Answer: False
Explanation:
A tariff is a tax that is imposed by the government of a particular country in order to curtail the number of imported goods brought into the country.
Based on the above scenario, the reduction in consumer surplus is not $500 million but rather $600 million which is the addition of $100 million, $200 million and $300 million.
Therefore the question is false.
Answer:
Contribution per unit of scare resource (in hour) = $24 per hour
Explanation:
The question falls under the limiting factor analysis
<em>When a business is faced with a problem of shortage of a resource which can be used to produced more than one product type, to maximize the use of the resource , the business should allocate it for production purpose in such a way that </em><em>it maximizes the contribution per unit of the scare resource.</em>
Therefore Santario Company should allocate the machine hours to maximize the contribution per unit of machine hour.
Contribution per unit of scare resource is determine as follows:
Contribution per unit of scare resource for Model K-3
Contribution per unit of Model K-3 = $6
Machine time per unit = 15 minutes
<em>Contribution per unit of scare resource in minutes</em>
=Contribution per unit/Machine time per unit
= 46/15 minutes
= $0.4 per minute
Contribution per unit of scare resource (in hour)
$0.4 per minutes× 60
= $24 per hour
Answer:
A home mortgage company creates a sales promotion with incentives for potential home buyers to take advantage of a particularly favourable interest rate.
Explanation:
Companies usually give numerous promotions to their valuable customers to increase the overall sales revenue. In the above scenario, if a home mortgage company creates a sales promotion which attracts customers to buy their product and take advantage of the favourable interest rate is an example of companies focusing on macroeconomic factors. Macroeconomic forces are important for any company to improve profits.
Stir sugar, cream and milk into a sauce pan over low heat until sugar has dissolved Heat just until mix is hot and a small ring of foam appears around the edge. 2. Transfer cream mixture into a pour able container such as a large measuring cup. Stir in vanilla extract and chill mix thoroughly, at least two hours. 3. pour cold ice cream mix into an ice cream container, turn on the machine, and churn according to the manufacturers directions. 20 to 25 min. 4. When ice cream is softly frozen, swerve immediately or place a plastic wrap directly on the ice cream and place in freezer to ripen, 2 to 3 hrs <span />
Answer: A. Dollars are printed on paper and have value because the government says they have value.
Explanation: Commodity backed money is a situation where by the value of money is backed up by its purchasing power with which it can be traded with at request. The supply of many can not be more than the purchasing power the country holds.
