Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The domestic demand curve for portable radios is given by Qd = 5000 - 100P, where Qd is the number of radios that would be purchased when the price is P. The domestic supply curve for radios is given by Qs = 150P, where Qs is the quantity of radios that would be produced domestically if the price were P. Suppose radios can be obtained in the world market at a price of $10 per radio. Domestic radio producers have successfully lobbied Congress to impose a tariff of $5 per radio.
a) Draw a graph illustrating the free trade equilibrium (with no tariff ). Clearly illustrate the equilibrium price.
b) By how much would the tariff increase producer surplus for domestic radio suppliers?
c) How much would the government collect in tariff revenues?
d) What is the deadweight loss from the tariff?
Based on the information below about the production structure, explain whether the technology used demonstrates constant returns to scale (CRS) or increasing returns to scale (IRS) property. The labor cost of production of Q units of a good is give..
Would such an agreement be an equilibrium?
the capital investment cost for a switchgrass-fueled ethanol plant with a capacity of 250000 gallons per year if 1.4
Jeff holds $50,000 wealth which has a utility of 7.07 utils (assuming utility is the square root of wealth in thousand dollars). He considers investing this in a gamble which has a 0.6 probability of increasing his total wealth to $100,000 and 0.4..
A $50,000 corporate bond is due in 20 years with an interest of 10% per year. Payable quarterly is for sale for $50,000. If an investor purchases the bond and holds it to maturity, calculate rate of return (ROR).
Solve Tracy's problem of how often to go to the ATM when nominal interest rate on her bank account is 10%, she spends $30 each day, it cost her $0.50 each time she uses the atm, and she thinks that there is a 15% chance.
What is the long-run cost and long-run average to produce 120 units 180 units 240 units are there economies the output range 120 to 180 are there diseconomies between 180 and 240 Q L K 120 4 20 180 6 ..
MPS= 40 with no government and no foreign trade a 10 billion dollar increase in investment will enventually result in an increase in consumption or spending and how much
an auto assembly plant for their new Lazer Razer Sports Sedan in DeSoto Illinois. They will finance this project by issuing bonds of $1000 each. The bonds will mature in 5 years. You will be calculating what rate of interest you should expect
what it is doing, given its high cost. You consider paying them some amount per period so that they would stop producing in this market. Based on (b) and (c), what is the highest amount you are willing to pay them per period, including any transac..
Suppose a person with an income of $60,000 per year rents 52 movies per year at a price of $1 per movie. When the person's income rises to $65,000, he or she rents 63 movies per year at the same price per movie. What is the implied income elastici..
What component of demand fluctuates the most?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd