Answer:
$16,650
Explanation:
The computation for the market value of one contract is shown below:
= Size of the contract × current quoted price
where,
The Size of the contract is 50,000 lbs
and, the current quoted price is 0.333
So, the market value of one contract
= 50,000 lbs × 33.3 ÷ 100
= $16,650
hence, the market value of one contract is $16,650
Answer:
.a. import sweaters from Britain and export machinery to Britain.
Explanation:
A lower opportunity cost of manufacturing a particular goods means that a country uses fewer inputs in production compared to other nations. The country can produce more quantities of the product using similar factors of production. A lower opportunity cost in manufacturing will make a country's output cheaper compared to when that product is manufactured in other nations.
Varying production costs form the basis of international trade. A County imports commodities that are produced cheaply elsewhere and exports the goods it can manufacture at a lower cost. The united states can produce machinery at a lower cost than Britain. Britain will be prudent to import machinery from the united states rather than produce. Britain produces sweaters using fewer inputs that the US. The US will find importing sweaters from Britain more economical compared to manufacturing.
Answer:
d. All of the above
Explanation:
Based on the information provided within the question when doing research all of the answers provided are correct. Any field doing research should follow the scientific method, but Economists cannot use the same experiments as other fields because they have to use the data that the world happens to give them and do not have the ability to make control groups and test different variables on the economy like experiments in the field of Physics and Chemistry can.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
The deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.
The Deadweight loss refers to loss that occurs when supply and demand are not in equilibrium and thus, result in market inefficiency.
Usually, the value of the deadweight loss varies with the demand elasticity and supply elasticity.
So, when the demand or supply is inelastic, the deadweight loss of the taxation will be smaller because the quantity bought or sold varies less with price.
Therefore, the answer is B. because the deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.
Learn more about this here
<em>brainly.com/question/13719669</em>
If the supply of cell phones increases, the price of cell phones will reduce and the quantity of cell phones would increase.
<h3>What is the impact of an increase in the price of cell phones?</h3>
When the market of a good is in equilibrium and the supply for a good increases, the supply curve would shift to the right while the demand curve remains unchanged.
At the new equilibrium of the supply curve and the demand curve, price would be lower and quantity would be higher.
To learn more about an increase in supply, please check: brainly.com/question/14727864
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