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saw5 [17]
3 years ago
14

uppose the government wants to limit imports of a certain good. Is it preferable to use an import quota or a​ tariff? Why? A.

A tariff is preferable because the producer surplus gain is larger than with a quota.​ Therefore, the tariff creates a smaller deadweight​ loss, which is preferable from​ society's standpoint. B. Quotas and tariffs are equivalent in their ability to limit imports and therefore are equally preferable. They cause the same changes in consumer and producer surplus and thus the same deadweight loss. C. A quota is preferable because it​ doesn't require imposing a tax on the good to limit imports. Consumers can still benefit from a lower price while domestic producers benefit from increased sales. D. Although consumer and producer surplus changes are the same under quotas and​ tariffs, tariffs are preferable because the government can redistribute the tariff revenue to offset most of the deadweight loss.
Business
1 answer:
Alchen [17]3 years ago
8 0

Answer:

Although consumer and producer surplus changes are the same under quotas and​ tariffs, tariffs are preferable because the government can redistribute the tariff revenue to offset most of the deadweight loss.

Explanation:

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Diminishing marginal product suggests that the marginal A. cost of an extra worker is unchanged. B. cost of an extra worker is l
MArishka [77]

Answer:

The correct answer is letter "D": product of an extra worker is less than the previous worker's marginal product.

Explanation:

The Law of Diminishing Marginal Productivity indicates that increasing one variable while holding others the same can initially increase output but eventually adding more of that variable results in lower return rates. This law helps explain that it is not always the best way to increase income by increasing production.

<em>Initially, companies recruiting additional workers would boost production until too few machines or not enough space is sufficient to accommodate everyone. Then, the production rate will decrease.</em>

7 0
3 years ago
Consider a competitive market with a large number of identical firms. The firms in this market do not use any resources that are
lakkis [162]

Answer:

a. increase price in the short run but not in the long run.

Explanation:

A perfectly competitive market is one in which firms in an economy produce similar goods, and use resources that are limited in quantity.

An increase in demand will result in a corresponding increase in price, and results in firms making high profits. In the diagram below it results in a shift of demand from D1 to D2.

In the long run as firms have low barrier to entry more firms enter the market and supply shifts from S1 to S2. There is reduction in prices and profits start to fall. This is illustrated in the second diagram.

8 0
3 years ago
What kind of business most often risks problems over who will do what kind of work and under what circumstances?
uysha [10]
Es la C tienes mas riesgos por que aquí tu tienes tu propia empresa y por lo tanto mas dinero lo cual atrae a lis delincuentes para hacer secuestros robos asesinatos etc Espero q te sirva
7 0
3 years ago
Points for free and maybe brainliest
denis23 [38]
Yasssssssssssssssssss
3 0
3 years ago
Read 2 more answers
A manufacturing company has a beginning finished goods inventory of $15,400, raw material purchases of $18,800, cost of goods ma
cupoosta [38]

Answer:

$30,900

Explanation:

The beginning finished goods is $15,400

Raw materials purchased is $18,800

The cost of goods manufactured is $34,100

Ending finished goods is $18,600

Therefore the cost of gods can be calculated as follows

= 15,400+34,100-18,600

= 49,500-18,600

= 30,900

Hence the cost of goods sold by the company is $30,900

8 0
3 years ago
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