Discuss the advantages and disadvantages in participating in international trade

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Q: 31. A company produces a certain commodity. The labor and material cost for each item produced is…

A: Solution:-  Let the number of units be x Therefore,  Total labor and material cost = P65 * n Other…

Q: 21. If a country decreases the external value of its currency, it will affect: a. General price…

A: when the currency value decreases in the foreign exchange market, the domestic economy will able to…

Q: I. Suppose the Fed creates a new electronic dollar. This new system allows everyone to make and…

A: In the IS-LM model, IS curve shows equilibrium in the goods market and the LM curve shows…

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A: The measure that depicts the total output amount that a firm could be a product with the amount of…

Q: If firms in the market are producing output but are currently making economic losses, P illustrates…

A: In economics, the marginal cost of production is the change in total production cost that comes from…

Q: Which of the following trade policies limits specific quantity of goods to be imported at one tariff…

A: In an economy, there are various methods to reduce the amount of goods and services imported by the…

Q: By the condition of a will, the sum of 25 000 pesos is left to a girl to be held in trust by her…

A: Present value = 25000 Future worth = 45000 pesos Interest rate = 8 % compounded quarterly Quarterly…

Q: 1

A: The labor force is the summation of unemployed workers and employed workers. The employed workers…

Q: Say that the marginal revenue brought by hiring a worker is at P600/day, and the minimum wage is…

A: Given:Marginal revenue of hiring a labor=P600/dayMinimum wage=P537/day

Q: (d) How many kilos of coffee should Dalia roast if she wants to maximize her profits? Give your…

A: We have MR = 21-1.4Q MC = 12+0.6Q

Q: P=21 - 0.7 Q price per kilo and Q is the kilos of coffee demanded and her total costs are given by…

A: A firm produces at the output level where MC equals MR in order to maximize profit.

Q: Od. $20 16. C. $16 6$ 9 0 181 ATC The profit-maximizing price for Grey's electrical service, a…

A: Monopoly is a single seller in the market selling unique good.

Q: Suppose there is a firm with at least some market power that supplies the same product to two…

A: The concept of price elasticity of demand is crucial to examine.

Q: What factors affect a person’s choice of careers?

A: The main purpose of managerial economics is to assist people in making better decisions.\Making a…

Q: Suppose a firm with a production function given by Q = K0.4L0.6 produces 100 units of output. The…

A: The production function is as follows:- Q = K0.4L0.6 Production to be done is 100 units. Thus,…

Q: In a representative Real Business Cycle model, with capital stock in period t+1 defined by

A: Effective investment refers to the net addition to the capital stock of economy which is measured by…

Q: 1) If a $2,000 one-year bond pays $170 in annual interest, the interest rate on this bond is (do NOT…

A: Bond is the the form  of debt issued by the government or corporate sector to raise capital from the…

Q: Premature-birth Risk Found Higher for Teens (reported in the Sacramento Bee, April 27, 1995, p. A7)…

A: The term "relative risk" refers to the comparison of hazards between two groups, namely the exposed…

Q: In case of excess demand, we should______________? Increase the demand Increase the export Increase…

A: In case of excess demand, we should Increase the exports in the economy as the people are able to…

Q: Question 27 Calculate the Required Reserves given the following information. rrr .09 %3! Total…

A: Require reserves are the reserves that commercial banks hold as per the requirement of central bank.

Q: How is the producer price index related to the consumer price index?

A: Inflation is described as a steady rise in the prices of almost all goods and services generated by…

Q: Considering the growing potential threat of terrorists' attacks worldwide, the President of an…

A: Aggregate demand refers to a total demand of an economy and aggregate supply is a total supply

Q: A single bank must meet a 20 percent reserve ratio. If the bank has no excess reserves initially and…

A: Money Created = Multplier*Amount of Money aadded Multiplier =  1/reserve ratio = 1/20 = 5

Q: Given the data for two alternatives, choose the better alternative using the B/C ratio analysis.…

A: The correct answer is given in the second step.

Q: 17. When a large country imposes an import tariff on good X O a. Domestic production of good X…

A: When quantity demanded exceeds quantity supplied the country will import the good because it has the…

Q: The present worth of all the cashflows of handmade earthen pots are shown until the end of year 8 is…

A: In this scenario, we have to find future value from present value.

Q: We're leaving the competition behind! Cuppy's Coffee Drive Thru Cafe is the only coffee outlet…

A: The market is a location where the transaction of services and commodities takes place. It is…

Q: perfectly competitive market where other firms charge a price of $110 per unit. The firm estimates…

A: Given, Price = $110 TC = 70 + 14Q + 2Q2 MC = 14 + 4Q

Q: Depending on whether Brian and Edison both choose to fish either nonintensively or intensively, fill…

A: Any resource that is scarce and provides users with tangible benefits to which no person has an…

Q: How do you convert a series of nominal economic data over time to real terms?

A: When studying economic statistics, it's critical to understand the difference between real and…

Q: What does it mean by "A fundamental debate" when pertaining to strategizing with corporate social…

A: The phrase "corporate social responsibility" (CSR) was coined in response to global concerns such as…

Q: 2. Using the aggregate demand and supply model (AD & AS), begin with an economy in a recession…

A: The total quantity of demand for all completed items and services produced in a given economy is…

Q: What is the relationship between supply and demand?

A: Supply and demand is an economic model of price setting in a market in microeconomics.

Q: Consider a graph of a natural monopoly: MC C MR mire where a=23; the slope of the inverse demand is…

A: Natural Monopoly are the firm which has large fixed cost and operate at economies of scale .  Profit…

Q: In a representative Real Business Cycle model, with capital stock in period t+1 defined by SK

A: Effective investment refers to the net addition to the capital stock of economy which is measured by…

Q: What are the major industries in Canada

A: Canada has sizeable industries including automobile, aircraft, energy, power, and technological…

Q: XERCISE-3 EPRECIATION AND DEPLETION A tractor costs P800,000 and whose salvage value is P40,000…

A: Rate of depreciation =100/10=10% 1st year depreciation =800,000*10%=80,000 2nd year depreciation…

Q: If two persons are trading in two different categories, he would get best output from one and a…

A: Trade refers to a core economic concept that is basically the buying and selling of commodities and…

Q: 1) Assume an economy without population growth or technological progress. Their production function…

A:

Q: 2. Categories of goods Complete the following table by selecting the appropriate definition for each…

A: Non Excludable is that good that can't exclude a certain person from consuming that good infact it…

Q: onsumer confidence in the economic outlook increases. i) the short run effect on the price level…

A: When the consumer confidence increases, the aggregate demand increases due to enlarged…

Q: HW#1: Ricardian Theory of Trade - Assignment Use the following assumptions to solve this assignment:…

A: Hi! Thank you for the question. As per the honor code, We’ll answer question number 4 only. Please…

Q: at happens to the firm's marğinal revenue as it sėlls additional unit =ct one: a. Marginal revenue…

A: A monopolist can't generally discriminate impeccably between purchasers, since it doesn't have a…

Q: Suppose you estimate the folilowing regression model: AW E = 696.7 + 9.6 x AGE where AWE is average…

A: Answer: Given, Regression model: AWE=696.7+9.6×AGEWhere,AWE=average real weekly earningsAGE=age of…

Q: Which of the following actions by the Bank of Canada would result in expansionary monetary policy?…

A: The policy that controls the quantity of money being available and channels through which new money…