Evaluate the following statement in no more than 300 words: "Infant-industry protection can be justified on the basis of the existence of learning-by-doing."
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- Critically evaluate any two products (name of the product, specifications of theproduct, manufacturers details etc) of electronics goods or automobile goods and justify which brand product is the market leader in Oman and discuss what are the marketing strategiesrequired to make a good decision to be a market leader.words about the negative/positive impacts of Corona virus (COVID19) on tourism sector in OmanHand written solutions are prohibited
- (a) Draw a correctly labeled graph for a monopoly and show each of the following. (i) The profit-maximizing quantity, labeled QM (ii) The profit-maximizing price, labeled PM (b) Assume the monopoly now engages in perfect price discrimination. On your graph in part (b), show the profit-maximizing quantity for the price discriminating monopoly, labeled QPD. (c) Based on your answer to part (b), will a perfectly competitive market produce a larger, smaller, or the same quantity as the perfectly price discriminating monopolist? Explain.Hand written solutions and AI solutions are strictly prohibitedPanther Acre Cattle Company - Chapter 7 Lab A typical farm or ranch problem is determining the optimum or profit-maximizing weight to sell fed cattle. Assume the feeder cattle are purchased at 600 pounds. The feed required and the weight gain is shown in the table below. Feed costs 7¢ per pound and feeder cattle prices are as follows: Weight Price per Pound 600-899 lbs 72¢ go to 3rd 900-1099 lbs decimal 1100 lbs or more 70¢ Point 67¢ Pay attention to the price changes when computing MVP. Input Output Feed Weight Selling Required Gain Weight Total Average Marginal Marginal Marginal Revenue Physical Physical Value Input (lbs) (lbs) (lbs) Product Product Product Cost 600 0 0 600 432 XXX XXX XXX XXX 500 50 So 650 468 0.10 0.083 1,100 145 as 745 536.40 0.132 6.158 1,700 235 aol 835 601.20 0.138 0.15 2,300 320 85 920 644 0.139 2,900 400 80 1,000 700 0.138 3,500 465 65 1,065 745, 50 0.133 4,100 525 60 1,125 753.75 0.128 4,700 575 SO 1,175 787.25 0.122 5,300 615 40 1,215 814.05 0.116 5,900 645…
- Suppose the inverse market demand function is p(q) = 10 + 125/q, p, q ≥ 1 and the market supply function is q(p) = 4p, p, q ≥ 1. (a) Graph the market demand and supply functions as accurately as possible. (b) Find the equilibrium price and quantity. (c) Show that the demand is elastic. (d) Find the value of MR = d(pq)/dq. (e) If there is a quantity tax of t = $2.5/unit, show how much of the tax burden that will be passed to the consumer.Problems 4 to 7 require presenting the procedure used, beginning by including the formula, the mathematical procedure in order, correctly, and the interpretation of the result (why, the criteria applied). The interpretation must be consistent with the procedure used and calculation, otherwise it will be counted as an incorrect answer. 4. Company XYZ sells an average of 300 gallons of paint per week at a price of $5 per gallon. Previously selling a quantity of 500 gallons per week at a price of $4 per gallon, determine the following: price elasticity formula Calculate the coefficient of price elasticity Determine whether demand is elastic, inelastic, or unitary with respect to price and why. 5. If the average family income increases from $20,000 to $30,000 per year, the price of laptops of a particular brand is $1,000, and its sales increase from 500 units to 525 units, determine the following: Income Elasticity Formula Calculate the income elasticity coefficient Determine whether…Research has found that used-car salesmen often offer women buyers a higher price than male buyers. This is most likely because: (a) the second-hand car market allows first-degree price discrimination. (b) the second-hand car market allows second-degree price discrimination. (c) the second-hand car market allows third-degree price discrimination. (d) used-car salesmen usually find it easier to determine the reservation prices of male buyers than of women buyers.