Q19 Sales Contract (for international trade) is a sort of master agreement for continued transaction. Q20 Answer Documentary Letter of Credit (L/C) requires the evidences for the shipment of the goods such as commercial invoices and transport documents, etc. Answer Q21 Clean L/C doesn't require financial documents such as bills. Answer
Q: Explain the time inconsistency problem and how it relates to the debate over rules versus…
A: Time inconsistency, also known as dynamic inconsistency is a situation wherein the preference of the…
Q: (1) Case 1: price of ball pen in the world market Pw = PhP10/piece while domestic price is Po=…
A: Given that: World price = 10 Domestic Price= 15
Q: What is the opportunity cost (amount & item) of increasing production from 27,000 tons of coffee to…
A: Opportunity cost refers to the foregone Opportunity by producing or consuming something else. Since…
Q: Graphically illustrate the difference between economic efficiency and technical efficiency
A: The term 'efficiency' in Economics refers to the process of evaluating the performance of firms, the…
Q: prepare a list of events that would shift the aggregate supply curve leftward or rightward.
A: The aggregate supply shows the total level of supply within the economy and also depicts how supply…
Q: Since a positive externality is a good thing, why is it considered a cause of market failure? P O a.…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The assumption that self-interest is a primary motivating force in economic activity is a…
A: Introduction Self-interest is related to the actions of individual needs and interests.…
Q: What is an opportunity cost
A: Regardless of the amount of the capital investment, economic cost tells us what is expectedly most…
Q: C: The Battle for Ritzy Cinema II - this time, it's personnel Patrons at the Ritzy cinema can either…
A: Ritzy has two different inputs to sell their ticket - Machine & Labor Original Wage for labor =…
Q: It is rational for someone who wants to sell a lemon to offer the buyer a money-back guarantee.…
A: The market for "lemons" theory was put forward by George A. Akerlof, discussing the problems created…
Q: Why is a football game on ESPN a quasi-public good but a game on the NBC, CBS, or ABC is a public…
A: The qualities of both public and private goods can be found in a quasi-public good. Partially…
Q: Ellie spends £20 on Energy drink (E) and Juice (J). Her preferences for these goods can be described…
A: Given, Utility Function:U(E,J)=2E+J2-J Marginal Utilities: MUE=2MUJ=2J-1 Price: PE=1.6PJ=4 Total…
Q: Scooter's Scooters is a large American manufacturer of electric scooters operating out of Fort…
A: Economies of scale is when the increase in output decreases the average total cost. Diseconomies of…
Q: differentiate the roles of government sector and private sector in terms of revenue, expenditure,…
A: In modern economy, there is a coexistence of government sector and private sector. The private…
Q: What are the strengths and weaknesses when doing business in the United Arab Emirates?
A: In the Middle East, United Arab Emirates is a premier business hub and open market. There are…
Q: A project capitalized for P 50,000 in depreciable assets will earn a uniform annual income of P…
A: Given, A project capitalized fro P50,000Annual income of P19,489 for 10 yearsMaintenance Cost :…
Q: What is the annual rate of interest if 235 is earned in 6 months on an investment of 12,691?
A: Annual Percentage Rate (APR) is defined as the yearly interest generated by a sum that is charged to…
Q: During economic crisis that was ignited by the recent 2020 Covid-19 pandemic, both fiscal and…
A:
Q: Consider the following equations describing real money demand: M/P=Y(2-0.5i) So, if output (Y) in…
A: The combination of interest rate(i) and output(Y) at which money market is in equilibrium is shown…
Q: Express covariance between two variables for a given third variable in terms of conditional…
A: covariance refers to a measure of the relationship between 2 random variables. In other words, we…
Q: 3. The wage rate is £10 and the capital rate is £20. If a firm was spending £c, show what…
A: In the study of economics, production functions represents the relationship between the quantity of…
Q: Money is not used in government policy but in private businesses. Select one: O True False
A: Money is a good that is widely acknowledged as a means of economic exchange. It serves as the medium…
Q: For a firm in a perfectly competitive market Marginal Cost is MC = 5+0.5Q. Total Cost at a quantity…
A: In case of Perfect Competition there are large number of firms selling identical products. An…
Q: Assume a perfectly competitive market. Draw the average total cost, average variable cost, marginal…
A: In perfect competition , The profit maximizing quantity is where P = MC. P = MR in the perfect…
Q: ( ) 1. The lowering of trade and investment barriers: protects domestic industries from…
A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…
Q: What are the principles of Tax-incidence?
A: Tax incidence refers to the situation when the tax burden is borne by the consumers or the producers…
Q: Solve the following problems. Draw corresponding flow chart. A certain service can be performed…
A:
Q: Suppose Carlos and Deborah are playing a game in which both must simultaneously choose the action…
A: Dominant strategy is the strategy that yields the maximum payoff and this will not affected when…
Q: What is the opportunity cost (amount & item) of the first 11,000 tons of coffee produced?…
A: Opportunity cost is the cost of producing one good in terms of other. Opportunity cost shows the…
Q: A local firm is establishing a sinking fund for the purpose of accumulating a sufficient capital to…
A:
Q: A Cooling Tower initially costs P16,450 and has a salvage value of P880 at the end of its economic…
A: Given information Initial cost=P16450 Salvage value=P880 Life=7 year Interest rate=0.068=6.8
Q: What are the economic arguments in favour of the policy of protection? Write any three arguments.
A: Policy of protection, protection policy, or protectionism refers to the concept where the countries…
Q: P = 225 - 4QD P = 50+ 3Qs How much is producers' surplus generated when this market operates in…
A: Equilibrium is the condition in a market where the total surplus is maximized. Equilibrium point is…
Q: What is the opportunity cost (amount & item) of the first 8,000 tons of bananas produced?…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: What is discretionary fiscal policy? What are automatic stabilizers? Give examples of each.
A: Fiscal policy is referred to the policy that is regulated by the government identities. The tools of…
Q: Suppose a monopoly supplied its market from two plants, with cost functions: C₁-18 q₁ and C₂ (92) —…
A: A monopolist refers to a firm that is the only seller in the market and whose product has no close…
Q: Suppose that the demand for good x is given by : P=100-8q Marginal cost of production is given by :…
A:
Q: What are non-tax sources of public revenue?
A: Money from taxes and goods and services provided by public companies, revenue from administrative…
Q: Mr. Chang uses his income to purchase burritos and toothpaste. The price of a burrito , and the…
A: Budget constraints refer to the adequate amount of money in the hands of the individuals that can be…
Q: Suppose that the United States limits the amount of steel that can be imported from other countries.…
A: An import quota refers to the limit of the number of goods that can be imported from nations abroad.…
Q: Consider a company operating in a competitive market. The company sells units of output and receives…
A: A competitive market is one in which no single customer or producer has sway over the market. Its…
Q: Consider a Diamond model with no technology growth (g = 0), a Cobb-Douglas production function Y = K…
A: Given the utility function is in logarithm function. U=log C1+β log C2β--- is discounted valueC1---…
Q: Cite and explain the main uses of foreign exchange markets for international business.
A: The foreign exchange market is the market for exchange of currencies in the economies…
Q: Discuss the significant of product differentiate in imperfect market.
A: Introduction An imperfect market is a situation of a market when the market is not perfect. The term…
Q: An Engineering Company is considering investing in a project. The estimated investment cost for this…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: From the demand function Qdx = 12 – 2Px (Px is given in dollar), derive: (a) the individual’s demand…
A: Demand function refers to the algebraic expression reflecting an association between the two…
Q: Which of the following items can be considered money in the Canadian economy? Explain your answers…
A:
Q: In the Plantation economy model, the Golden Age exhibited which one of the following…
A: The Plantation Economy Model is defined as a model which is based on the mass production of…
Q: TABLE 1 PRICE ELASTICITY OF DEMAND FOR GOODS AND SERVICES Basket of goods and services Price…
A: Price elasticity of demand: It measures the percentage change in the quantity demanded for a 1%…
Q: Calculate the own price elasticity of demand for the demand curve P= 15-3X at prices and compare the…
A: Own price elasticity means that change in own demand due to change in own price of commodity and…
Step by step
Solved in 2 steps
- RMC, Inc., is a small firm that produces a variety of chemical products. In a particular production process, three raw materials are blended to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of 2/5 ton of material 1 and 3/5 ton of material 3. A ton of solvent base is a mixture of ½ ton of material 1, 1/5 ton of material 2, and 3/10 ton of, material 3. After deducting relevant costs, the profit contribution is $40 for every ton of fuel additive produced and $30 for every ton of solvent base produced. RMC’s production is constrained by a limited availability of the three raw materials. For the current production period, RMC has 20 tons of material 1, 5 tons of material 2, and 21 tons of material 3 that are available for production. Assuming that RMC is interested in maximizing the total profit contribution, answer the following: a. Find the optimal solution. How many tons of each product should be produced, and what…Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. 2) The Seaside City Council is considering a project to improve the community-owned beach for the coming year. The city’s engineering department expects to take 45 days to complete the project (most likely), but the time could vary between 40 days (optimistic) and 55 days (pessimistic) depending on construction conditions. Each day of work will cost the city $2000.The city estimates that 20,000 people (most likely) will use the beach this summer and that the improvements will increase the value of their experiences by an average of $5 each. However, historical data indicate that beach usage could range from 17,000 people (pessimistic) to 22,000 people (optimistic). Assume that no benefits of the project will carry forward to future years i.e. you don’t have to worry about discounting anything, it’s effectively all in the current year. a) Which…Help Save Suppose a corporation has two subsidiaries, one of which is unregulated and sells all of its output to the other, regulated subsidiary. Permitted profits at the regulated subsidiary are equal to 10 percent of total costs. The initial profit picture for the subsidiaries is provided in the table below: Unregulated Subsidiary Regulated Subsidiary Total $ 650,000 N/A revenue $ 350,000 $300,000 $1,000,000 $ 100,000 Total costs Total profit If the unregulated subsidiary doubles its selling price to the regulated subsidiary, what are the new profits at Instructions: Enter your responses as a whole number. (a) The unregulated subsidiary? profit = $ (b) The regulated subsidiary? profit = $ & 23 24 8. *00 w/ %S4
- You will find below Exercise No. 1. You are expected to accomplish the exercises preferably in your own words. Do practice proper citation if you are getting information from the internet (APA citation style). In submitting, indicate your Last Name, First Name_sectionAssign#1 Exercise No. 1 Compare and contrast the different intellectual property rights in terms of the following criterion: (1) definition (2) criteria (3) years of protection (4) advantage (5) disadvantage Intellectual Property Right 1. Patent Right 2. Utility Model Right 3. Copyright 4. Design Right 5. Trademark Right Definition Criteria Years of Protection Intellectual Property Right 1. Patent Right 2. Utility Model Right 3. Copyright 4. Design Right 5. Trademark Right Advantage DisadvantageOne advantage of offshore outsourcing is that consumers often benefit from lower prices. True or False True FalsePedro sold a piece of land to his nephew Quintin, a minor. One month later, Pedro died. Pedro’s heirs then brought an action to annul the sale on the ground that Quintin was a minor and therefore without legal capacity to contract. If you are the judge, would you annul the sale?
- Countrywide Financial and Bear Stearns got into trouble because of their daily need for short term loans for which they used mortgage-related securities as collateral. When other banks decided that the collateral was not worth the risk, they stopped lending to them. Why were they able to survive and thrive doing this before any problems appeared? What were these problems? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.10.2 Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality to avoid receiving a downvote. Take care of plagiarism. Answer completely. You will get up vote for sure.What is the correct answer? Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality to avoid receiving a downvote. Take care of plagiarism. Answer completely. You will get up vote for sure.
- B purchased from A, a parcel of land, paying a part of the agreed price with the understanding that he will pay the balance upon the execution of the deed of conveyance. Subsequently, A sold the same land to C, who knew of the first sale. As a result B brought this action against both A and C to enforce the contract. Defendants contend that the contract is unenforceable under the Statute of Frauds as enunciated in No. 2 of Art. 1403 of the NCC. Decide the case, stating your reasons.Q59 Assume that Cronos Group, a nondiscriminating monopolist of cannabis products finds that it can sell its 82nd unit of output for $12. We can surmise that the marginal Multiple Choice revenue of the 82nd unit is less than $12. revenue of the 82nd unit is also $12. revenue of the 82nd unit is greater than $12. cost of the 82nd unit is also $12. cost cannot be calculated from the data given.Three GenCos and three LSES (load serving entities) participate in a centralized electricity market. The market operator has received the following bids (to buy energy) and offers (to sell energy). Determine the market clearing price. Also determine the cleared quantity and settlement/payment for each company. Offers (to sell energy) Company ID (Quantity, Price) G1 (200, $15); (100, $20) G2 (80, $27) G3 (400, $10) Bids (to buy energy) LSE ID (Quantity, Price) L1 Inelastic load, no bid L2 (200, $22); (60, $14) L3 (100, $25)