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3 years ago

When countries trade, their consumers have access to

Business

2 answers:

Sunny_sXe [5.5K]3 years ago

6 0

Answer:

When countries trade, their consumers have access to "more" goods at cheaper prices, workers will produce "more" goods for export, and countries will become "interdependent."

Explanation:

Plato

irakobra [83]3 years ago

4 0

Answer:When countries trade, their consumers have access to raw goods at cheaper prices, workers will produce better goods for export, and countries will become Richer..

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an industry is comprised of 20 firms, each with an equal market share, what is the four firm concentration ratio of this industr

marta [7]

Answer:

4-Firm Concentration ratio = 20%

Explanation:

Each firm has equal share

That means 100% share of the industry is divided equally among the 20 firm

Share of 1 firm = 100/20 = 5%

4-Firm Concentration ratio = Share of 1 firm * Number of firm

4-Firm Concentration ratio = 0.05 * 4

4-Firm Concentration ratio = 0.2

4-Firm Concentration ratio = 20%

3 0

3 years ago

If short-run marginal cost and average variable cost curves for a competitive firm are given by SMC = 2 + 4Q, and AVC = 2 + 2Q,

sukhopar [10]

Answer:

units of output = 2 units

fixed cost = 8

Explanation:

given data

SMC = 2 + 4Q

AVC = 2 + 2Q

to find out

how many units of output will it produce at a market price and what level of fixed cost will this firm earn zero economic profit

solution

we know here that under perfect competition

so at the equilibrium here Price (P) will be = MC

P = MC = 10

and

SMC = 2 + 4Q ,

P = 2 + 4Q

10 = 2 + 4Q

Q = 2 units

and

at zero economic profit we get

TR = TC

TR = P × Q

TR = 10 × 2

TR = 20

TC = TFC + TVC

20 = TFC + 12

TFC = 8

because here [ TVC = AVC × Q ]

[ TVC = (2 + 2 × 2) × 2 ]

[ TVC = 12 ]

8 0

4 years ago

Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours

marysya [2.9K]

Answer:

See below

Explanation:

1. Predetermined overhead rate

= Total fixed overhead cost for the year / Budgeted standard direct labor hour

Predetermined overhead rate = $530,400 / 68,000

Predetermined overhead rate

= $7.8 per direct labor hour

2. i. Fixed overhead budget variance

= Actual fixed overhead - Budgeted fixed overhead

= $521,000 - $530,400

= $9,400 favourable

ii Fixed overhead volume variance

= Budgeter fixed overhead - Fixed overhead applied to work in process

= $530,400 - (66,000 × $7.8)

= $530,000 - $514,800

= $15,200 unfavorable

3 0

3 years ago

1. Kwan's annual premium is $1,284.00. He has the choice of paying semi-annually for a $1.00 fee or quarterly for a $2.00 fee. W

oee [108]

I’m not sure but I’ll try to solve it right now for you so just give me some time

8 0

3 years ago

On august 1, harvey company offered to pay $13,000 for equipment that was advertised as being sold for $19,000 by carrone compan

Fynjy0 [20]

Answer: Harvey company will record the equipment at $14,700 is its books.

We usually record equipment at the actual price at which it was bought. Even though Harry company was willing to pay only $13,000, it actually went ahead and paid $14,700 to purchase the equipment.

We don’t consider the retail price here, since Harvey company did not buy the equipment from the retail market.

In the advertisement, Carrey Company probably put a value of $19,000 (by considering the retail rate) to see the market response to buy the at that price. So, we don’t consider that either.

4 0

3 years ago