Three reasons that the Protectionist offer to support their position
is as follows: Imposing tariffs, campaign to support use of countries own
produced products, and controlling the exchange rate in their country. This policies
and reasons help their country to protect their own goods and will help their
economy rise.
Answer:
The correct answer is: demand curve; option C.
Explanation:
A price floor is the lowest limit fixed on the price of a product. It is imposed by the government to protect the producers.
A binding price floor is fixed above the equilibrium market price. It is a horizontal line above the equilibrium price.
The consumers are willing to purchase the quantity where the price floor intersects the demand curve.
There is an excess supply as firms supply more at a higher price while the consumers demand less.
Since there is a difference between the equilibrium price and what the consumers are willing to pay, there exists a deadweight loss. This deadweight loss is the triangular area below the demand curve and above the supply curve between equilibrium quantity and price floor quantity.
Answer:
Following is attached the solution for each part of the question given.
I hope it will help you a lot!
Explanation:
Answer:
Depreciation expense= $3,340
Explanation:
According to International Accounting standards (IAS) 16 property plan and equipment (PPE), the cost of an asset is the purchase cost plus other costs of bringing it to the intended working conditions.
Cost = 17,000 + 700 + 2,000= 16700
Depreciation expense per year = Cost - salvage value /Number of year
Depreciation = (16,700 - 3000)/5 =3340
Depreciation expense= $3,340
Answer:
Quality is important because if the quality of a multiple ton metal machine speeding down the highway is poor, it could lead to lawsuits as well as recalls and hospital bills. The higher quality a product is, the more money you tend to make off of it. Toyota's ceo knows that there are families that use their vehicles for every day life. To have a good quality is to make sure little Jimmy gets to school on time every day.