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BigorU [14]
2 years ago
11

Suppose that the world price of resins is $100 per ton. Now suppose that the United States imposes a 10% tariff on imported resi

ns. What is the U.S. domestic price of resins after the 10% tariff is imposed (rounded to the nearest dollar) if exporters bear half of the tariff?
Business
1 answer:
Sliva [168]2 years ago
7 0

Answer:

$ 105 per ton

Explanation:

If the ton is worth $ 100 with a tariff of 10%, duties will be $ 10 per ton. However, if 50% of this amount is paid by exporter, duties equal $ 5 per ton. Therefore, domestic price =

<em>$ 100 + $ 5 = $ 105</em>

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Salvia Company recently purchased a truck. The price negotiated with the dealer was $42,500. Salvia also paid sales tax of $2,50
LenaWriter [7]

Answer:

$48,500

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Sales tax on the purchase $2,500

shipping and preparation costs $3,500

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8 0
3 years ago
Read 2 more answers
ABC Company sells 300 machines for $5000 each in the current year. Each machine carries a one-year warranty. Experience from the
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Answer:

the journal entry to record warranty expense is:

Dr Warranty expense 30,000

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Depending on what type of costs are incurred by the company, the account credited will vary, e.g. if units are replaced, then inventory must be credited, or if units are repaired and only labor is used, then wages payable or cash should be credited. Since the question doesn't give us a lot of details, I credited cash.

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3 years ago
Diminishing returns are a reason that fixed costs remain constant. the marginal cost curve is upward sloping. the average fixed
Molodets [167]

Answer:

the marginal cost curve is upward sloping.

Explanation:

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This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.

Basically, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.

For example, buying a candy stick and eating it may satisfy your cravings but eating another one (an additional or extra unit) wouldn't give you as much satisfaction as the first due to diminishing marginal utility.

In Economics, the law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.

Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity. A marginal cost curve is upward sloping because of the law of diminishing returns.

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3 years ago
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quester [9]
D is the answer I am pretty sure
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3 years ago
If government spending occurs, there will be a(n) _______ of private-sector investors, described as a(n) _______ of that spendin
MrRa [10]

If government spending occurs, there will be a(n)crowding out of private-sector investors, described as a(n) opportunity cost of that spending.

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Read more on government spending here:

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3 0
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