Describe the free trade equilibrium

Assignment Help Business Economics

Reference no: EM1349171

Q. As a painter $3 per gallon is 35 gallons of $105 per month. At $3.50 per gallon, drops to 20 gallons of $75 per month. Price range, the demand is relatively elastic. Calculation of Price Elasticity of Demand

Q. A nation is "small", unable to affect world prices. It imports peanuts at the price of $10 per bag. The demand curve is

D=800-20P
The supply curve is
S=100+10P

Describe the free trade equilibrium. Then compute and graph the following effects of an import quota that limits imports to 100 bags.

Reference no: EM1349171

Questions Cloud

Explain how this will impact the organizations diversity : Explain how this will impact the organizations diversity training - what will need to change? Provide specific elements of how you will handle the concerns of current employees

Modern school of thought-current psychological research : This posting selects a modern school of thought that has current psychological research that addresses efficacy of the treatment model.

Change is resisted - strategies for leading change : Show five to seven reasons why change is resisted, providing examples and identify a clear strategy for leading change, overcoming resistance to change, and generating positive organizational behavior.

Cost of manufacturing plant : My company plans to build a new manufacturing facility in 14 years. If my company estimates that today's cost is 543,219,876 and the annual inflation is 5%, how much will be the manufacturing plant cost in 14 years?

Describe the free trade equilibrium : Describe the free trade equilibrium. Then compute and graph the following effects of an import quota that limits imports to 100 bags.

Compute the variance of portfolio returns : Hyacinth Macaw invests 60% of her funds in stock I and the balance in stock J. The standard deviation of returns on I is 10 percent, and on J it is 20 percent.

Determining relevant per unit cost : Lewis Auto Company manufactures a part for use in its production of automobiles. When 10,000 items are produced, the costs per unit are:

Why change initiatives fail : Find an article that identifies at least one reason why organizational change initiatives fail in organizations.

Explain proposing research for mindwriter : Explain Proposing Research for MindWriter and the Exploration Phase and How do these questions in the research proposal lead one towards a tangible end result defined by either higher service quality

User Account

All Pages