Answer:
The overview of the given situation is described in the explanation section below.
Explanation:
(1)...
The actual exchange rate from either the viewpoint of U.S:
= 0.867
<u>Working:</u>
As per the British automobiles cost will be:
= £20,000 x $1.50/£ or $30,000
And the US car's cost compares to either the Uk car will be:
=
=
It demonstrates that the US car seems to be cheaper or affordable.
(2)...
From either the Uk view the actual exchange rate will be:
= 1.154
<u>Working: </u>
US automobile worth in pounds is equivalent to,
=
= £17,333.
The Uk vehicle's price compared to the US car currently amounts to,
=
=
(3)...
Cars or Automobiles are competitively priced in the US.
<u>Explanation:</u>
British vehicle exceeds,
=
= compared to the U.S car.
It also means that perhaps the British car is much more costly, and as such the U.S. car becomes valued more highly competitive.
This year on the first Saturday of December, falling on December 4 this year
Answer:
b. 10,000.
Explanation:
The number of units completed in April is given by the number of units on April 1st (3,000) added to the number of units started during April (11,000) minus the number of units still in production on April 30th (4,000):
10,000 units were completed during April.
If a shopkeeper starts to sell the new football, their weekly margins would be:
300 x 40 = $12,000
However, the sales of the lower cost footballs will decrease by:
100 x 20 = $2,000 every week
Hence, the total margin we can generate by selling every week by selling the new footballs is:
12,000-2,000 = $10,000
This means the shopkeeper should actually start selling new footballs since their shop will become more profitable
<span>The price floor of $6 per pound of cheese reduces the total revenue of cheese producers. TRUE</span>