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3 years ago

Which of these increases the price of certain foreign-made goods?

Business

2 answers:

nexus9112 [7]3 years ago

7 0

An import tariff would increase the price of certain foreign-made goods.

Juli2301 [7.4K]3 years ago

5 0

Answer:

An import tariff

Explanation:

Literally, import tariffs (or customs duties) are taxed paid on imports of goods and/or services. Import tariffs is a kind of tax pressed on import of goods and services from foreign nation in order to shoot up the price of the imported goods. The import tariffs are imposed by the government for some of the reasons listed below:

To make imports less desirable and to minimize the reliance on foreign products
To shield newly domestic set ups from foreign competition and also to shield the aging and inefficient ones from foreign competition.

The bold "shoot up the price of the imported goods" means to increase the price of imported goods describes one of the reasons of an import tariff.

Hence, we can conclude that an import tariff increased the price of certain foreign-made goods.

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Turtle Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sel

hichkok12 [17]

Answer:

Operating income variance= $10,000

The increase in advertising will have a positive effect on operating income.

Explanation:

Giving the following information:

Per Unit Percent of Sales Selling price $ 150 100 % Variable expenses 60 40 % Contribution margin $ 90 60 % The company is currently selling 7,000 units per month. Fixed expenses are $209,000 per month. The marketing manager believes that a $7,100 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales.

Price= $150

Contribution margin= $90

Operating income variance= (contribution margin* units) - increase in costs

Operating income variance= (190*90)- 7100= $10,000

The increase in advertising will have a positive effect on operating income.

5 0

4 years ago

Which of the following scenarios will shift the investment demand curve right? Instructions: You may select more than one answer

svet-max [94.6K]

Answer:

Any exogenous variable that leads to an increase in investment shifts the investment demand curve to the right.

Exogenous variables are all economic variables other than the real interest rate, which is endogenous to the model.

Hence, the following answers are correct:

Expected return on capital increases - this would incentivize firms to invest more because now the expect to earn higher profits on those investments.
Firms are planning on increasing their inventories - buying inventory is a form of investment because inventories are assets, and economic profit is expected from them. This will shift the curve to the right as well.

3 0

3 years ago

If airlines do not change their prices how else might they try to compete with each other?

WARRIOR [948]

<h3>Hello there!</h3>

Your question asks how airlines compete with each other if they don't change their prices.

<h3>Answer: By giving the customers better service.</h3>

If an airline company doesn't want to change their prices for a flight, but still want to compete with other airlines, then they would try to compete by providing more and better services to the customers.

When an airline competes with providing better services, it attracts customers to choose them because customers could feel more comfortable on their flight.

Airlines can compete by providing:

Wi-Fi
More space
Entertainment
Food

Airlines now a days are starting to provide Wi-Fi services to its customers in the aircraft. Since we live in a world that needs Wi-Fi for electronical things, airlines are providing Wi-Fi in order to have people choose their airline for their flight. Providing Wi-Fi to its customers will not only bring in more customers, but can keep people busy on the flight, having no disruptions since people would be focused on their personal stuff on their laptop/phone/etc.

Airlines are also competing by providing more space in their cabin. People that go on flights feel very cramped in their seat; having little leg room between their legs and the seat in front of them. Airlines are making more leg room and space for the customers in order for them to enjoy the flight. This is luring in customers because customers want to feel comfortable, and space is the main thing that customers want in their flights.

Airlines are also competing by providing entertainment. The entertainment part of an aircraft is in the little screen that would be in front of the customer, behind the seat in front of them. This entertainment service would entertain people on their flights. This entertainment service could provide movies, world map, and etc. Flights are boring, and so airlines are trying to make the flights more entertaining.

Airlines are also competing by providing better food. Who doesn't get hungry on the plane? If airlines are giving terrible food, why would someone want to choose that airline again? Airlines are providing better food in order for customers to choose them as their airline. Food is a major thing that lures people into different airlines. This is something that airlines are trying to improve all the time.

To sum it all up, these are just some of the ways airlines compete with each other, without having to change the price of their flights.

<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>

5 0

4 years ago

Buffalo Company purchased a machine on July 1, 2018, for $29120. Buffalo paid $208 in title fees and county property tax of $130

lidiya [134]

Answer:

Depreciation base = $27352

Explanation:

The depreciation base is the term used to refer to the value of the asset that qualifies for depreciation. This is generally the cost of the asset less any amount for salvage value or residual value of the asset.

Depreciation base = Cost - Salvage value

We first need to determine the cost of the machine. The cost of the machine will include the purchase price of the machine plus any cost incurred to bring the machine into the condition and place of its intended use.

Thus, the cost of the machine will be,

<u>Machine Cost</u>

Purchase price 29120

Title fees 208

Property tax 130

Shipping charges 520

Site preparation cost <u>494 </u>

total cost 30472

Depreciation base = 30472 - 3120

Depreciation base = $27352

8 0

3 years ago

Horatio can produce either a combination of 15 bird houses and 25 wind chimes or a combination of 30 bird houses and 15 wind chi

romanna [79]

Answer:

So 10 wind crimes has an opportunity cost 15 bird houses

or 1.5 per unit.

Explanation:

The opportunity cost is the cost of the goods it could been produced instead of the current output.

For the 10 wind chimes it will be the decreases in the birdhours production.

When Horatio moves to 25 from 15 wind chimes his bird house production fall to 15 from 30 Therefore, it decreases by 15

So 10 wind crimes has an opportunity cost 15 bird houses

we can do this metric by unit:

15/10 = 1.5 each additional wind chimes cost 1.5 bird house.

4 0

3 years ago