epp_assignment02

10. If unskilled domestic workers and unskilled foreign workers are substitutes in the production process, then a more open foreign worker policy is likely to result in all of the following except: (A). The total supply of unskilled labor will shift outward.(B). The equilibrium wage rate in the market will decrease.(C). The total workforce will increase(D). The level of wages received by domestic workers will decrease.(E). The labor demand curve will shift to the right. Choose one of the answers from the five choices provided. And please, also provide a brief description, explanation or argument for your choice. Thank you Bartleby!

Please give a detailed solution with an explanation. Please make sure the graph is visible, clear, and detailed as possible and provide the coordinates for each point as well.

what bring about an increase in the number of a new product in the Nigeria market

A Moving to another question will save this response. Question 1 The world price of a computer is $500. The price of a computer in Brazil was $300 before opening the economy to trade. After Brazil opened the economy to trade, Brazil began importing computers and the price of a computer in Brazil increased to $500. exporting computers and the price of a computer in Brazil remained at $300. importing computers and the price of a computer in Brazil remained at $300. exporting computers and the price of a computer in Brazil increased to $500. A Moving to another question will save this response. MacBook Air O O

Economics **Please help** (with your approach to the answer) The company Paradis Inc. produces bicycles and its annual production reaches 50 000 units per year. It purchases wheels from an outside supplier at a cost of $15 each. The ordering costs are $500 per order while the annual storage costs per wheel are $2. The selling price of each bicycle is $200. Draw the curve to determine the economic quantity to be ordered.

France Germany Total Market PriceQuantity Quantity Quantity Quantity Quantity Quantity (per litre) Demanded Supplied DemandedSupplied Demanded Supplied 12 11 10 19 8 17 $424 519 615 712 810 99 13 12 14 15 4 16 17 15 6 18 17 Refer to the information above to answer this question. Assume that France and Germany enter into a free trade agreement (and there are no extra transportation costs, etc.) what are the equilibrium price and quantity of wine?

PROBLEM (5) (tariff) The domestic (US) demand and supply for soy is p = 80 - Qp and p = Qs+ 10 respectively. US market is very small relative to the world market, and the world (equilibrium) price is $20. Draw one graph for the market marking all intercepts and intersections to help you with (a) and (b) below. (a) If there is NO trade, what is the CS, PS, net domestic benefits, DWL? (b) If there is free trade, what is the CS, PS, net domestic benefits, DWL? How many units are imported? Now the state imposes a tariff of t dollars per unit. (c) What should be the tariff amount t to maximize tariff revenues? In this case, what is the DWL? (d) What should be the tariff amount t so that consumers and producers equally well off (CS equals PS)? (e) What should be the tariff amount t to maximize PS? (f) What is the most efficient tariff amount t? What is the least efficient tariff amount t? (i.e. that minimizes and maximizes DWL respectively.)

A semiconductor is a key component in your laptop, cell phone, and iPod. The table provides information about the market for semiconductors in the United States. Producers of semiconductors can get $18 a unit on the world market. Price (dollars per unit) Quantity demanded Quantity(billions of units per year) Quantity supplied(billions of units per year) 10 25 0 12 20 20 14 15 40 16 10 60 18 5 80 20 0 100   Draw a graph (graph is for your own reference, not required to be attached in the answer sheet) to illustrate the U.S. supply and demand market for semiconductors. What is the price with free international trade? What is the quantity of semiconductors produced in U.S. and total quantity bought by U.S. people and the quantity exported from other countries? (3 marks) Due to loss of competitiveness brought on by appreciation of the exchange rate and the high production costs, U.S. government reduce the export (or limit the…

Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in the grey field will change accordingly. PRICE (Dollars per gallon) 12 10 8 2 + 0 0 Supply Demand 15 30 45 60 75 90 105 120 135 QUANTITY (Millions of gallons) The market price of milk without government intervention is $ Graph Input Tool Price (Dollars per gallon) Quantity demanded (Millions of gallons) Surplus (Millions of gallons) per gallon. 112 0 Quantity supplied (Millions of gallons) Shortage (Millions of gallons) 22 90 Consider legislation that doesn't allow the price of milk to be below $9 per gallon and stipulates that the government buy any surplus milk produced at million gallons of milk, which would cost the that price. In order to raise the price to $9 per gallon, the government would need to buy government $ million. Suppose there are only a few dairy…

Question 3 (a) Controversy sometimes surrounds the prices and output determined by free markets through demand and supply. As a result the government will intervene in terms of price ceiling, price floors and minimum wage rates. In your own words, explain and discuss whether you agree or disagree with such interventions compared to the free market?

Explain why price controls have resulted in shortages of basic foodstuffs in the shops in Venezuela. Use a demand and supply diagram to support your answer

If C$1.00 rises from ¥87.94 to ¥89.78, what will be the change in the C$ price to an importer of a ¥2,965,000 car? Price change CS (Click to select) v

listen to this The Economist, Adam ruins everything video, and a few other articles about using a market to help animal conservation using trophy hunting. Please write a 1 to 2-page paper about how the program alters how people look at different animals. Paper requirements: Size: 11 Font: Calibri Spacing: Double Length: 1-2   Paper Questions: Adam ruins everything: https://youtu.be/cQh-f1rBjx4 The Economist: https://youtu.be/9y7YFjisSTg Vice article: Link Questions you must answer, you may write a standard paper, or you can answer the following questions in bullet point form. You must write it in an easy-to-read form regardless of how you choose to do it. What is trophy hunting? Is trophy hunting the main reason animals are being killed off? Why is there demand for exotic animal parts? How does this impact animal deaths? https://www.vice.com/en/article/akgb3a/rare-rhino-horns-worth-78-million-burnt Please describe how the program works. Walk me through all the steps. What issues do…

Why is there a price hike in sugar in the Philippines?

What are the theory/theories that provide an explanation for the reason for cause and consequences of rising food price within a country.

Y axis (PRICE) $4.50 $3.50 s1 $2.50 $1.50 D2 D1 X axis (QUANTITY) 10,000 20,000 r: Based on those findings what do you recommend for next month? Would you increase the production of toilet paper to meet demand? Would you decrease the production? Would you keep production at the same level?

IV. APPLICATION 2. A recent typhoon hit the Philippines where most of the raw materials are produced. What non-price determinants will affect the supply and in what way? How will it affect the country’s economy?

Fill in the blank with the corresponding options. Be sure to type them exactly as they are written in the 'blue' text to receive credit for your answers. Do not include the apostrophes ('). ('supply' or 'demand') curve will As more elderly people move to Tampa, the shift ('right' or 'left') for health services, such as memory disorder clinics and assisted living communities. This will cause the market price of health services to ('increase' or 'decrease') and the market quantity to ('increase' or 'decrease'). This shift will be reflected as a ('movement along' or 'shift of') the other curve.

1) Answer these cases. a) Frannie is a farmer who raises corn as his main cash crop. Recently, domestic corn sales in the United States have hit an all-time low, and Frannie’s business is really struggling. Most corn is being imported from Mexico, and local farmers like Frannie cannot compete with the low prices. Frannie and other farmers ask for governmental help with this problem. One way that the government can address the problem and help American farmers is to: options: -impose a tariff on the sale of corn from Mexico.   -nothing; the government cannot interfere with free trade.   -prohibit all trade with Mexico.   -prohibit all corn sales from Mexico.   b)  Tyrone, a U.S. citizen, works for U.S. Oil at its production plant in Iraq. Tyrone has been with U.S. Oil for fifteen years and has always received excellent evaluations. Tyrone applies for a promotion with U.S. Oil to a supervisory role but is not hired for the position. The person hired for the position…

Question 3: Using the following information, compile the Supply and Use table and the Production account for Bestland: a. The agriculture sector imported Dasheen $6000 and 50% is used by the farmers. b. Household purchased 10% from the agriculture sector while the Manufacture sector purchased 30% to produce Dasheen Chips. A production tax of $440 was applied to the manufacturing sector c. The remaining percentage was bought evenly by the tourism and the private sector. d. Wages paid to workers in the manufacturing sector $700 e. Goods Favorland purchased chips from Bestland worth $2000 (18 marks)

Provide examples and/or latest news or updates of the supply and demand in USA

How would the equilibrium quantity and price of smartphones be altered if the prices of their electronic components increase, and labor costs to produce them rise, while alternative communication methods become more accessible and user-friendly?    (A) Quantity will fall, and the effect on price is ambiguous.    (B) Price will fall, and the effect on quantity is ambiguous.    (C) Quantity will rise, and the effect on price is ambiguous.    (D) Price will rise, and the effect on quantity is ambiguous.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

What is the transportation cost for Grocery delivery in Australia? explain.

How was the percentage change in US price calculated?

Question 1 Consider the market for minivans. Indicate the impact if any on demand, supply, price and quantity: (a) People decide to have more children. (b) A strike by steelworkers raises steel prices. (c) Engineers develop new automated machinery for the production of minivans. (d) The price of station wagons rises. (e) A stock-market crash lowers people’s wealth

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Confused and don’t know what steps to take to solve

Suppose country B is a small export country (price taker) in the world market of lamp trade. Its domestic demand on and supply for lamp are: D＝18－P, S＝－12＋2P. The world market price of lamp is 14. (a)  Calculate the equilibrium price and quantity of lamp in country B before trade. (c)  Calculate B’s quantity of exported lamp under free trade. (c)Draw graph and calculate the net welfare effect of free trade on B’s consumers, producers and the whole country.