _______ with trade.
a) increase; increase
b) increase; decrease
c) decrease; increase
d) decrease; decrease
Business
1 answer:
goblinko [34]3 years ago
6 0

Answer:

The correct answer is letter "B": increase; decrease.

Explanation:

Producer surplus is the difference between the price at which the manufacturer actually sells a product and the minimum price the manufacturer would have accepted. The surplus results from the producer being able to sell their goods at a market price higher than their minimum price.  

So, <em>if producer A manufactures a product that is being sold at a higher price level abroad, its producer surplus will </em><u><em>increase</em></u><em>. However, the overall economic surplus with trade will </em><u><em>decrease</em></u><em> since the introduction to producer A to the market will allow consumers to purchase the goods at a lower price</em>.

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Answer:

time t = 28.72 years

Explanation:

given data

Present Value =  $21,500

Interest Rate =  11%

Future Value = $430,258

solution

we will apply here future value formula to find out time period that is express as

future value = present value × (1+r)^{t}   .....................1

put here value and we will get

$430,258 = $21,500  × (1+0.11)^{t}

20.012 =  (1.11)^{t}

take ln both side

ln (20.012) = t × ln(1.11)

t = \frac{2.9963}{0.1043}  

time t = 28.72 years

5 0
3 years ago
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Answer:

A) Dr Supplies Expense $2,600

Cr Supplies $ 2,600

Explanation:

The supplies account had an opening balance of $ 2400. Purchases were made of $ 3000 so the total debit balance was $ 5400. The year end showed a debit balance of $ 2800.

So  $ 5400- $ 2800= $ 2600 Supplies were used and credited .

An expense account would be used to show this so

Supplies Expense is debited with $ 2600 and

Supplies Account is credited with $ 2600 showing a net debit balance of $ 2800 at the end of the year.

4 0
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Irina18 [472]

Answer:

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Explanation:

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Answer:

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Answer:

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Explanation:

Please see attachment

4 0
3 years ago
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