The market for pencils has a domestic demand equation P = 20-0.5Q, and a domestic supply equation P = 5 + Q, where quantity is measured in thousands. The world supply equation for pencils is Pw = 10. At the world price of 10, the domestic market will demand 20 thousand pencils. Fill in the blanks: 10 x thousand pencils will be produced domestically 0 x thousand pencils will be imported
Q: Please help me with this question correctly. Thank you
A: Referenceshttps://www.investopedia.com/terms/o/oligopoly.asphttps://www.investopedia.com/articles/fi…
Q: Problem 3-13 Duration Calculate the durations and volatilities of securities A, B, and C. Their cash…
A: The present value (PV) of each cash flow is calculated as:PV=CF⋅(1+r)−twhere:(CF) is the cash…
Q: None
A: In the graph titled 'Determining Monopolist Profit', there are several elements that are key to…
Q: Which type of risk can be affected by outside factors such as natural disasters or power outages?…
A: In order to answer this question, we first need to understand what each type of risk…
Q: A farmer producing two commodities has a profit function: П(91,92) = -50+4q1-2q+3q2 - 92 - 9192…
A: To solve for the optimal levels of q1 and q2 that maximize the profit function, we need to…
Q: Subject: Engineering Economics Please write handwritten Answer And Explain Briefly Please don't…
A: Referenceshttps://www.investopedia.com/ask/answers/012715/what-causes-oil-prices-fluctuate.asp
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Concept: The supply of a product is determined or influenced by a number of factors. One important…
Q: None
A: Step 1:The entire benefit for one car is $20 here. The overall benefit for two cars is $36.Benefit…
Q: A large automobile manufacturer has developed a continuous variable transmission (CVT) that…
A: Determining CVT AffordabilityWe need to compare the fuel cost savings over eight years with the…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Increasing government spending with $5 billion while considering the multiplier effect, AD shifts…
Q: Subject : Engineering Economics Please write handwritten Answer
A: Referenceshttps://www.investopedia.com/terms/c/cost-volume-profit-analysis.asp
Q: None
A: Dear student, the following guidelines have been provided to assist you in approaching your…
Q: Question 1 The quantity demanded for maize is: 17 kg's at R6 and 37 kg's at R5. 24 kg's at R5 and 52…
A: To determine the quantity demanded for maize at different prices, we need to sum the quantities…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Inflation is the rate at which the general level of prices for goods and services is rising, and…
Q: Step by step solution
A: Herd immunity threshold (HIT) is a crucial concept to comprehend the dynamics of influenza and other…
Q: Solve all questions compulsory .....you will not solve all questions then I will give you down…
A: Detailed explanation:To determine the combination of beer (B) and hotdogs (D) that maximizes Sam's…
Q: Wriggly Ltd has 17,300 ordinary shares outstanding at a price of $68 per share. There are 101 bonds…
A: Part 2: Explanation:Step 1: Calculate the total value of the debt by multiplying the number of…
Q: A firm is considering two alternatives that have no salvage value. Alternative A Alternative B…
A: Answer image: Workings:
Q: None
A: a. Calculating total cost in the base:Gasoline: 210 gallons x $1.60/gallon = $336.00 Pizza: 55…
Q: A farmer producing two commodities has a profit function: П(91,92) = -50+4q1-2q+3q2 - 92 - 9192…
A: Step 1:To solve for the optimal level of q1 and q2 in terms of the scarce resources K, we will use…
Q: None
A: NNP=GNP−DepreciationGNP=Consumption+ Gross Investment+ Government Expenditure+(Exports−Imports)+ Net…
Q: الله سوق تنافسية مثالية In perfect competitive market .12 الشركات ھی A. A few firms dominate the…
A: Step 1: Define what a perfectly competitive market isA perfectly competitive market is a type of…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: P 0 = $1000 (P/A, 10%, 5) + $10,000 (P/F, 10%,15)+ $10,000 (P/F, 10%, 30)= $1000 (3.7908) + $10,000…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: The consumption of goods can only be satisfying up to a certain point. Sometimes too much of…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Elastic Product: If a product is elastic, a price increase will lead to a proportionately larger…
Q: Please solve it by yourself with proper explanation and calculation don't use ai
A: Refer to attachment for details
Q: Additional: Get solutions in details
A: We are not able to solve this.Reason:You haven't provided the question.Alternative solution:Please…
Q: courses/137060/quizzes/485278/take/questions/12956039 Dashboard Customer Portal - R... Dashboard |…
A: In MLA format, a signal phrase introduces a quote and gives credit to the author in the text itself.…
Q: Dashboard Customer Portal - R... Dashboard | Labcor... Clinician SimonMed F D Question 4 In MLA…
A: Book in Print with One AuthorIn MLA (Modern Language Association) style, the parenthetical citation…
Q: >>If your answer is negative, be sure to put a minus sign in front of your answer. In a closed…
A: Given,MPC: c=0.5 Increase in Government spending: △G=$800To calculate the change in equilibrium real…
Q: do fast all answer i will 10 upvotes..
A: Let's analyze the graph and answer each part step by step. a. Draw the total demand curve. Plot only…
Q: None
A: 1)The marginal product of the third worker = 100•Explanation: MP3 = TP3 - TP2 = 450 - 350MP3 = 100…
Q: Tips laxes and welfare Consider the market for air conditioning units. The following graph shows the…
A: Part 2: Explanation:Step 1: Identify the initial equilibrium price and quantity (P0, Q0) in the…
Q: Suppose That Redeye's Game Emporium is in a market with imperfect competition. The graph shows the…
A: Detailed Explanation: Let's analyze the given graph and the statement to find the correct answer.…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Step 1: Understand the input-output matrixThe input-output matrix shows the relationship between…
Q: What do you mean by the demand of a commodity? a) Desire for the commodity b) Need for the…
A: In economics, the term demand refers to the quantity of a good or service that consumers are willing…
Q: Suppose there is a change in the expectations regarding the value of the US dollar when compared to…
A: Expected Depreciation If there is an expected depreciation of the US dollar relative to euros,. It…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Allocation of $40,000 equalizing the marginal utility for Jane and FredJane - $26,000 - Jane's MU-…
Q: This exercise applies the basic Ricardian model of one factor and two goods. The table below…
A: Step 1: Step 2: Step 3: Step 4:
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: At a price of $8 in this diagram, profit per unit is approximately $2.5, and total profit is…
Q: None
A: The specialization benefits among trading partners can be realized in an effective manner when there…
Q: 1. Financial institutions in the U.S. economy Suppose Edu decides to use $8,000 currently held as…
A: Detailed explanation: Suppose Warm Breeze, a cloud computing firm, is selling bonds to raise money…
Q: do fast.
A: Both consumer and producer bear the burden of tax Original cost paid by consumer per unit = $2.5…
Q: Show graph please.do fast
A: The social planner diagram is a tool used in economics to illustrate the optimal allocation of…
Q: Which of the following are examples of capital goods? Buildings. Patents. Raw materials.…
A: In economics, capital goods are tangible or intangible assets that an organization uses to produce…
Q: None
A: Thanks!
Q: Please plot any curves needed. Thank you
A: A perfectly competitive market is where firms sell homogenous products, with free entry and exit,…
Q: 5
A: Finding the long-run equilibrium interest rate (R) and inflation rate (πe)We are given the following…
Q: 3. Productivity and growth policies Consider a hypothetical small island nation in which the only…
A: Analysis:Change in Physical Capital per Worker: Decreased from 4 servers per worker in 2031 to 3…
Q: None
A: a. $30,000We know the contribution of low skilled workers to the firm is $30,000…
Step by step
Solved in 2 steps
- Discuss the price elasticity of demand and the price elasticity of supply of goods that have low value but are limited in supply. Discuss why the reduction in world price of such commodities can be considered harmful to an economy that exports such commodities.5. A graphical comparison of tariffs and quotas Alagir and Ertil are small countries that protect their economic growth from rapidly advancing globalization by limiting the import of rugs to 20 million. To this end, each country imposes a different type of trade barrier when the world price (Pw) is $2,000. In Alagir, the government decides to impose a tariff of $3,000 per rug; in Ertil, the government implements a quota of 20 million rugs. Assume that Alagir and Ertil have identical domestic demand (Do) and supply (S) curves for rugs as shown on the following graph. Under these conditions, the price of rugs is $5,000 per rug in each country. 10000 ( ) 8000 8000 7000 8000 5000 4000 3000 2000 1000 0 0 Pu 10 Do 20 D₁ XX ✩ XX 30 40 50 60 70 QUANTITY (Millions of rugs) 80 S 90 100 (?)For a small country called Boxland, the equation of the domestic demand curve for cardboard isQD= 200 – 2P, where QD represents the domestic quantity of cardboard demanded, in tons, and P represents the price of a ton of cardboard. For Boxland, the equation of the domestic supply curve for cardboard is Q$ = -60 + 3P, where QS represents the domestic quantity of cardboard supplied, in tons, and P again represents the price of a ton of cardboard. Refer to Scenario 9-1. Suppose the world price of cardboard is $45. Then, relative to the no-trade situation, international trade in cardboard produces which of the following results for Boxland? O a. It decreases consumer surplus, increases producer surplus, and increases total surplus. Ob. It increases consumer surplus, decreases producer surplus, and increases total surplus. O C. It increases consumer surplus, decreases producer surplus, and decreases total surplus. O d. It increases consumer surplus, increases producer surplus, and increases…
- The numbers i have in are all incorrect, please help D ง The domestic supply and demand curves for Jolt coffee beans are given by P= 20 + 1Q and P= 140-2Q, respectively, where Pis the price in dollars per bushel, and Q is the quantity in millions of bushels per year. The United States produces and consumes only a trivial fraction of world Jolt bean output, and the current world price of $35/bushel is unaffected by events in the U.S. market. Transportation costs are also negligible. Instructions: Enter your answer for price to the nearest dollar. For the number of bushels, enter your answer rounded to 1 decimal place. D a. How much will U.S. consumers pay for a bushel of Jolt coffee beans, and how many bushels per year will they consume? Price: $ 60/bushel Number of bushels: 40 million bushels per year. Instructions: Enter your answer for price to the nearest dollar. For the number of bushels, enter your answer to the nearest million. b. How will your answers to part (a) change if…Kawmin is a small country that produces and consumesjelly beans. The world price of jelly beans is$1 per bag, and Kawmin’s domestic demand andsupply for jelly beans are governed by the followingequations:Demand: QD = 8 − PSupply: QS = P,where P is in dollars per bag and Q is in bags of jellybeans.a. Draw a well-labeled graph of the situation inKawminif the nation does not allow trade.Calculatethe following (recalling that the area ofa triangle is ½ × base × height): the equilibriumprice and quantity, consumer surplus, producersurplus, and total surplus.b. Kawmin then opens the market to trade. Drawanother graph to describe the new situation inthe jelly bean market. Calculate the equilibriumprice, quantities of consumption and production,imports, consumer surplus, producer surplus, andtotal surplus.c. After a while, the Czar of Kawmin respondsto the pleas of jelly bean producers by placinga $1 per bag tariff on jelly bean imports. On a graph, show the effects of…For a small country called Boxland, the equation of the domestic demand curve for cardboard is QD350-2P, where QD represents the domestic quantity of cardboard demanded, in tons, and P represents the price of a ton of cardboard. For Boxland, the equation of the domestic supply curve for cardboard is QS = -60+ 3P, where Q5 represents the domestic quantity of cardboard supplied, in tons, and P again represents the price of a ton of cardboard. Refer to Scenario 9-1. Suppose the world price of cardboard is $51. Then Boxland's gains from international trade in cardboard amount to A) $1,201.25. B) $4,805.00. C) $2,402.50. D) $9,486.00.
- Suppose there is an increase in the demand of the imported commodity subject to a given import quota, determine whether each of the following statements is true, false, or uncertain. Statement I – There will be no change in the quantity of the commodity consumed. Statement II – There will be an increase in the domestic price of the commodity.Home’s domestic demand and supply curves for skateboards are D = 500 - 10P and S = 300 + 20P and Foreign’s domestic demand and supply curves for the same type of skateboard are D = 1000 – 10P and S = 200 + 40P. a. Find the autarky price and quantity for each country. If the countries trade, which country will export skateboards? b. Derive algebraically the import demand and export supply functions. Find the price and the volume of trade with free trade. c. Please show graphically the world equilibrium, equilibrium at Home, and at Foreign under free trade. d. Now the importer country imposes a tariff of $4 per skateboard. i. Determine and show graphically the effects.The market for pencils has a domestic demand equation P=20−0.5Q�=20−0.5�, and a domestic supply equation P=5+Q�=5+�, where quantity is measured in thousands. The world supply equation for pencils is PW=10��=10. The domestic government decides to implement a tariff of $10 per thousand pencils. As a result of the tariff, the new domestic price of pencils is
- For a small country called Boxland, the equation of the domestic demand curve for cardboard is QD = 210 − 2P, where QD represents the domestic quantity of cardboard demanded, in tons, and P represents the price of a ton of cardboard. For Boxland, the equation of the domestic supply curve for cardboard is QS = –90 + 3P, where QS represents the domestic quantity of cardboard supplied, in tons, and P again represents the price of a ton of cardboard. . If Boxland prohibits international trade in cardboard, then the equilibrium price of a ton of cardboard isConsider that the current world price for copper ore is $5.20 per pound. Suppose the domestic market for copper ore in Chile is described by the following demand and supply equations, respectively: P = 8.80 -0.015Q and P = 0.8 +0.025Q, where P is the price per pound, measured in dollars, and Q is the quantity measured in thousands of pounds per month. Similarly, suppose that the domestic market for copper ore in Japan is described by the following demand and supply equations: P = 6.80 -0.02Q and P = 0.8 +0.04Q, where P is the price per pound, measured in dollars, and Q is the quantity measured in thousands of pounds per month. (Question 7 of 8) After receiving requests from lobbyists and domestic producers, the government of the importing country imposes a tariff of $0.30 in the market for copper ore. As a result of the government's policy, what is the change in the government's revenue in the importing country? (report your answer at 2 decimal places)Which of the following would help to reduce imports? Select one: a) A fall in quotas b) Increased borrowings c) Fall in subsidy to domestic firms d) A fall in tariffs e) Decreased import substitution