Business, 30.03.2021 17:50 lowkeyqueenk
Cockatoos are a kind of parrot that are often caught in the Australian wild and smuggled into the U. S. for sale on Craig's List as pets. This is illegal, but it happens anyway and the market is perfectly competitive. Suppose that the cost of capturing a cockatoo and transporting it to the U. S. is about $50 per bird. Typically, they are drugged and smuggled to the U. S. in suitcases. Half of the smuggled cockatoos die in transit. Each smuggled cockatoo (whether dead or alive) has a 20% probability of being discovered, in which case the cockatoo is confiscated and the smuggler is fined. If the fine imposed for each smuggled cockatoo is $1,000, then the equilibrium street-price of cockatoos in the U. S. will be:
a. $433.33
b. $500.00
c. $250.00
d. $50.00
e. $625.00
Answers: 2
Business, 22.06.2019 21:00
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Business, 22.06.2019 21:50
scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.
Answers: 1
Business, 22.06.2019 22:50
Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.
Answers: 2
Business, 23.06.2019 02:10
Ben is the owner of a small organization with a few employees. he plans to have a data warehouse for the limited number of users in his organization. which data warehouse is most suited for ben's organization? o a. lan-based o b. stationary o c. distributed od. virtual
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Cockatoos are a kind of parrot that are often caught in the Australian wild and smuggled into the U....
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