1) If the economy is the closed equilibrium price and the amount is decided wherein the domestic demand and deliver curve intersects. here equilibrium price is Pa and the amount is X.
2) If the economic system is open to exchange equilibrium rate is a computer and the equilibrium amount is Z.
3) With unfastened change output produced via home producers is O-V. And by foreign manufacturers is Z-V.
4) With in keeping with the unit tariff charge is Pt and the whole quantity bought is Y.
5) With consistent with unit tariff quantities offered by using overseas producers is Y-W and through domestic manufacturers is O-W.
6) Per unit sales after tariff received via foreign producers is a computer and by using home producers is Pt.
7) General quantity of tariff sales = consistent with unit tariff × amount imported.
= (Pt - computer) × (y - w).
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Answer:
$4,277.5
Explanation:
Given:
Selling cost of the house = $245,000
Percentage of commission = 3%
Amount of commission = 0.03 × $245,000 = $7,350
Now,
The salesperson is on a 65% commission schedule with her broker
This means that the salesperson will get only 65% of the amount of commission
thus,
Commission to paid = 0.65 × $7,350 = $4,777.5
The final amount received = Commission - office expenses
or
The final amount received = $4,777.5 - $500 = $4,277.5
Answer:
Eminent domain for the public good.
Explanation:
He charged the branch manager because he didn't see eminent domain for public use.
In eminent domain the government, the government the government has the power to take private property for public use.
The bank is a public place and as such are required to have a public domain that is members of the public or for civic use. Such a party is likely going to be for public use or it could be delegated to third parties.
Answer:
The company should increase the number of units she is producing
Explanation:
Since the elasticity of demand for the product is greater than one (1.4), it means the demand for the new drug is elastic, meaning the demand for the new drug is sensitive to price – the higher the price, the lower the quantity demanded and the vice-versa. So the pharmaceutical company should be careful of charging higher than the other competitors.
What the company needs to do to increase its revenue is to produce large quantity of the drug in order to earn higher and gain larger market share and probably economies of scale.
For example, If the company produces 400 units of the drug at $2, the revenue will be $800.
To increase the revenue, the company needs to increase its production.
For example, the increases the production to 500 units at the prevailing price of $2, therefore, the revenue will be $1000
Answer:
The marginal revenue product has a property known as diminishing marginal return.
The property of diminishing marginal return tells us that theres an amount of input that maximizes revenue, and after this point is reached, additional units of input less addional revenue until diminishing it.
In this example, the Collection Agency is way past the maximum revenue point (located at $34.00 per worker). It needs to lay off employees until it goes from the current $40.00 marginal revenue product, until $34.00 marginal revenue product.
