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Sauron [17]
3 years ago
5

The before-trade domestic price of tomatoes in the United States is $500 per ton. The world price of tomatoes is $400 per ton. T

he U.S. is a price-taker in the tomatoes market.
If trade in tomatoes is allowed, the United States:______
a) will experience increases in both consumer surplus and producer surplus.
b) may become either an importer or an exporter of tomatoes, but this cannot be determined.
c) will become an exporter of tomatoes.
d) will become an importer of tomatoes.
Business
1 answer:
castortr0y [4]3 years ago
4 0

Answer:

d) will become an importer of tomatoes.

Explanation:

Consumer surplus would increase because the price at which they buy tomatoes would reduce while producer surplus would reduce because the price of tomatoes would reduce as a result of international trade.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.Because the price of tomatoes in the US is greater than the price of tomatoes in the world, when the US begins international trade, it would import tomatoes because it is inefficient in the production of tomatoes.  

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

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Which one of the following represents the expanded basic accounting equation?
DaniilM [7]

Answer:

Option B.

Explanation:

Basic accounting equation is

Assets = Liabilities + Equity

where,

Equity = Capital + Retained earnings

Retained earnings = Revenue - Expenses - Dividend

On combining these formula, we get

Assets = Liabilities + Capital + Revenue - Expenses - Dividend

It can be rewritten as

Assets + Dividend + Expenses = Liabilities + Capital + Revenue

Assets + Dividends + Expenses = Liabilities + Common stock + Retained Earnings + Revenues

Therefore, the correct option is B.

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4 years ago
During its first year of operations, a company that incurred $1,900 in production costs reported cost of goods sold of $1,000 an
vekshin1

Answer:

True

Explanation:

Considering the date provided in the question, Production costs - cost of goods sold = Ending Inventory.

So $ 1900 (production costs) - $ 1000 (cost of goods sold) = $ 900. Ending Inventory.

This would involve adjustments for changes in work in process balances if the  information was provided.

The selling expenses are not part of manufacturing costs are thus not considered in the answer

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Question 8
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8 0
3 years ago
George has been asked to prepare a presentation documenting customer reaction to his company's recently released hand-held gps d
DENIUS [597]

Answer:

The correct answer would be option A, Conduct primary research for firsthand information.

Explanation:

As George is asked to make a presentation documenting about the customers' reaction about the company's recent release of hand held GPS device. His company launched the GPS hand held devices and now the company wants to know the customers' feedback. So the best method is to conduct a primary research. Primary Research will include collecting the data about the likeness or dis likeness of the GPS devices directly from the customers who are using it. This would serve as the firsthand information and it should be included in the presentation that George is preparing.

7 0
4 years ago
Beyond Space Aeronautics is developing a profit-sharing plan. Ben, the human resource manager, assumes the employees are excited
Nonamiya [84]

Answer:

The answer is D. Understanding that pay is not everything that employees are after and that there are several other means to keep them motivated.

Explanation:

Now lets take a closer look at it.

Option A is not going to work. Shutting down the basic communication system will render the organization members unable to cooperate with each other during their work and will make the matters even worse!

Option B is ridiculous. You remove employees just because you are suspicious of them to spread rumors? This will start other employees to doubt their own job security!

Option C is not going to work. You can tell them that rumors are against the company policy, but will they stop it just because of it?

Option E is somewhat acceptable. yet comparing with the option D, its not that much suitable. If the employees are already in doubt, it is unlikely that this option will work.

So, if option D is working, what are the non financial incentive that we can use to motivate our employees?

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  2. Job Rotation: Employees get bored if they do the same work for a long period of time, changing the nature of the job they do is a good option in this case.
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  5. Give your employees more autonomy and freedom
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