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Answer:</h2><h2>The profit would increase by $ 4000 if complex product was produced.</h2>
Explanation:
Total number of units to be manufactured = 1000
(i) The cost price of 1 unit = $ 82
The cost price of 1000 units = 82 * 1000 = $ 82000
Selling price of 1 unit = $ 122
The selling price of 1000 units = 122 * 1000 = $ 122000
Profit earned = 122000 - 82000 = $ 40000
(ii)To produce a complex product,
The cost price of 1 unit = $ 82 + $ 36 = $ 118
The cost price of 1000 units = 118 * 1000 = $ 118000
Selling price of 1 unit = $ 162
The selling price of 1000 units = 162 * 1000 = $ 162000
Profiy earned = 162000 - 118000 = $ 44000
Therefore, the profit would increase by $ 4000 if complex product was produced.
Answer:
45%
Explanation:
The market for good x is initially in equilibrium at $5. the government then places a per-unit tax on good x, as shown by the shift of s1 to s2.
As a result of the shift in the supply curve a new equilibrium price is established at $6.25
That implies that the share of the burden that consumers will bear is $1.25 (which represents 55% portion of the tax) - the difference between the previous and new equilibrium prices.
The other 45% portion of the tax will be borne by the producers
Answer:
Options 1 - 4 are True but 5 is FALSE
Explanation:
All options given are indicators of economic growth and strong economic performance
When considering the economic prospects of a country, it can be said that: 1. the advantages of building brand loyalty and gaining experience in a country's business practices is greater for a last-mover than for a first-mover <em>because the last-mover has the chance to learn from the mistakes of the first-mover and perfect on them</em>
2. countries which do not have property rights protection tend to achieve greater economic growth rates because<em> </em><em><u>prosperity and property rights are inextricably linked</u></em><em>. The importance of having well-defined and strongly protected property rights is now widely recognized among economists and policymakers</em>
3. the economic system and property rights regime are reasonably good predictors of economic prospects of a country because <em>widely accepted explanation is that </em><u><em>well-enforced property rights provide incentives for individuals to participate in economic activities, such as investment</em></u><em>, innovation and trade, which lead to a more efficient market.</em>
4. countries where property rights are not well respected and where corruption is rampant always have very low levels of economic growth because as stated in 3 above <u><em>ill-enforced property rights does not provide incentives for individuals to participate in economic activities, such as investment</em></u><em>, innovation and trade, which lead to a more efficient market.</em>
5.countries with command economies tend to achieve greater economic growth rates than free market economies.
<em>This is FALSE because one of the Command economy disadvantages include lack of competition and lack of efficiency.
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The economy is currently in long-run equilibrium. If the central bank increases the money supply, in the long run the price level will raises.
<h3>What is long-run equilibrium?</h3>
The term “long-run equilibrium” is used in economics to represent a theoretical idea in which all markets are in equilibrium and all prices and quantities have fully adjusted to achieve equilibrium.
The long-run differs from the short-run, which has some limitations and markets that are not entirely balanced.
Currently, the economy is in long-run balance. If the central bank expands the money supply, the price level will rise in the long run.
Therefore, in the long run, the price level will raise as the central bank increases the money supply.
To learn more about the money supply, refer to:
brainly.com/question/14041873
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The impression strategy that Alan is using is the self-promotion. The impression strategy of self-promotion tends a person to promote his or herself or in another term, the person would brag his or her accomplishments or the activities that he or she has done in a way which is forceful or a way that other people would think that he or she does not need to know about.