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sergij07 [2.7K]
3 years ago
9

Both international and domestic travel markets are important for the economy of a country since the international travelers inje

ct export income while domestic travelers recycle the domestic income of the national economy.
Business
1 answer:
Dmitry [639]3 years ago
8 0

Answer: True

Explanation:

Export income is money that a company makes when it sells goods and services to other countries and its citizens. When international travellers spend on goods and services in a country therefore, they are increasing the export income of a country.

Domestic travellers are also important as they keep the flow of domestic funds going by recycling it when they go to another part of the country.

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. A one-product firm estimates that its daily total cost function (in suitable units) is C (x) = x^3 - 6x^2 + 13x + 15 and its t
givi [52]

Answer:

Value of x maximising profit : x = 5

Explanation:

Cost : C(x) = x^3 - 6x^2 + 13x + 15 ; Revenue: R(x) = 28x

Profit : Revenue - Cost = R(x) - C(x)

28x - [x^3 - 6x^2 + 13x + 15]  = 28x - x^3 + 6x^2 - 13x - 15

= - x^3 +  6x^2 + 15x - 15

To find value of 'x' that maximises total profit , we differentiate total profit function with respect to x & find that x value.

dTP/dx = - 3x^2 + 12x + 15 = 0 ► 3x^2 - 12x - 15 = 0

3x^2 + 3x - 15x - 15 = 0  ► 3x (x +1) - 15 (x + 1) = 0 ► (x+1) (3x-15) = 0

x + 1 = 0 ∴ x = -1   [Rejected, production quantity cant be negative] ;

3x - 15 = 0 ∴ 3x = 15 ∴ x = 15/3 = 5

Double derivate : d^2TP/dx^2 = - 6x + 12

d^2TP/dx^2  i.e - 6x + 12  at x = 5 is -6(5) + 12 = - 30+ 12 = -8 which is negative. So profit function is maximum at x = 5

8 0
3 years ago
Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic pric
kotykmax [81]

Answer:

Export

true

Explanation:

Because the price of meekers in meekertown is lower than the world price for meekers, meekers from meekertown are cheaper. so if free trade is allowed, other countries would want to purchase meekers from meekertown because it is cheaper.

So, meekertown would export meekers if free trade is allowed.

When a country is too small affect the world price, allowing for free trade will always increase total surplus in that country, regardless of whether it imports or exports as a result of international trade.

this is so because if the country is efficient in production of a good (producing at a lower price when compared to the world price), export of the good would increase thus increasing producer surplus. if on the other hand, the country is inefficient in producing a good and the country allows for free trade, the country can import the good. this would increase consumer surplus.

4 0
3 years ago
Listed below are accounts that appear in financial statements.
Kobotan [32]

Answer:

Dividends  - <em>Statement of Changes  in Retained Earning</em>

Dividends are payments to shareholders from a company's net income. They are derived from the Statement of Changes  in Retained Earning because this is where Net Income is sent to. After they are deducted from Retained Earnings, the Earnings form part of Equity.

Differed Revenue  - <em>Balance Sheet</em>

Differed Revenue refers to money that was received from a customer or client for goods and/or services that have not yet been delivered. The business will treat them as a liability until they are delivered so they will go under Current Liabilities in the Balance Sheet assuming they are to be fulfilled in 12 months or less which is usually the case.

Service Revenue - <em>Income Statement</em>

These are revenue that the business earns for providing a service when their main source of revenue is by selling goods. It is listed in the Income Statement just after Revenue and is added to Revenue to get Total Revenue.

7 0
3 years ago
Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2
ValentinkaMS [17]

Answer:

(B) Operating income has increased as a percentage of revenue

Explanation:

Conducting a vertical analysis,

Operating income (year 1) = Fees earned, less operating expenses

= 149,700 - 127,245 = $22,455

Therefore operating income as a percentage of revenue = 22,455/149,700 = 15%.

Operating income (year 2) = 153,500 - 122,800 = $30,700

Therefore operating income as a percentage of revenue = 30,700/153,500 = 20%.

Therefore, operating income as a percentage of revenue increased from year 1 to year 2.

7 0
3 years ago
If you are in a car accident caused by someone else who also has insurance, which type of insurance plan will not require you to
ICE Princess25 [194]
I would recommend Liberty Mutual , They have a ton like in this snip i took for you.  

4 0
3 years ago
Read 2 more answers
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