<u>Solution and Explanation:</u>
The given data:
Tariff on goods = $5
Change of price = from $20 to $18
Import falls from 100 units to 60 units
As per the given data, the terms of trade can be calculated as follows:
Terms of trade gain = 
= 
= 120
Therefore, the terms of trade gain is $120
The efficiency loss is calculated as follows:
= 60
Therefore, efficiency loss = $60
Answer:
if there is an increase to sales even if fixed expenses are also increased.
Explanation:
In simple words, fixed cost refers to the expenditures, that unlike variable expenses, remain stable at a high level. Factory or office rent , labor charges are some of the prime examples of fixed expenses.
Due to fixed expenses, entities operating at higher level makes higher profit. Hence, if the fixed expenses also increase with sales then the project might not be very profitable to accept.
Answer:
A. costs incurred prior to the split-off point when producing products that appear simultaneously.
Explanation:
Joint costs are costs incurred prior to the split-off point when producing products that appear simultaneously.
In cost and manufacturing accounting, a joint cost is a cost incurred in a joint process or during a joint production of more than one output and may include direct material, direct labor, and overhead costs incurred before the split-off point.
Answer:
true
Explanation:
Explanation: because it is.
