Answer:
Equilibrium price = $6
Total quantity in the market would be > 400 units ( unchanged )
Explanation:
Applying small=country model
world price of product = $6
import quota = 400 units
The Equilibrium price in Marketopia would be $6 and the total quantity available in Marketopia would > 400 units
This is because in a small country assumption model, the total imports made by any country is insignificant to the Total quantity of the products available in the market therefore it has no effect on the price of the products even if when the imports are stopped by the country
Answer:
C) The threat of new entrants.
Explanation:
Porter's Five Forces: It's an analysis helpful for the industries to get the understanding of the loopholes and their weaknesses. Porter suggested that anytime a company goes down, there would be one force involved among the following five forces.
- Threat of new entrants.
- Bargaining power of buyers.
- Threat of substitutes.
- Rivalry among existing competitors.
- Bargaining power of suppliers.
In our case:
- Threat of new entrants force is involved: There is always a threat to the existing companies of the new company entering the market. Some companies doesn't take them seriously and ends up getting damaged. And, as the Goldman suggests that new supplies of the rooms in coming years will hurt the existing companies. So they must act on this information and make a decision to change the event for their own better.
Yes I don’t know I’m tired
Answer:
Net Income will be overstated
Explanation:
The journal entry for salaries payable is
Salaries Expense Dr.
To Cash A/C
(Being salaries paid recorded)
Salaries expense is charged to net income and the journal entry is
Net Income Dr.
To Salaries Payable
Salaries expense reduces net income as it being a deductible expenditure for a corporate.
In the given case, salary expense has been accounted as a product cost. This would reduce the expenses and thus would overstate the net income.
Answer: perceived relationship
Explanation:
An agent is referred to as someone who is given authority by the principal and acts in his or her behalf and the agent is also under the control of such person.
From the question, the principal is Bob while Betty is his agent. The relationship that exist in thus case is the perceived relationship which means that the third party that us, the tenants in thus case believe that an agent is authorised by the principal to do a particular work such as collection of rent in this case but in reality thus doesn't exist. They ate not meant to pay to the manager in this case but they acted based on their perception and since the principal didn't complain, they continued doing it.
