Business High School

The figure shows the U.S. market for 1 carat diamonds. The free trade, the price
in the United States for diamonds is equal to___
and with the quota
illustrated in the figure, the price in the United States is equal to___

A. $2,000;$2,000
B. $2,000;$3,000
C. $2,000;$4,000
D. $4,000;$2,000
E. $4,000;$3,000

The Figure Shows The U.S. Market For 1 Carat Diamonds. The Free Trade, The Pricein The United States

Answers

Answer 1

Answer:

Option E ($4,000; $3,000) is the appropriate alternative.

Explanation:

Assuming that America pursues a policy recognized as free-trade by imposing no limits against diamond exportation as well as importation, the amount of those policy balance shall be towards the particular moment whenever domestic supplies exceed domestic demand, in other words, $4,000. This same amount of balance would be at a stage wherever American production crosses the domestic production with something like a quota limit of $3,000 unless the U.S sets the allocation.

Some other possibilities don't relate to the type of situation in question. The answer, then, is the right one.

Related Questions

Describe the difference between debt capital and equity capital.

Answers

Answer:

Explanation:

Companies borrow debt capital in the form of short- and long-term loans and repay them with interest. Equity capital, which does not require repayment, is raised by issuing common and preferred stock, and through retained earnings. Most business owners prefer debt capital because it doesn't dilute ownership

HELP!!!
What is the opportunity cost of increasing shoe production from 10,000 to
20,000 pairs? What is the opportunity cost of increasing shoe production from
50,000 to 60,000 pairs? Compare the two opportunity costs, and explain why they
might differ.

Answers

Answer:

About 250 ; 2000 bicycles

Explanation:

Opportunity cost simply means the loss incurred on a certain option when the alternative opruoonos chosen.

The opportunity cost of increasing shoe production from 10,000 to 20,000 pairs

The value of 20,000 (x axis) on the y axis is about 3750

Value of point A in the y - axis = 4000

Hence opportunity cost = (4000 - 3750) = 250 bicycles

B.)

The opportunity cost of increasing shoe production from 50,000 to 60,000 pairs

The value of 60,000 (x axis) on the y axis is about 0

Value of point B in the y - axis = 2000

Hence opportunity cost = (2000 - 0) = 2000 bicycles

Other Questions
Ahmad_____tow languages.speakspeaksspeaking PLEASE HELP ASAP Will MAKE BRAINLIST -2(v - 2) = -3 2v how to represent with an integer mary moves 3 steps backward as she dances What is the y-intercept of y=5x-2 Someone please helppppp! a boy and a girl who is more important, give 2 reasons each The Beechcraft 1900D is a commuter airplane with a fuel capacity of 665 gallons. The function that represents how the amount of fuel changes as a function of distance flown is f(x)=0.9x+665, where x represents miles flown, and f(x) represents the amount of fuel remaining. What is the rate of change for this scenario? The price of milk increases. What happens to the supply of ice cream? (subject: Economics) Help me Plz!!! How long does it need to keep $600 in an account that pays 2.75% annual simple interest to earn $264? Being a poor sport only applies to those teams that lose a competition. Please select the best answer from the choices provided. T F The US presidential election of 1828 was a narrow victory for Andrew Jackson. narrow victory for John Quincy Adams. landslide win for Andrew Jackson. landslide win for John Quincy Adams. A room is 5m 40 cm long3m 75cm wide.Find the area of the carpet needed to coversee floor how did the naturalization act change the residency requirement? pleasee i neeeed help someone help me i need it ASAP!!!!!!!!!!!!!!!!!!!!!!! Students are completing an investigation on types of heat transfer. For one part of the investigation, they place their hand on a cool window and feel the difference in thermal energy. When they are touching the glass, what type of heat transfer are they experiencing?a .Conductionb. Convectionc. Radiation The local newspaper has letters to the editor from 80 people. If this number represents 5 % of all of the newspaper's readers, how many readers does the newspaper have? Define area. Give an example of how it is used in the real world. What label (units, units 2 , or units 3 ) is used for it? btw i'm not in college im in middle school Can Somebody Tell Me What A Narrative Essay...I Need The Simple Version Like I Don't Get It??????? This parallelogram has 4 equal angles, butnot 4 equal sides. What is its name?