Provides incentives for the utilize of ethanol in gasoline

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Reference no: EM1315190

Q1. "The United States simultaneously limits imports of ethanol for fuel purposes also provides incentives for the utilize of ethanol in gasoline which raise the price of ethanol by about 15 percent relative to Illustrate what is would be otherwise. We do, Elucidate however, have free trade in corn, which is fermented also distilled to make ethanol also accounts for approximately 55percent (%) of the cost. Illustrate what is the effective rate of protection on the process of turning corn into ethanol?"

Q2. Assume at the current level of labor used, MRP= $100 also MFC=$50. to maximize profits the firm should?

Reference no: EM1315190

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