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damaskus [11]
2 years ago
5

Define term common market​

Business
1 answer:
Stells [14]2 years ago
5 0

Answer:

A group of countries imposing few or no duties on trade with one another and a common tariff on trade with other countries is called common market.

Explanation:

hope this helps you....

God bless you.....

Have a great day....

(≧▽≦)

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What key factor kept the copernican theory from being widely accepted at first?
Amiraneli [1.4K]
The key factor that kept the Copernican is that Roman Catholic Church had decided that earth was the center of the universe and contrary opinions were heresy. The Copernican also proposed that a heliocentric system had decided the the Earth is the center of the universe and all of the contrary opinions regarding this was false.
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2 years ago
(Inspired by the events in the Montreal cement market in 1966.) You are the CEO of Independent Cement (IC), and are considering
pychu [463]

Answer:

1) C.C. is currently selling at $ 12. So, if I.C.'s price is equal to C.C.'s it can sell to all the 400 customers. Hence, IC should keep the price at $12. The CC's price after price determination by IC will be $ 11 as doing so, CC will be able to sell to all 400 customers. Expected profits of IC will be as follows:

Sales =12 *400

Less : Marginal cost = 3*400

Expected profits = $ 3600

(2) If IC builds a small plant, then it can sell upto its capacity i.e. 100 units to 100 customers, if its price is no greater than IC. So IC can keep its price at $ 12. Expected profits of IC = 100 *12 less marginal cost i.e. 3*100 = $ 900.

As a result of above, CC will keep its price either 11 or 12.

Case 1( If CC's price is 11)

Expected profits = sales- marginal cost = 400* 11 - Marginal cost i.e. 4 * 400= 2800

Case 2 ( If CC's price is 12)

Expected profits = sales- marginal cost = 300* 12- Marginal cost i.e. 4* 300 =2400

So, CC's price would be $ 11 as it leads to maximisation of his profits

(3) The choice of size of plant will be dependent upon the profits and is driven by profit maximisation factor.

Case 1 ( If small plant is chosen)

Sales = 100 * 12

Less : Marginal cost = 100 * 3

Profits = $ 900

Case 2 ( If large plant is chosen, we should keep our price at 11 as CC would always keep the price at 11 , not 12 as it maximises its profit at 11)

Sales = 400 * 11

Less marginal cost : 3 * 400

Profits = 3200

Hence, large plant should be chosen

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3 years ago
Which of the following is included in comprehensive income? Distributions to owners. Changes in accounting principles. Investmen
Kamila [148]

The options that are included in comprehensive income are: Unrealized gains on available-for-sale securities.

<h3>What is Comprehensive Income?</h3>

Comprehensive income is a term that refers to the gains and losses that a company is yet to realize during its accounting period.

The gains, losses, revenue, that are yet to be classified can be classified as comprehensive income.

Learn more about comprehensive income here:

brainly.com/question/19908089

6 0
1 year ago
Explain the kind of economic goods that are hot dogs and hot dog buns are with respect to each other, and then explain what is l
NNADVOKAT [17]

Answer:

Compliments

The demand for hot dogs would increase

Explanation:

Compliment goods are goods that are demanded together. Hot dog and hot dog bins are consumed together so they are demanded together. If the demand for hot dog increases, the demand for hot dog buns also increases.

If the price of hot dog buns falls, the demand for hot dog increases.

I hope my answer helps you

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When a corporate employee takes up art out of self-interest and derives huge satisfaction while making a work of art, the corpor
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