Demand and Supply TV Schedule Based on the provided figures in the above table A) Under no international trade (domestic free market) 1) Determine the equilibrium price and quantity of TV. (This is in a closed economy) 2) calculate the amount of consumer and producer surplus B) Under an open economy: 1) determine the producer and consumer surplus when price of TV is reduced by $200 from the original equilibrium to a new equilibrium due to free trade with the outside world 2) determine the number of imported TV sets 3) what is the size of domestic TV products? C) Under tariff regime when the government applies a tariff of $100 on each imported TV 1) determine the consumption and protective effect 2) the total amount of revenue the government collects 3) determine the size of domestic and Imported products 4) Summarize in one paragraph how the three scenarios affect the consumers, producers, government, and the overall economy. After going over the above calculation, do you think trade barrier will benefit the country in applying such measure? Discuss

Answer:

A

whomever the government wants to receive the goods

Explanation:

he government owns and controls the major aspects of the economy in the command system. A big proportion, if not all the factors of production are in the government's hands.  Production and distribution of products and services follow a central plan prepared by the government.

It is the government that decides what will be produced, its quantity, and price. The government determines the distribution channels and recipients of goods and services.

Answer:

I say your answer option is true. I'm so sorry if my answer ends up being wrong. I tired my best

Answer:TRUE

Explanation:

Industry and Organization The industry that has been chosen for this analysis is the Automobile industry. The organization that has been selected for this analysis is Tesla. Tesla is an American company that specializes in the manufacturing of electric vehicles, solar panels, energy storage, and related products. Tesla is considered as one of the leading companies in the electric vehicle industry.Porter's Five Forces Porter's Five Forces is a framework that is used for industry analysis and is utilized to identify the competitive intensity of an industry.

The five forces are Supplier Power, Buyer Power, Competitive Rivalry, Threat of Substitution, and Threat of New Entry. The following is the analysis of each force for Tesla.Supplier Power The supplier power is considered to be low for Tesla as the company produces most of its own parts and components. Furthermore, Tesla has partnerships with suppliers that help the company in maintaining a steady supply chain. The opportunity for Tesla is to invest in research and development to find new materials and reduce the cost of manufacturing.Buyer Power The buyer power is moderate for Tesla as the company has a loyal customer base, which has a limited number of choices in the electric vehicle market. The opportunity for Tesla is to expand its product line and cater to a wider customer base.Competitive Rivalry The competitive rivalry in the electric vehicle industry is intense with companies such as BMW, Chevrolet, and Nissan as its competitors. Tesla has a competitive advantage due to its brand image, superior technology, and charging infrastructure. The opportunity for Tesla is to expand its presence in the market and focus on its unique selling points.Threat of Substitution The threat of substitution for Tesla is moderate, as some customers might opt for hybrid vehicles or traditional gasoline vehicles. The opportunity for Tesla is to expand its product line and offer vehicles with different price ranges and models.Threat of New Entry The threat of new entry is low for Tesla as the company has established itself as a leading company in the electric vehicle market.

Furthermore, the company has an extensive charging infrastructure and access to a large pool of talent. The opportunity for Tesla is to expand globally and reach out to untapped markets.Competitive Strategies The four basic competitive strategies are Cost Leadership, Differentiation, Cost Focus, and Differentiation Focus. The following is the analysis of each strategy for Tesla.Cost Leadership The main competitor that fits in this strategy for Tesla is Chevrolet Bolt. Chevrolet Bolt has a lower price point as compared to Tesla, but Tesla has an advantage in terms of range, charging infrastructure, and technology. Tesla should focus on reducing the cost of manufacturing and introducing an entry-level electric vehicle to cater to the mass market. Differentiation The main competitor that fits in this strategy for Tesla is BMW i3. BMW i3 is considered to be a premium electric vehicle that has a unique design and advanced features.

Tesla should focus on developing innovative technologies and expanding its product line to cater to a wider customer base.Cost Focus The main competitor that fits in this strategy for Tesla is Nissan Leaf. Nissan Leaf has a lower price point as compared to Tesla, but Tesla has an advantage in terms of range, charging infrastructure, and technology. Tesla should focus on reducing the cost of manufacturing and introducing an entry-level electric vehicle to cater to the mass market.Differentiation Focus The main competitor that fits in this strategy for Tesla is Porsche Taycan. Porsche Taycan is considered to be a premium electric vehicle that has a unique design and advanced features. Tesla should focus on developing innovative technologies and expanding its product line to cater to a wider customer base.

The strategy that provides the most opportunity for Tesla is Differentiation as it is an established brand that has a loyal customer base. Tesla should focus on introducing new products, expanding its charging infrastructure, and improving its technology. Tesla belongs to the Differentiation area.StatementTesla should focus on differentiation and offer unique products and services that cater to the needs of its customers. Tesla should expand its charging infrastructure and invest in research and development to improve its technology. Tesla should also consider introducing an entry-level electric vehicle to cater to the mass market.

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The quantity of salt demanded tend tobe un responsive to changes in its price because salt is an inelastic good, the quantity demanded is unresponsive to price changes. This means that regardless of the price change, people will still buy it.

Salt is a product with a limited number of substitutes, and people may not spend a lot of money on it, so price increases do not bother them. Furthermore, it is a necessity with no close substitutes.

Thus, the demand for salt is inelastic i.e. any change in its price will not affect demand.

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A government is considered to have a budget surplus if it raises more revenue through taxes than it spends. A budget that is balanced means that taxes and spending are equal. The government debt is the total of all prior surpluses and deficits.

A budget surplus occurs when income exceeds expenses. The term is commonly used to describe a government's financial status since citizens have "savings" instead of a "budget surplus." A surplus is evidence of a government's capacity to manage its finances appropriately.

Example,

A resource or good is said to have a surplus if there is more than is presently being utilized. A surplus can refer to a variety of items, such as cash, goods, assets, and earnings. A surplus in the sense of inventory refers to items that remain on store shelves but have not yet been purchased.

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You often start to see ads for a product after conducting a search for that product because your user data has been collected and analyzed.

When you search for a product or browse websites, your online activities are tracked and recorded through cookies and other tracking technologies. This data is collected by companies and analyzed to gain insights into your preferences, interests, and behavior.

Based on this information, targeted advertisements can be displayed to you, specifically tailored to your perceived needs and interests. This practice is known as targeted advertising or personalized advertising, and it aims to increase the relevance of ads and improve the effectiveness of marketing campaigns.

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Answer:

Smiles, frowns, waves, middle finger, thumbs up, thumbs down, peace sign, grunt, sigh, raised eyebrows, wrinkled brow, wink, sticking out your tongue, flexing, closing your eyes, nodding your head, shaking your head, tilting your head, licking your lips.

Explanation:

All non verbal, yet speak volumes.

Your nominal income has increased by $25.

Nominal income refers to the amount of money you earn in actual dollars, without adjusting for inflation or changes in the purchasing power of those dollars.

In this scenario, your income has gone up by $25, from $1,500 to $1,525. However, the increase in your cell phone service charges from $70 to $105 means that you now have less purchasing power with your income than you did before. This is because the cost of goods and services, including your cell phone service, has increased.

To account for changes in the purchasing power of your income, you would need to calculate your real income, which adjusts for inflation. If inflation were 2%, for example, your real income would only increase by $23.50 ($25 - 2% of $1,500) instead of $25.

In summary, while your nominal income has increased by $25, it is important to also consider the impact of inflation and changes in the cost of goods and services on your overall purchasing power.

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In the sticky-price model, the aggregate supply curve can be described in the following special cases:
1.1. When no firms have flexible prices (s=1), the aggregate supply curve is perfectly horizontal. This means that all prices are fixed, and firms cannot adjust them in response to changes in demand. In this case, the aggregate supply curve is identical to the very short-run horizontal aggregate supply curve. In both cases, output can increase or decrease without affecting the price level.

1.2. When the desired price does not depend on aggregate output (a=0), the aggregate supply curve becomes vertical. This implies that firms do not change their prices in response to changes in aggregate output, resulting in an inelastic aggregate supply curve. In this situation, any increase or decrease in aggregate demand will not affect the level of output in the economy.

In comparison to the very short-run horizontal aggregate supply curve, both of these special cases are different. The very short-run curve is horizontal because firms have limited time to adjust their prices. In the first case, it is because of the complete lack of price flexibility, while in the second case, it is due to the absence of output-based price adjustments.

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Explanation:

insurance is an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.

premium an agreed payment for insurance

insure to protect something against unforseen risks like fire death etc.

Answer:

dch gang from BJP by v for Vendetta the intended recipient you are not the intended recipient you are not the intended recipient you are

Yes, airports can be considered as two-sided markets because they serve two distinct customer groups: the airlines and the passengers. The revenue generated on both the airside and the landside is dependent on the traffic throughput, which refers to the number of flights and passengers passing through the airport.

On the airside, airlines pay fees to the airport for landing, parking, and using other services. This revenue is directly related to the number of flights and the size of the aircraft. On the landside, revenue is generated from various sources such as parking fees, retail shops, food outlets, and rental car services. This revenue is directly influenced by the number of passengers using these facilities.

The interrelation between the airside and landside revenues is evident as more flights and passengers result in increased demand for landside services. Similarly, the availability and quality of landside facilities can attract more airlines and passengers to use the airport.

In conclusion, the traffic throughput drives the revenue generated on both the airside and the landside, making airports two-sided markets.

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The consumer reference price that is generally unavailable to a consumer is historical competitor price.(A)

An explanation for this is that historical competitor prices are not easily accessible to consumers, as they typically focus on current prices and discounts.

Consumers may have difficulty obtaining accurate historical competitor prices because businesses don't usually advertise them.

In contrast, expected future prices, usual discounted prices, upper-bound prices, and last prices paid can be found through promotions, price comparisons, or personal experience, making them more readily available to consumers.(A)

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Industries with monopolistic competition include those in the food service, beauty care, home goods, and apparel sectors. Several rival businesses sell, advertise, and charge different prices for goods like dish soap and hamburgers.

Pricing is frequently a crucial component of these rivals' strategies because demand is highly elastic for the products and services they offer. In order to increase sales, one corporation can decide to cut prices while forgoing a bigger profit margin. The price of one product might increase, and another might employ packaging or marketing that conveys higher quality or sophistication.To distinguish their products from one another, businesses frequently use distinctive branding and marketing techniques. Because the products all serve the same goal, the typical consumer frequently is unaware of the specific differences between the numerous products or how to assess.

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Answer:

$262.40

Explanation:

Net pay is gross pay minus all deductions. To get the net pay, we add up all deductions and subtract them from gross pay

net pay =  $380-( $35.90+$52.70 +  $23.50 + $5.50 )

=$380- $117.60

=$262.40

To calculate the average cost to produce one unit, we need to consider the direct materials, wages for production workers, and the lease payments and utilities on the production facilities. The average cost to produce one unit is $11.00.

1. Add up the costs of direct materials ($39,000), wages for production workers ($19,000), and lease payments and utilities on the production facilities ($8,000).

Total production cost = $39,000 + $19,000 + $8,000 = $66,000

2. Divide the total production cost by the number of units produced (6,000 units).

Average cost per unit = $66,000 / 6,000 = $11.00

So, the average cost to produce one unit during Connor Company's first year of operations is $11.00.

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Answer:

because they send the mail to you as it enter the mail or mailbox is a delivery

Answer:

The answer is D

Explanation:

because you can't withdrawal money whenever you want that makes long term savings have more interest then savings accounts.

Answer:

B because what celebrity won't they love money

Answer:

B

Explanation:

BEcause celebs

Game Theory is a mathematical framework used to study decision-making in strategic situations where multiple players are involved. In this context, the rules of the game are critical in determining the outcome that results. The rules of the game define the available choices and actions that players can take, the payoffs associated with each decision, and the order in which decisions are made.

The outcome that results from a game is a function of the actions taken by each player, given the rules of the game. Therefore, changing the rules of the game can significantly alter the outcome of a game. For example, if the rules of the game favor one player over the others, that player is more likely to win the game. Alternatively, if the rules of the game are too restrictive, the outcome may be suboptimal for all players. In conclusion, the rules of the game play a crucial role in determining the outcome of a game, and changing these rules can have a significant impact on the result.

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Joey cuts grass during the summer. He owns one lawn mower. For him, the short run is equal to C) the amount of time it takes to hire an additional employee and buy another lawn mower.

The short run is an economic concept that refers to a period in which at least one factor of production, such as capital or labor, is fixed. In Joey's situation, the fixed factor is the lawn mower he owns. In the short run, Joey can only increase his grass-cutting capacity by hiring additional employees and purchasing more lawnmowers. As soon as he acquires these resources, he can transition into the long run, where all factors of production become variable and can be adjusted to meet the growing demand for his grass-cutting services.

In summary, the short run for Joey is the period in which he is operating with a fixed factor of production (his one lawn mower) and needs to acquire additional resources (employees and lawn mowers) to expand his business. Once he does so, he enters the long run, where he can adjust all factors of production to meet his customers' needs. Therefore, the correct option is C.

The question was incomplete, Find the full content below:

Joey cuts grass during the summer. He owns one lawn mower. For him, the short run is equal to

A) the amount of time it takes to acquire more customers.

B) the amount of time it takes to hire an additional employee.

C) the amount of time it takes to hire an additional employee and buy another lawn mower.

D) the amount of time it takes to mow one lawn.

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The risk that is unique to a particular business or industry is known as unsystematic risk. Nonsystematic risk, specific risk, diversifiable risk, and residual risk are all other names for it. Diversification can cut down on unsystematic risk in an investment portfolio, whereas systematic risk is the risk that comes with the market.

The unpredictability of an investment in a company or industry is an example of unsystematic risk. A new competitor in the market with the potential to take a significant share of the market from the company that was invested in, a regulatory change that could reduce sales, a management change, or a product recall are all examples of unsystematic risk.

While financial backers might have the option to expect a few wellsprings of unsystematic gamble, it is almost difficult to know about all dangers. An investor in healthcare stocks, for instance, might be aware that a significant shift in health policy is imminent, but they might not fully comprehend the specifics of the new laws or how consumers and businesses will react.

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The first thing the medical assistant should do when a Check is returned unpaid by the bank should be :Make contact with the check writer.

For a variety of reasons, checks are returned unpaid.

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Inflation is an increase in the average price level.

Inflation is the rate of increase in average price levels within a certain period. When goods are inadequate the prices will increase. It is also a broad measure, like an overall price increase or cost of living. This means money is losing value with time and, thus, impossible to buy as much as possible before inflation. With inflation, there also comes a decrease in the consumer’s purchasing power.

An economy experiencing inflation will experience it if the average price level increases. The consumer price index measures the increase in the average price. The consumer price index is called CPI, which takes into account a certain amount of goods.

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B) Owners will spend less money on the creation of new technologies.

The development of well defined and upheld private property rights is essential for societal welfare, economic efficiency, and progress. The fact that property owners could devote fewer resources to the creation of new technology is one possible negative. This is due to the fact that well defined property rights give property owners legal protection and give them the sole authority to utilise their resources anyway they see appropriate. They might not feel the need to spend money on expensive research and development projects to produce new technologies that could provide them a competitive advantage as a consequence. Yet, the advantages of private property rights as a whole—such as greater investment, production, and innovation—far exceed this potential drawback.

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The marketing firm tasked with monitoring trends in spending, personal income, savings, and interest rates is likely gathering information about consumers' financial behaviors and attitudes.

By analyzing these factors, the firm can gain insights into how consumers are managing their money, how they make purchasing decisions, and what factors influence their spending habits.

Tracking spending patterns provides insight into consumer behavior and preferences, enabling companies to identify popular products and services, determine customer needs and preferences, and adjust their marketing strategies accordingly.

Personal income and savings data, meanwhile, can reveal consumers' financial stability, their ability to save and invest, and their confidence in the economy.

This information can help companies tailor their products and services to meet the needs of different income groups and adjust their pricing strategies accordingly.Interest rates are also important indicators of consumer behavior, as they influence borrowing and saving decisions.

By monitoring interest rates, the marketing firm can gain insights into consumer demand for credit, the availability of credit, and the impact of interest rates on consumer spending and savings habits.

Overall, the marketing firm's focus on these financial indicators suggests that they are interested in understanding consumer behavior and identifying opportunities to better serve their target market.

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