Consider a small country that exports steel. Suppose that a "pro-trade" government decides to subsidize the export of steel by paying a certain amount for each ton sold abroad. 1. How does this export subsidy affect the 1. domestic price of steel, 2. the quantity of steel produced, 3. the quantity of steel consumed, and 4. the quantity of steel exported? 2. How does it affect 1. consumer surplus, 2. producer surplus, 3. government revenue, and 4. total surplus? 3. Is it a good policy from the standpoint of economic efficiency? (Hint: the analysis of an export subsidy is similar to the analysis of a tariff)

Q: 4. For MARR of 6% and each alternative having a life of 20 years with no salvage value and cost…

A: We will find the present worth of all three alternatives and then the alternative with the greatest…

Q: Illustrate the market demand curve for Pepsi Industry if the quantity demanded is lower when the…

A: Law of demand states that there is an inverse relationship between price and quantity demanded.

Q: Explore the role of demand curves and the price elasticity of demand.

A: Elasticity of demand is the responsiveness of quantity demanded due to change in price or other…

Q: How do countries in the region respond economically and politically to globalization?

A: Globalization is the rapid movement of people, goods, and services around the world, as well as…

Q: Suppose in an economy with a tariff on the import of sugar, if the domestic demand for sugar…

A: Given

Q: Good day! I need your help tutor please answer the question attached below. The answer is already…

A: Given that; A corporation is thinking about buying a machine that will save them $210,000 per year…

Q: Q10 needed Q8 pic is just for reference Question 10 Refer to Table 5-1 and the firm in Question 8,…

A: In perfect competition, eqm Q(quantity) is found by the intersection of MC(marginal cost) and…

Q: Alternative A Alternative B Capital investment $1,114,000 $473,000 $104,100 Net annual receipts…

A: In simple words we can say that the Captain Investment is known as that expenditure of money for…

Q: Which of the following(s) is (are) weakness(es) of the GDP in reflecting the standards of living of…

A: Gross domestic product is the total market value of product produced domestically during the year.…

Q: make an item in-house, equipment costing $250,000 must be purchased. It will have a life of 4 years,…

A: Breakeven point is that point where there is no profit no loss or revenue is equivalent to expenses.…

Q: Assume that in the competitive market for pizzas, the demand function is linear. Suppose you know…

A: Equilibrium occurs at the intersection point of the demand and supply curve.  Consumer surplus is…

Q: What are the obstacles and influences that affect the euro market?

A: The Euro, the European Union's new currency, entered into force on January 1, 1999. The Euro was…

Q: Suppose that the government believes the economy is not producing goods and services at its optimal…

A: Answer is given below

Q: An economy produces three products, bags, computers and shirts. The prices and quantities of these…

A: GDP estimates the market value of an economy's final products and services generated over a certain…

Q: True or false, Simpson argues global corporations enhance economic freedom and their power…

A: Globalization means increasing the reach of imports and exports on a global level. It is the only…

Q: Which of the following is an example of a microeconomic issue? A.  The unemployment rate is…

A: Individual economic units are studied in microeconomics. Macroeconomics is an economics branch that…

Q: b) Explain how borrowing constraints can impede the process of consumption smoothing. If many…

A: In the short run, the simple Keynesian model assumes that goods prices remain constant and that the…

Q: Question 6 Suppose a firm in a competitive market reduces its output by 20 percent. As a result, the…

A: A competitive firm is one that operates its business in market with high competition as all the…

Q: If non-chequable savings accounts are equal to R216 600, M1A equals R560 000, cheques, transmission…

A: The money market deposit account can be calculated by calculating the value of the M2 measure of…

Q: Figure 3 Use this figure for questions 29-32. Price MC ATC Demand 140 123.33 90 56.67 100 133.33…

A: * ANSWER :-    From the given information the answer is provided as below as ,

Q: The table shows the daily production of Papaya Co., that supplies papayas to hotels and restaurants…

A: MP(marginal product) is the change in TP(total product) when an extra unit of labor is employed.…

Q: For a perfectly competitive firm, profit maximization happens at: A. P=MC B. AR=MC C. MR = ATC D. MR…

A: A perfectly competitive market is the special type of market where a single firm cannot influence…

Q: Question 22 Which of the following is not a reason for the existence of a monopoly? Group of answer…

A: Monopoly is a market structure characterized with a single seller that has complete market control.…

Q: what is macroprudential regulation? how does it differ from microprudential regulation? outline the…

A: To prevent another global financial crisis like 2007-09, which exposed banks' and other large…

Q: Economics In 2020 there was a sudden drop of market liquidity when lockdowns were first declared.…

A: During the era of year 2000 the return from the treasury bonds were low and at that time the…

Q: Please help. Can you draw a model or IS-LM (income spending money demand and supply model)…

A: IS-LM Model  IS-LM model is used in economics to show the relationship between the interest rate…

Q: In not less than five sentences, explain ONE risk that a banking company is exposed to and how do…

A: A banking firm is a financial institution that receives deposits and invests the funds in lending…

Q: 8. Decide whether you agree or disagree with each of the following statements and explain your…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: The demand curve and supply curve for one-year discount bonds with a face value of $1.050 are…

A: First convert the demand function in Q form: P = -0.8Q+ 1160 0.8Q = 1160 - P Q = 1160 / 0.8 - P/0.8…

Q: Explain the contention that in the absence of the tax advantages of debt the use of gearing can…

A: Expected rate of return from a monetary speculation is the normal worth of its return. It is a…

Q: The council members of a small town have decided that the earth levee that protects the town from…

A: The measure that depicts the current value of cash flows or stream of income at a specified rate of…

Q: Two players: The employee (Linda) and the employer (Vera). Linda has to choose whether to pursue…

A: Dear Student as you have posted multiple sub-parts in a question but according to our policies and…

Q: Question 34 In a market economy, the supply and demand framework shows that people who supply the…

A: The supply curve denotes the relationship between the price of the good and the quantity of the good…

Q: 9. Consider the following firms, and assume that Hong Kong is our domestic economy. Foreign Car…

A: Answer   GDP = It is the sum of all the products and services produced in a country in a year. GNP =…

Q: Question 1 Which of the following is not a characteristic of a perfectly competitive market? Group…

A: A market system with a large number of firms and commodity buyers is known as perfect competition.…

Q: Explain the nature of production.

A: Production is the process of conversion of raw materials into finished products.

Q: correctly

A: The formula for terminal growth in FCF is FCF *(1+g)/(k-g) where FCF is the terminal years cash…

Q: Consider the Dutch floricultural Industry and use the porter's diamond model to explain the…

A: The Porter's Diamond Model is a precious stone formed structure that explains the parts that can…

Q: 2. Output and Growth (a) Indicate whether the following statement is true, false, or uncertain and…

A: Dear learner you have posted multiple questions, which include, production function, labour market,…

Q: If the price elasticity of demand for gasoline is 0.3, and the current price is $1.20 per gallon,…

A: Demand equations are estimated by means of the consumption analysis of a consumer and we can do this…

Q: Direction: Use the given data to answer the requirements below. Qty. Price TC TR Profit MR 0 40 30 2…

A: Qty Price TC TR Profit MR MC 0 40 30         2 35 50         4 30 100         6 25 160…

Q: Question 1 (a) Consider an AD-AS model with Static Expectations. Show how changes in monetary…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Question 35 The main difference between monopolistic competitors and perfect competitors is that…

A: A monopolistic market and a perfectly competitive market are 2 market formation that have various…

Q: Let the slope of MR curve of a monopolist be -1/2. MC=5. After a tax at the rate t=5 per unit of…

A: Given  The slope of the MR curve = -1/2 MC=5 Let the marginal curve is MR =a -0.5Q     ... (1)

Q: Question 39 Modeling a cartel as a prisoners’ dilemma game shows that ____________________ may be…

A: Cartel is when firms join hands in order to maximize the industry's profits.

Q: Consider the economy of MadibazVille MadibazVille does not trade with the rest of the world. [Note:…

A: In a closed economy:- GDP=Y=C+I+G here Y=3K0.5L0.5 C=150+0.75Y-T I=210-5r G=500 K=1600 L=81 and…

Q: Q1. Consider the adverse selection model, where the ability of each worker, 0, can be 1, 2 or 5.…

A: Ability of each worker = 1, 2,or 5 Probability associated to each = (1/3,1/6,1/2) Reservation Value…

Q: Consider the market for a good shown in the graph below. If the price of the good is set at $2,…

A: Equilibrium is achieved where demand intersects the supply

Q: Question 1 Which of the following characteristics is required for a perfectly competitive market?…

A: In a perfectly competitive market, no one has the market power to determine the price of the…

Q: What are the factors that characterize the developing countries. Make a summary on the different…

A: The business environment can be explained as the external surrounding of the business that directly…