Answer:
$116.28
Explanation:
This can be calculated as follows:
Mark up = [1 ÷ (1 - Lerner index)]
Price = Mark-up × Marginal cost
= [1 ÷ (1 - 0.57)] × $50
Price = [1 ÷ 0.43] × $50 = $116.28
Therefore, the price this firm will charge its customers is $116.28.
Answer:
Theory of comparative advantage states that a country has a comparative in a production of certain commodities if the opportunity cost of producing these commodities is lower than the other countries.
Here, it is given that country A is a efficient producer of tin and there are some difficulties in producing corn. So, country A have to concentrate on the production of Tin and purchase the corn from any other efficient producer.
Answer:
The correct answer is B
Explanation:
The Bill of Rights is the one which guarantees the liberties as well as the civil rights to the individual such as the religion, press and freedom of speech.
It states the rules for the procedure which is due for the law and also reserves all the powers not delegated to the Federal Government to the States or the people.
Therefore, the one where all the rights limit the federal government.