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Tasya [4]
3 years ago
8

The export supply curve is the portion of the domestic supply curve below the no-trade equilibrium price. True or false

Business
1 answer:
german3 years ago
8 0
That statement is False

Even though is true that export supply is a portion of the domestic supply, but the moment there's an export of products,  the curve will curve above the no-trade equilibrium price ( which only stated the equilibrium price when there's no international trade) 
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Employers prefer to review a___ resume when the history is the most important consideration. A) targeted b) combination c) chron
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The answer is C: chronological (because it pertains to an order and can involve history. 
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3 years ago
A firm sells a product in a perfectly competitive market. The marginal cost of the product at the current output level of 500 un
amid [387]

Answer:

The correct answer is the third statement which says to maximize profits, the firm should produce less than 500 units.

Explanation:

The quantity of output produced is 500 units.

The marginal cost of producing 500 units is $1.50.

The minimum average variable cost is $1.

The price of the product is $1.25.  

The firm will be at equilibrium when the price is equal to marginal cost. To maximize profits firm should decrease output to the extent that marginal cost comes to $1.25. At that point, the firm will earn profits as average variable cost is lower than the price.

3 0
3 years ago
At Midland Company's break-even point of 9,000 units, fixed costs are $180,000 and variable costs are $540,000 in total. The uni
amid [387]

Answer: $80

Explanation:

Since the fixed costs are $180,000 and variable costs are $540,000, then the total cost will be:

= Fixed cost + Variable cost

= $180000 + 540000

= $720000

Since there are 9000 units, then the unit sales price will be:

= $720000 / 9000

= $80

The unit sales price is $80

7 0
3 years ago
When they first started to conduct business, international ride-sharing companies such as Uber or Lyft relied on new, unfamiliar
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Ride sharing is transformational innovation, according to the innovation matrix.

Uber and Lyft use transformational innovation

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To learn more about transformational innovation, refer to-

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5 0
2 years ago
As jamal's income rises, his demand for pizza does not change. it follows that, for jamal, pizza is a(n)
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<span>The pizza is a neutral good. A neutral good is a good whose demand is not changed even though the income provided by the good is changed. A person's income can go either up or down, but their desire to buy more or less of Jamal's pizza will not change, so pizza sales will not go up or down. Demand and income are not tied to each other.</span>
8 0
3 years ago
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