Which options are SmartArt categories? Check all that apply.

"Only one firm produces and sells soccer balls in the country of Wiknam, and as the story begins, international trade in soccer

sweet-ann [11.9K]

Answer:

Explanation:

a) since MR=MC, then 15-2Q=3+Q. So, the monopolist produce Q=4

price P=15-Q=10-4=6

profit=6*3-TC=18-(3+4+0.5*4^2)=3

b)since the P=6=6, domestic production will stay the same. The domestic consumption will stay the same. For Wilknam, it will import soccer balls.

c)yes, it holds that Wiknam will be an importer. Because the price for domestic production is 6 which is same as the world price 6.

d)Since the price within country is the same with price out of country, and also, MC=3+Q=7>6, Wiknam will import soccer balls. The monopolist market will become a competitive market.Even though the price won't change,the product will be of high quality and so on. The market will become more equilibrium.

7 0

3 years ago

1. Hiram and Adasha both make meatloaf and bake bread. It takes Hiram three hours to bake six loaves of bread and two hours to m

mote1985 [20]

Explanation:

Help me answer this question please

8 0

2 years ago

$80,000 in raw materials were purchased on account. $78,000 in raw materials were used in production. Of this amount, $68,000 wa

Thepotemich [5.8K]

Answer:

Explanation:

The journal entries are shown below:

1. Raw material A/c Dr $78,000

To Accounts payable A/c $78,000

(Being raw material purchased)

2. Work in progress A/c Dr $68,000

Manufacturing overhead A/c Dr $10,000

To Raw material A/c $78,000

(Being raw material allocated)

3. Labor wages A/c Dr $126,500

To Cash A/c $126,500

(Being labor wages are paid in cash)

4. Work in progress A/c Dr $104,200

Manufacturing overhead A/c Dr $22,300

To Labor wages payable A/c $126,500

(Being labor wages are allocated)

5. Depreciation A/c $194,000

To Factory Equipment $194,000

(Being depreciation is charged on factory equipment)

6 0

3 years ago

As users rely more heavily on information systems to perform their jobs, they are likely to request even more it services and su

Grace [21]

It’s true sure

Activities performed by people firms or government agencies to satisfy economic wants

The answer is ( a. True )

I hope that the answer is correct ☺️

7 0

3 years ago

A progressive income tax, which is a tax where the marginal tax rate increases as income rises, was passed under which president

Firlakuza [10]

Answer: C. Franklin D. Roosevelt.

Explanation:He is the president of the United States of America between(January, 1882 to April 1945),he is the 32nd president who signed into law the progressive income tax. Progressive income tax ensures that as a person or a business entity,your tax will increase in proportion to your income. Many persons have come to accept this system as a fair system ensuring that low income earners are protected by the tax system.

8 0

4 years ago