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satela [25.4K]
3 years ago
15

Difference between partial equilibrium and general equilibrium in the simplest form​

Business
1 answer:
aleksandrvk [35]3 years ago
4 0

Answer:

In a partial equilibrium model, you are ignoring feedback that may result from related markets. ... Normally, in a general equilibrium model, the equilibrium quantities and prices in all markets are endogenous.

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A grocery store that uses local distributors is am example of what stage of globalization
Elena L [17]

Answer: Domestic stage

Explanation:

In the domestic stage of production, the entity is only involved in the domestic arena. The production facilities they have are limited to the country they are in and they only operate in the domestic market and at this point, the company is not trying to get into foreign markets.

The grocery store above uses only local distributors which means that they are only servicing the local market which therefore puts them at the domestic stage of globalization.

3 0
3 years ago
Suppose Juan has three job offers. He can earn $50,000 in Atlanta, GA; $70,000 in Boston, MA; or $100,000 in San Francisco, CA.
Pavlova-9 [17]

Answer:

  • <u><em>To maximize the purchasing power of his income, Juand should accept the offert of Atlanta, GA.</em></u>

Explanation:

To answer this question you need the <em>comparative costs of living</em> in each of the trhee cities.

In a similar question, you can find the <em>cost of iiving indexes</em> for <em>Atlanta, Boston,</em> and <em>San Francisco</em>. Here is the table:

<em />

<em>                                           Cost of living index</em>

<em>City                                (100 = U.S. City average)</em>

<em>Atlanta, GA                                 98</em>

<em>Boston, MA                               160</em>

<em>San Francisco, CA                   245</em>

Thus, to determine which offer <em>Juan should accept to maximize the purchasing power of his income</em>, divide each income by the cost of living index.

<u>Atlanta, GA:</u>

<u />

  • $50,000/98 = $510.20

<u>Boston, MA</u>

  • $70,000/160 = $437.50

<u>San Francisco, CA</u>

  • $100,000/245 = $408.16

Rank the adjusted earnings in decreasing order:

  • $510.20 > $437.50 > $407.16

Hence, in spite of the nominal earnings in Atlanta are the lowest, the higher cost of living indexes of the other cities, make that the offer from Atlanta the best one.

5 0
4 years ago
The impact of inflation places ______________ and risk in the savings and borrowing relationships.
max2010maxim [7]

Answer:

The correct answer is the option C: uncertainty (the possibility that benefits may be less than expected).

Explanation:

To begin with, the concept of <em>inflation</em> refers to the sustained increase in the general price level of goods and services produced inside an economy and therefore consequently a reduction in the purchasing power per unit of money.

Secondly, it is understandable that the inflation causes that the uncertainess and riskness both take places in the saving and borrowing relationships due to the fact that the price that products and services will have in the future are not determinated and will probably increase in an unexpected way and therefore causing that benefits may be less than expected as well too.

3 0
3 years ago
The Landrum Company provides the following standard cost data per unit of product: Variable overhead $ 8.00 Landrum anticipated
Lubov Fominskaja [6]

Answer:

variable overhead flexible budget= $10,000 unfavorable

Explanation:

Giving the following information:

Variable overhead $ 8.00

The company produced and sold 25,000 units

Incurred $210,000 of variable overhead costs.

<u>To calculate the variable overhead flexible budget, we need to use the following formula:</u>

variable overhead flexible budget= actual amount - variable overhead per unit*actual units

variable overhead flexible budget= 210,000 - (8*25,000)

variable overhead flexible budget= $10,000 unfavorable

6 0
3 years ago
Carr Company produces a single product. Last year, Carr manufactured 27,120 units and sold 21,800 units. Production costs for th
marshall27 [118]

The direct labor is a variable cost.Under absorption costing, the ending inventory for the year would be valued 199500

Explanation:

product per unit = Total cost /number of units produced

= (222384+124752+208824+461040) / 27120

= 1017000/ 27120

product per unit = $ 37.5 per car

Ending inventory = (27120- 21800) *37.5

= 5320 *37.5

Ending inventory= 199500  

8 0
3 years ago
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