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.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 22:10, angellynn581

3. now assume that carnival booked lady antebellum in december 2016 to perform on the june 2017 western caribbean cruise. further assume that carnival pays lady antebellum its entire performance fee of $52,000 on december 28, 2016, for the june 2017 cruise. what journal entry will carnival make on december 28, 2016, for its payment to lady antebellum?

Answers: 1

continue

Business, 21.06.2019 22:20, arijade1391

Why should you not sign the tenant landlord agreement quickly and immediately

Answers: 1

continue

Business, 22.06.2019 19:50, alexdziob01

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?

Answers: 2

continue

Business, 22.06.2019 21:10, ray1840

Ahospital purchases a $500,000 magnetic resonance imaging (mri) machine that has a useful life of 9 years. the salvage value at the end of 9 years is $77,000. (a) write a linear equation that describes the value y (in dollars) of the mri machine in terms of the time t (in years), 0 ≤ t ≤ 9. (b) find the value, in dollars, of the machine after 6 years. $ (c) find the time, in years, when the value of the equipment will be $140,000. (round your answer to two decimal places.) yr

Answers: 2

continue

You know the right answer?

The nation of textilia does not allow imports of clothing. in its equilibrium without trade, a t-shi...