Which of these scenarios describe circumstances of trade dumping? Note that all values are in United States (U.S.) dollarsfor ease of comparison and that there are no transportation costs.A French firm manufactures cheese for $5 per pound. They sell it in France for $7 a pound, but in the United States for$5 per pound.An Indian firm produces cars for $7,000 each and sells them in the United States for $6,000.A Chinese fish farm can produce Tilapia at $1 per pound, while U..S fish farms produce the fish at $4 per pound.Imports of Chinese Tilapia are sold in the United States for $3 per pound, undercutting domestic producers.A U.S. firm buys $100,000 shares in a Japanese electronics company and sells them for $80,000 two weeks later.Why might a firm engage in dumping?The firm is trying to improve relations with a foreign country government.The firm is reacting to market forces that have driven the price level to below production costs.The firm is trying to be an equal competitor in another country.The firm is trying to undercut foreign competitors in order to drive them out of the market in the long term.

Trade dumping, in international trade, refers to a situation where a country or company sells a…

Answered: A French firm manufactures cheese for…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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OUTPUT AND PRICES IN QUEENTUCKY, ARIZONA This Year’s Output This Year’s Price 800 pairs of Converse $10 per pair 2,000 gallons of Dr. Pepper $2 per gallon 200 pairs of Vans $15 per pair 5,000 lbs. of wheat $5 per pound Queentucky produces 4 final goods: Converse, Dr. Pepper, Vans and wheat. (b) Assume that in Queentucky the GDP deflator/CPI index is 100 in the base year and 125 this year. Calculate the following: (i.) The inflation rate, expressed as a percentage, between the base year and this year. 40% (ii.) This year’s real GDP 32,000 (c) A worker is negotiating a raise with her employer. Based on the inflation rate you calculated in (b)(i), if the employee is given a cost-of-living-adjustment (COLA) of 10% to her salary, what will happen to her real wage? Explain. Answer question C?
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From the figure, find the market boundary.
The law of demand states that as the price of a good increases: more of it is produced. O buyers desire to purchase less of it. O government will start to regulate it. O suppliers wish to sell less of it.
Table 24-1 Price Quantity Total Cost $10 10 $80 9 15 85 8 20 95 7 25 110 6 30 140 5 35 175 40 215 Refer to Table 24-1. A monopolistic competitive firm earns a total profit of a. $65 Ob. $20 ○ c. $50 Od. $40 when it produces the profit maximizing level of output.
"A chipboard company has 4 factories, Mazatenango, Retalhuleu, Escuintla and Xela. It has four major distributors of its chipboards, which are distributor 1, distributor 2, distributor 3 and distributor 4: Mazatenango Retalhuleu Escuintla Xela DEMAND D1 10 16 19 12 350 D2 12 10 18 15 300 D3 15 22 10 10 250 D4 20 10 12 20 200 SUPPLY 150 150 350 250 1) Formulate the problem as a transportation problem, solve it with the three methods and find the optimal cost for this problem. methods and find the optimal cost for this transportation problem. (remember to go through all possible routes). IN THIS CASE USE MINIMUM TRANSPORTATION COST - LEAST COST METHOD
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Suppose a farmer is a price taker for soybean sales with cost functions given by the following:TC = 0.197 +29 + 30MC = 0.2q +223. The firm's supply curve is given by? a) q = 5 P-10b)9 = 0.2P+2c)9 = 10P-2d) q = 2P-524. If P = 6, the profit - maximizing level of profits isA)$10 b) $20. c)$30. d) - $10.
The government of Australia has embarked on various policies such as Job Keeperand the provision of subsidies to firms in order to reduce the severity of COVID 19 on theeconomy. Suppose the money supply expands such that the Reserve Bank predictsthat the economic expansion is not sustainable.Use two diagrams one for the money market and another for the goods and services(Aggregate Demand and Aggregate Supply model), to explain the policy that theReserve Bank can adopt in order to overcome the effect of increasing the money supplyon the economy.Assume that: the money supply increased from the equilibrium of AUD 40 billion to AUD 70billion Interest was reduced to the interest rate of 1.5% as part of the stimulus packagefor the nation to overcome the effects of COVID 19. But the equilibrium interestrate is 4% Assume that equilibrium real GDP is AUD 60 billion Assume that inflation during the COVID crisis was at an equilibrium price of CPI 65 Assume that to overcome the inflationary…
company is buying mini computers. It costs Rs 5 lakh, and its running and maintenance costs are Rs 60,000 for each of the first five years, increasing by Rs 20,000 per year in the sixth and subsequent years. If the money is worth 10 percent per year, What is the optimal replacement period? Year 1 2 3 4 5 6 7 8 9 10 Running Cost 60,000 60,000 60,000 60,000 60,000 80,000 1,00,000 1,20,000 1,40,000 1,60,000

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