Answer:
The answer is: $0
Explanation:
Producer surplus is the difference between the maximum price a suppler is willing and able to sell its product and the price of the product.
SoHee was willing to sell her car for at least $1,500, but she wasn't able to do so since the fair market price is $1,200. So, producer surplus is $0.
Answer:
Eh easy aall you have to do is pay 4,305 dolllars
Explanation:
a. offshoring-------a brazilian clothing company opens a factory in indonesia to take advantage of lower labor costs.
Offshoring, the act of outsourcing tasks abroad, for the most part by organizations from industrialized nations to less-created nations, with the aim of diminishing the cost of working together. Boss among the particular explanations behind finding tasks outside an organization's nation of origin are bring down work costs, more tolerant ecological controls, less stringent work directions, ideal duty conditions, and vicinity to crude materials.
b. outsourcing------a u.s. clothing company buys shirts and pants from a clothing manufacturer in turkey.
Outsourcing is the business practice with regards to hiring a party outside an organization to perform benefits and make merchandise that generally were performed in-house by the organization's own representatives and staff. Normally done as a cost-cutting measure, it can influence employments going from client support to assembling to the back office.
c. insourcing-------a mexican clothing company opens a textile mill in the united states where it sells most of its products.
Insourcing is the initiation of playing out a business work that could be contracted out internally: either with the assistance of an outsider supplier who plays out the undertaking nearby, or by leading said errand independently. Very frequently it is viewed as inverse of outsourcing. Insourcing is a business choice that is frequently made to keep up control of basic creation or abilities. Insourcing is broadly utilized underway to lessen expenses of duties, work and transportation.
Answer:
a. greater variety and lower prices
Explanation:
Due to the comparative advantages, countries can produce the product that they have proficiency. For example, if there are 2 countries, A and B. A have a skill of producing tasty wine, they can produce better quality of wine than B with the lower cost. When the trade barriers are reduced, the wine from A will be sold in B, the customer will have more choices of wine in the market and the price will relatively less different comparing to the price when the high barriers exist.
Innovative is a characteristic of the OLIGOPOLY MARKET STRUCTURE. Oligopoly market structure is one that is characterized by a small number of large firms that dominate the market and which sell products that are either similar or different. There is a high barrier to entry into the market. Oligopolist industries are very innovative; they used their innovations to promote technological advancement and economic growth.
