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denis-greek [22]
2 years ago
6

As measured in 2008, about _________ of U.S. trade and ________ of European trade is intra-industry trade.

Business
1 answer:
Natalija [7]2 years ago
7 0

Based on information available, as measured in 2008, about 60 percent of U.S. trade and 60 percent of European business is intra-industry trade.

<h3>What is intra-industry trade?</h3>

The intra-industry trade is a term used in describing the commercial activities that involve the exchange of related products about the same industry.

The intra-industry trade is common in international markets where related features are exchanged between countries.

Based on the information released in 2008, the intra-industry trade takes a massive part of the USA and Europe trade, with 60 percent each.

Hence, in this case, it is concluded that intra-industry trade is a common phenomenon in the international market.

Learn more about Intra-industry trade here: brainly.com/question/8495793

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Rzqust [24]

Answer:

Profit maximising price = 48

Explanation:

Total Cost : C (x) = 8x + 3

Demand Curve : p (x) = 88 − 2x

Total Revenue = p (x). x  =  x (88 - 2x) = 88x - 2x^2

Profit maximisation is where Marginal Cost (MC) = Marginal Revenue (MR)

MC = d TC / d Q  =   d (8x + 3) / d x = 8

MR = d TR / d Q = d (88x - 2x^2) / d x = 88 - 4x

Equating MR & MC ,

88 - 4x = 8  , 88 - 8 = 4x

x = 80 / 4 , x = 20

Putting value in demand curve,

p = 88 - 2x = 88 - 2 (20) = 88 - 40

p = 48

3 0
3 years ago
Mack's guitar fabrication shop produces low​ cost, highly durable guitars for beginners.​ Typically, out of the 100 guitars that
Virty [35]

Answer: 21.32 per hour

Explanation:

Guitars produced each month = 100

considered good enough to sell = 82%

Remaining are scrapped = 18 %

Selling price of each guitar = $260

Each guitar requires = 10 labor hours

Each employee works an average = 160 hours per month

Labor is paid = ​$11 per​ hour

materials cost = ​$40 per​ guitar

overhead = $4,200

Therefore,

Number of guitars are good enough to sell = 82% of 100

                                                                   = 82 guitars

Value of output = Number of guitars sell × Selling price of each guitar

                        = 82 × $260

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Input in labor hours = Guitars produced each month × Labor hour employed in each guitar

                               = 100 × 10

                               = 1,000 hours

Labor productivity =\frac{output}{input}

                                =  \frac{21,320}{1,000}

                                = 21.32 per hour

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Answer:

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Answer:

Instructions are listed below.

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Giving the following information:

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