subject
Business, 05.12.2019 02:31 bloom826

The nation of textilia does not allow imports of clothing. in its equilibrium without trade, a t-shirt costs $24, and the equilibrium quantity is 4 million t-shirts. one day, after reading adam smith's the wealth of nations while on vacation, the president decides to open the textilian market to international trade. the market price of a t-shirt falls to the world price of $16. the number of t-shirts consumed in textilia rises to 8 million, while the number of t-shirts produced declines to 2 million.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 13:10
Orange corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. today, the market interest rate on these bonds is 5.5%. what is the current price of the bonds, given that they now have 19 years to maturity?
Answers: 3
question
Business, 21.06.2019 16:30
]4. seiler company has the following information: materials work-in-process finished goods beginning inventory 300 400 500 ending inventory 700 900 1500 material purchase 7,700 cost of goods sold 15,600 direct labor 5,500 what was the manufacturing overhead for the period? a. $3,400. b. $4,300. c. $3,000. d. $5,500.
Answers: 2
question
Business, 21.06.2019 17:30
Which composition of transformations will create a pair of similar, not congruent triangles? a rotation, then a reflectiona translation, then a rotationa reflection, then a translationa rotation, then a dilationmark this and retumsave and exit
Answers: 2
question
Business, 21.06.2019 23:30
San ruiz interiors provides design services to residential and commercial clients. the residential services produce a contribution margin of $450,000 and have traceable fixed operating costs of $480,000. management is studying whether to drop the residential operation. if closed, the fixed operating costs will fall by $370,000 and san ruiz’ income will
Answers: 3
You know the right answer?
The nation of textilia does not allow imports of clothing. in its equilibrium without trade, a t-shi...
Questions