Reference no: EM131106951
ASSIGNMENT
Microeconomics
Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the "Assignment Format" page located on the Course Home page for specific format requirements.
Part A
Imagine that it is the year 2199. Technology has progressed at an incredible pace. The latest discovery is the plutonium engine, which is capable of converting plutonium, a by-product of nuclear fission, into fuel to power the nuclear reactors in our new form of transportation, the rocket-car. However, because the firm that invented the engine, the Futures Unlimited Corporation, already has a government license to control and distribute the quantity of this certain isotope of plutonium on the market, it is now conceivably in charge of a monopoly on plutonium-fueled transportation.
1. Describe the economic outcome of this single-price monopoly in terms of profit. Provide one (1) supporting fact to support your response.
2. Describe one (1) way that the Futures Unlimited Corporation makes output and price decisions.
Part B
1. Would consumers benefit more from a tariff or a quota on imports? Provide one (1) supporting fact to support your response.
2. Consider the following weekly production possibilities of gloves and hats in Panama and Russia:
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Russia
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Panama
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Gloves
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20
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180
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Hats
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80
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90
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a. What is each country's opportunity cost of producing gloves and hats?
b. If the countries could, should they trade? Provide one (1) supporting fact to support your position.
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Biased to come up heads three-fourths of the time
: There are three coins in a box. One is two-headed. One is fair. And one is biased to come up heads three-fourths of the time. A coin is selected at random, flipped, and shows heads. What is the probability that it was the two-headed coin?
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What percentage point can the issuance of additional share
: At what percentage point can the issuance of additional shares still qualify as a stock dividend, as opposed to a stock split?
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What is the market required return on this investment
: Virgo Airlines will pay a $4 dividend next year on its common stock, which is currently selling at $100 per share. What is the market's required return on this investment if the dividend is expected to grow at 5% forever
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Compute the book value of the common stock
: John stone Inc. has never paid a cash or stock dividend. There has been no change in the capital accounts since John stone began operations. The state law permits dividends only from retained earnings.
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What is each countrys opportunity cost of producing gloves
: What is each country's opportunity cost of producing gloves and hats? If the countries could, should they trade? Provide one (1) supporting fact to support your position.
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Time in europe in which reactionaries
: What's the period of time in Europe in which reactionaries ruled. During which there was a lot opposition and revolt from countries trying to establish their own freedom such as Poland and Greece.
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Create a new graph illustrating the market for water park
: Create a new graph illustrating the market for water park business for these two externalities. Label the demand curve, the social-value curve, the market equilibrium level of output, and the efficient level of output.nt of the externality?
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Determine an expression for the transfer function
: a) Determine an expression for the transfer function of the filter. (b) Hence find an expression for the frequency response of the filter. (c) Calculate the ratio when low-frequency gain of the filter is 40 dB.
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What is the return on your portfolio
: Your stock portfolio consists of only 2 stocks. You have $15,000 in Company A and $25,000 in Company B. What is the return on your portfolio
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