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2 years ago

A country that relies on the pragmatic nationalist view would say that:.

1 answer:

5 0

It should be noted that a country that relies on the pragmatic nationalist view would state that international production should be based on theory of comparative advantage.

<h3>What is comparative advantage?</h3>

Comparative advantage simply means the ability of an economy to produce goods that has a lower opportunity cost than it's partners.

In this case, country that relies on the pragmatic nationalist view would state that international production should be based on theory of comparative advantage. This is to ensure efficiency.

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In the long run, a monopolistically competitive firm will earn: (A) normal profits because economic profits will attract new fir

enot [183]

Answer: Option (A) is correct.

Explanation:

Correct Option: Normal profits because economic profits will attract new firms and there are no entry restrictions.

In a monopolistically competitive market, firms will earn an economic profit in the short run, so new firms attracted with these profits and decided to enter into the market in the long run.

There is no barriers on entry and exit of the firms in the monopolistically competitive market. When new firms enters into the market, as a result supply of differentiated products increases.

This causes the firm's market demand curve to shift leftwards. It will continue shifting to the left in the firm market demand curve till the point where it is nearly tangent to the average total cost curve.

At this point, firms earns zero normal profit and can earn normal profits in the long run same as a perfectly competitive firm.

3 0

3 years ago

In January 2017, Domingo, Inc., acquired 20 percent of the outstanding common stock of Martes, Inc., for $889,000. This investme

jasenka [17]

Answer:

$923,450

Explanation:

The question is to calculate the equity method balance of Domingo's investment in Martes. Inc at December 31,2015

Step 1: Determine the amortization of patents

Particulars Amount

Martes Inc Assets' Book Value $4,808,000

Subtract: Liabilities ($968,000)

Martes Inc Net Assets Book Value $3,840,000

20% Voting Stock Book Value $768,000

(20% of $3,840,000)

Subtract: Purchase cost of the 20% ($889,000)

Excess of Cost over book value $121,000

Patent (the excess above) $121,000

Amortization of the patent in 10 years = $121,000/10 years = $12,100

Step 2: Calculate the Equity Investment of Domingo Inc

Particulars Amount

Cost of Investment $889,000

Income accrued 2017 (0.2 x $225,000) $45,000

Subtract: Declared dividend (0.2 x $104,000) ($20,800)

Income Accrued 2018 (0.2 x $276,250) $55,250

Subtract: Patent Amortization ($12,100)

Subtract: Dividend declared 2018 (0.2 x $104,000) ($20,800)

Subtract: Patent Amortization ($12,100)

Domingo Inc's Investment in Martes Inc $923,450

6 0

4 years ago

Discuss 5 sources of government revenue in the economy

Marina86 [1]

The government may either sell goods or render services like train, city bus, electricity, transport, posts and telegraphs, water supply, etc. The government also earns revenue from the production of commodities like steel, oil, life-saving drugs, etc.

7 0

2 years ago

How do I calculate inflation?

nikitadnepr [17]

We can calculate the total inflation rate in an easily understandable manner. The total inflation rate is the total rate of change of the consumer price index (CPI) over a certain given period of time.

<h3>What is inflation?</h3>

A general increase in the prices of goods and services in an economy can be called Inflation. Whenever the general price level rises, each unit of currency purchases fewer goods and services; simultaneously, inflation accords to a reduction in the purchasing power of money.

The total inflation is calculated using this given formula:

((Target Year – Base Year) ÷ Base Year) x 100

Thus, the Total inflation rate refers to the total rate of change of the consumer price index (CPI) over a certain given period of time.

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2 years ago

An example of the __________ is a product development specialist who bases a decision to not launch a new product on her recent

tensa zangetsu [6.8K]

Answer: availability heuristic

Explanation: Heuristic is simply a mental strategy used to quickly form judgments, make decisions, and find solutions to complex problems.It describes an approach to problem solving, learning, or discovery that employs a practical method nit guaranteed to be optimal or perfect; not following or derived from any theory. A product specialist who bases a decision not to launch a new product based on her recent failure with another product offering is an example of availability heuristic. It relies on information that comes to mind quickly when it comes to making judgment or decision about relative risk or danger. our brains rely on a number of different strategies to make quick decisions. Availability heuristic is then, a mental shortcut that helps individuals make quick, but sometimes incorrect, assessments.

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3 years ago