Question Completion:
Assume that the price per ton of oranges in the international market is $810 and equilibrium is established at the price of $900 for 120 tons.
Answer:
If Bangladesh is open to international trade in oranges without any restrictions, it will ____import____ tons of oranges. Suppose the Bangladeshi government wants to reduce imports to exactly 120 tons of oranges to help domestic producers. A tariff of ____$90____ per ton will achieve this. A tariff set at this level would raise $___10,800______ in revenue for the Bangladeshi government.
Explanation:
A tariff of $90 per ton will raise the price of a ton of oranges to $900 ($810 per ton as indicated on the question). When the price is raised to $900 in the domestic market, the quantity demanded will equalize with the quantity supplied at 120 tons.
Answer:
b.if 100 units can be produced for $100, then 150 can be produced for $150, 200 for $200, and so forth.
Explanation:
Constant-cost means the cost of producing one unit of product does not change no matter how many products each firm in the industry decide to produce.
If the cost of production is $100 for 100 units, $150 for 150 units, $200 for 200 units and so forth, it means the unit production cost is a constant $1 regardless of the quantity to be produced.
Answer:
OD All are signs of a serious gambling problem.
Some of the advantages of sole proprietorship
1. efficient decision making, by owner only
2. easy to set up, minimal cost, minimal fuss
3. low fixed cost (overhead), could be a home-office
I might have missed others, you could figure them out from the options
Before the annual “Blue versus Red” football game, Sara bet on the blue team who later lost. After the game, she claimed she knew the blue team would lose. This illustrates hindsight bias which is also known as knew it all long effector tiptoeing determinism. It is the disposition after an event has occurred, to see the event as having been expectable in spite of there having been little or no objective basis for forecasting it. It is multifaceted phenomenon that can affect can cause exciting methodological problems while trying to analyze, understand and interpret results in investigational studies. In Additional, one example of the hindsight bias is when after viewing the outcome of a potentially unforeseeable event a person believe he or she “knew it all along.”
