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Nina [5.8K]
4 years ago
5

n autarky, suppose that equilibrium sugar price is $100 per ton in Birdonia, a small agricultural nation. Now, suppose Birdonia

engages in free trade with the rest of the world. The world price of sugar is $125 per ton.What will happen to the domestic price of sugar in Birdonia
Business
1 answer:
Rainbow [258]4 years ago
6 0

Answer:

the domestic price of sugar will increase to $125.

Explanation:

Since the world price of sugar is higher than the domestic price, domestic producers of sugar will export their products in order to earn a higher profit. That will eventually lead to an increase in the equilibrium price from $100 (former equilibrium price) to a higher price equal to the world price ($125).

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Brief Exercise 13-14 Coronado Corporation sells DVD players. The corporation also offers its customers a 4-year warranty contrac
Iteru [2.4K]

Answer:

(a)Sale contracts

Dr Cash $2,100,000

Cr Unearned warranty revenue $2,100,000

b)Cost of servicing warranty

Dr Warranty expense $189,0000

Cr Inventory $189,000

(c)Recognized warranty revenue

Unearned warranty revenue $525,000

Explanation:

(a)Sale contracts

Dr Cash ($20,000 x105) $2,100,000

Cr Unearned warranty revenue $2,100,000

b)Cost of servicing warranty

Dr Warranty expense $189,0000

Cr Inventory $189,000

(c)Recognized warranty revenue

Unearned warranty revenue $525,000

($2,100,000 ×1/4)

7 0
3 years ago
In a private closed economy _____ investment is equal to saving at all levels of GDP and equilibrium occurs only at that level o
Naddik [55]

Answer:

B

Explanation:

In a private closed economy (actual) investment is equal to saving at all levels of GDP and equilibrium occurs only at that level of GPD where (planned) investment is equal to saving.

8 0
3 years ago
Which action is an example of a consumer making a purchase through a direct marketing arrangement?
Vladimir [108]

By providing customers with a direct line to vendors through the mail, phone, or computer, direct marketing enables them to make purchases from the comfort of their own homes or places of employment. Telemarketing, catalog sales, online shopping, and direct mail are a few examples of direct marketing.

<h3><u>What Is Direct Marketing?</u></h3>

Direct marketing is any form of advertising that reaches out to customers directly, as opposed to going through an intermediary like the media. Campaigns using text messaging, social media, email, and the postal service are some of the delivery techniques used. Direct marketing is called that because it frequently eliminates the middlemen, such as the media.

<u>The Workings of Direct Marketing</u>

In contrast to traditional public relations efforts that broadcast information through a third party, like media outlets or mass media, direct marketing initiatives operate autonomously to engage with target audiences.

In direct marketing, businesses employ social media, email, postal, phone, and SMS campaigns to disseminate their content and make sales pitches. Direct marketing frequently attempts to personalize the message by inserting the recipient's name or city in a prominent area in order to boost interaction, despite the occasionally enormous volume of communications distributed.

Learn more about marketing with the help of the given link:

brainly.com/question/23867900

#SPJ4

4 0
2 years ago
Otion Inc. is a relatively new firm in the consumer electronics industry. The company's primary objective is to become the marke
muminat

Answer:

C) Internal production systems that could reduce costs by 30 percent below the current industry standards

Explanation:

VRIO can be defined as the tool used to analyze a firm’s <u>internal resources and capabilities</u> in relation to them being a source of sustained competitive advantage. It purports that organisations have to look inwards for development of competitive advantage.

VRIO is an acronym for a the four qualities that must be possessed if internal competencies must produce competitive advantage:  Value, Rarity, Imitability, and Organization.

Hence in the case of Otion Inc, the right resolve and direction is its <u>internal</u> production systems being able to reduce costs by 30% below industry standards.

The key word is internal.

7 0
3 years ago
Do you think marketers truly have the power to change the way we think? If so, what are the
EleoNora [17]

Answer:

Yes.

Implication : Manipulate demand and choices

Explanation:

<em>Marketing</em> involves communicating the product to the customers at the right price, to the right people and delivering to the right place.

If one of the 4Ps is marketed well for one product customers will have greater attention of that products against another, thus changing the way we think.

4 0
3 years ago
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