P P₂ A B G H R Pw P₁ C N D F K P¦ MA T S U QD1 QD QD2 S D QS2 Qs Q$1 a The figure above represents a BIG exporting country that is initially under free-trade, trading at a price equal to Pw. Assume that the government implements an export subsidy equal to P2-P1. Then, the producer surplus for the country... Answers: 1. Increases by a magnitude B+E+G+H+J+L+O 2. Increases by a magnitude G+H+I+N+L+O 3. Decreases by a magnitude A+B+E+C+D+F 4. Increases by a magnitude J+K 5. Decreases by a magnitude U 6. Increases by a magnitude C+D+F+I+K+N
Q: FORCASTING using the data below can you answer the question: Month Sales Jan-16 747…
A: To forecast monthly sales for 2022 using a time series forecasting method, we can utilize a…
Q: Consider the market for LCD TVs, illustrated in the figure to the right K Use the point drawing tool…
A: Here the price of LCD TV is 800$, from the graph this means that the price is lowered hence the…
Q: ? Question 2.5: What would happen to the labor force participation, employment, and unemployment…
A: The percentage of the population that is either employed or actively looking for work is referred to…
Q: do fast i will 5 upvotes in differnt account.
A: Calculation of Incremental benefit cost Ratio ParticularsAlt AAlt BIncrementalEUAB14001000400×…
Q: Please help me with this question
A: 4.) a. To find the most recent price of a Starbucks tall latte in China and the implied yuan/dollar…
Q: 5) Suppose that an economy starts off with a per capita real GDP of $5,000. How large will the per…
A: Step 1:answer of 5To calculate the per capita GDP after 40 years, given an initial per capita real…
Q: Peachtree Construction Company, a highway contractor, is considering the purchase of a new trench…
A: Here's how you can calculate the annual after-tax cash flow for Peachtree Construction Company in…
Q: When the market price is lower than the equilibrium price, the result is excess ____.When the market…
A: The objective of the question is to identify the correct pair of terms that describe the market…
Q: a)How do you calculate the correct social discount rate for each year, for user benefits in excel…
A: Sure, I'll illustrate a simpler, step-by-step example using a constant social discount rate of 4%…
Q: For the following output data, assume that the amounts of all nonlabour resources are fixed. Number…
A: Diminishing marginal returns is an economic concept stating that as additional units of a variable…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Detailed explanation:
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: We appear to be working with a graphical depiction of the Aggregate Demand (AD) and Short-Run…
Q: None
A: The calculation of the new exchange rate \( E \) when the domestic interest rate decreases from 6%…
Q: Before 1972, futures trading was dominated by agricultural commodities. The spectacular growth of…
A: Step 1: Standardized contracts known as financial futures are exchanged on exchanges and bind either…
Q: Answering all questions compulsory...
A: Step 1: Marginal cost is defined as the additional amount of cost incurred when one more unit of a…
Q: ophia has decided to start her own business. In doing so she refused an offer to work at the Central…
A: To calculate the total explicit and implicit costs for Ophia's business, we need to consider the…
Q: 4. Views on the Long-run Phillips Curve Fleur is a macroeconomist who works as a policy maker for a…
A: The objective of the question is to identify the economic school of thought that best aligns with…
Q: If Qd = 30 - 2P and Qs = 5 + 3P, where Qd is the quantity demanded, Qs is quantity supplied, and P…
A: To find the equilibrium quantity, we need to set the quantity demanded (Qd) equal to the quantity…
Q: Price and costs (dollars per unit) 20 20 16 12 8 10 4 0 5 10 10 MR MC ATC 15 20 D 25 30 Quantity…
A: A single-price monopoly, also known as a pure monopoly, is a market structure in which a single firm…
Q: Beta's Price Policy High Low A $20 B $30 High Alpha's $20 $10 Price Policy C $10 D $15 Low $30 $15…
A: Alpha and Beta have agreed to charge a high price. This would give both firms a profit of $20…
Q: Kindly give me the steps one by one how to do its and the calculation of the answers
A: Step 1:given : S= -590+.50Y AND INVESTMENT = 900 MILLION -------EQUATION 1 Step 2:TO CALCULATE…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Part bSuppose that Lorenzo works for Clear Drop Co, a perfectly competitive firm producing water…
Q: A foreign firm sells smartphones to a home country. The demand for smartphones in the home country…
A: A) Equilibrium price and quantity in the foreign market:The demand curve is given by Qd = 100 - 2P…
Q: The expectations theory tells us that Select one: • O a. the only way the central bank can produce a…
A: The objective of the question is to understand which statement correctly represents the expectations…
Q: Answering all questions compulsory...
A: a:)Whether McDonald's decides to open a small or large location, Burger King's best course of action…
Q: Answering all questions compulsory...
A: (a) Autonomous expenditure equals $700 billion.To find the autonomous expenditure, we need to find…
Q: Within a monopolistically competitive industry, it would be expected that Group of answer choices…
A: The objective of the question is to understand the expected behavior of firms in a monopolistically…
Q: Please provide homework help with the attached image. Thank you.
A: (d)Opportunity Cost from D to E is =89−0850−650=2.25It means it need to sacrifice 2.25 value of…
Q: Question 141 poin Case: AL-Rajhi Bank is one of the largest banks in Saudi Arabia, with over 60…
A: A. Reducing app updates is not the best strategy for improving customer engagement. Customers expect…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: The factor by which the inflation rate has increased is equal to the ratio of P8 to P0. In other…
Q: Two businesses contribute to maintaining green spaces. Every year the companies 1 and 2 decide how…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: In a perfectly competitive market, which of the following statements is true? Options: A. Firms have…
A: Businesses are price takers in a market with perfect competition, meaning they have no control over…
Q: Problem 1. Country A has the following Philips Curve: π- Eπ- 0.75 (u-0.05) a) What is the natural…
A: The Philips curve is an economic model is an economic theory that explains the relation between the…
Q: When an economy is experiencing a recessionary gap, the likely outcome is a) quickly rising output…
A: A recessionary gap occurs when a country's real GDP is lower than its GDP at full employment, which…
Q: Derive the Karush-Kuhn-Tucker conditions for this Bid-price policy program (also shown in the image…
A: To derive the Karush-Kuhn-Tucker (KKT) conditions for the given optimization problem, we need to…
Q: The greater young expert Hand written solution is not allowed
A: Let's construct a two-way data table in a spreadsheet to estimate the optimal prices for each…
Q: hello so i got a question and i need to use linear programming and i answered it only half can you…
A: To set up the linear programming problem in Excel using Solver, follow these steps:1. Decision…
Q: Kindly give me the steps one by one how to do its and the calculation of the answers
A: Calculating GDP using Income approach: By income approach, we obtain NDPFC NDPFC = (Compensation of…
Q: Given the following information about each economy, either calculate the missing variable or…
A: Detailed Solutions to the Questions about National Income Accounting(a) Total Income:Total income is…
Q: Short-run supply and long-run equilibrium Consiber the competitive market for rhodium. Assume that…
A: Ans. ) Given the question, there is a competitive market for rhodium. Given that all the firms in…
Q: Answer the question based on the table below. Year Nominal GDP (in millions) GDP Deflator Real GDP…
A: For calculating Real GDP Growth rate in 1990, we must have the information of the following:Real GDP…
Q: 3. The table below depicts the marginal cleanup costs for Springfield's two polluters, ACME Corp.…
A: a) Command-and-control regulation: In this case, authorities set a predetermined pollution reduction…
Q: Money Market Mutual Fund Balances Held by Businesses $ 110 Money Market Mutual Fund Balances Held…
A: The objective of the question is to calculate the money supply M2 for the given economy. The M2…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: 1. Output (Income) (Y):Represents the total value of goods and services produced in the economy…
Q: Deposits that engineering companies receive in advance for work which has not yet been performed…
A: Advance deposits made by engineering businesses are important for accounting purposes since they…
Q: 2. Economic rent and the market for land Consider the market for land in upstate New York, a mostly…
A: Explanation:Perfectly inelastic: The supply of land in a specific location is likely fixed. There's…
Q: Q1 2 Points A representative household receives utility from consumption c and supplying labor/:…
A: Detailed explanation:Utility Function: The utility function given is u(c,l)=c+φ1−l. This…
Q: Suppose that the demand for broccoli is given by: Q=1000-5P where Q is quantity per year measured in…
A: 2. Total Expenditure:Step 1: Multiply Equilibrium Quantity by Equilibrium Price:Total Expenditure =…
Q: None
A: The following is a step-by-step explanation of the response to the aforementioned query.…
Q: What does it mean in a monopolistically competitive market, when the rule for maximizing profit is…
A: The question is asking about the rule for maximizing profit in a monopolistically competitive…
Only type writing allow....don't use papar work .....
Step by step
Solved in 2 steps
- How would direct subsidies to key industries be preferable to tariffs or quotas?Explain how a subsidy on agricultural goods like sugar adversely affects the income of foreign producers of imported sugar.The figure below illustrates the impact of an export subsidy as imposed by a large country. No imports are permitted. Price aib f D D₁ h So Si Sa Da O The producer surplus falls by area (a + b). O The producer surplus increases by area (a + b +c+d). The producer surplus falls by area (a+b+c+e+f+g+h). O The producer surplus increases by area (a + b + c). Domestic price with subsidy World price World price with subsidy Quantity What is the net impact on the producer surplus of the export subsidy provided by the domestic government?
- The following figure shows the domestie demand and supply curves for a good. With free trade, the price of the good in the domestic market is P3. The govemment introduces a 5% tariff in the market which raises the domestic price to P2. Figure 7-1 Price Kyddng Demand E Quanity fer to Figure 7-1. With the imposition of the tariff, the level of imports to the domestic market is: CD AC BDPrice per Saddle Domeslic Supply A P2 Tariff World Price E P1 G 3D Domestic Demand 3D Q1 Q2 Q3 QA Quantity of Saddles What is the new amount of Producer Surplus gained as a result of the tariff? OA + B O G+ C OG +C - D Ocmline Microeco... eersonal Fi... Study Tools ons ccess Tips ccess Tips OR YOU ENCE ANITIES ajor dback MindTap - Cengage Learning CENGAGE MINDTAP Homework (Ch 09) 4. Effects of a tariff on international trade PRICE (Dollars per ton) :8 The following graph shows the domestic demand for and supply of maize in Bangladesh. The world price (Pw) of maize is $260 per ton and is displayed as a horizontal black line. Throughout the question, assume that all countries under consideration are small, that is, the amount demanded by any one country does not affect the world price of maize and that there are no transportation or transaction costs associated with international trade in maize. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. 530 Domestic Demand. 500 470 440 410 380 O 350 320 290 260 230 ++ 80 A F3 Q Domestic Supply 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Tons of maize) F4 9 ng.cengage.com P…
- Consider a small country that exports steel. Supposethat a ''pro--trade'' government decides to subsidizethe <:xport of s teel by paying a certain amount for eachton sold abroad. How docs this export subsidy affectthe domestic price of steel, the quantity of steel produced,the quantity of steel consunuxS, and the quantityof steel exported? How docs it affect consumersurplus, producer surplus, g·ovemment revenue, andtolal surplus? Is it a good policy from the standpointof oconomic efficiency? (Hint: The analysis of anexport subsidy is similar to the analysis of a tariff.)The following graph shows the effects of a tariff of 0.25 dollars per bushel of imported soybeans. Which of the following regarding the welfare effects of this tariff is INCORRECT? $ 2.25 2.00 60 70 130 140 Q/millions bushels D S World price O A. Government revenue is $15 million. B. Producer surplus gain is $16.25 million. O C. Net welfare change to this nation is a loss of $1.25 million. D. Consumer surplus loss is $33.75 million due to the tariff.Consider a small country that exports steel. Suppose the following graph depicts the domestic demand and supply for steel in this country. One of the two price lines represents the world price of steel. ecause this country exports steel, the world price is represented by . Suppose that a “pro-trade” government decides to subsidize the export of steel by paying $10 for each ton sold abroad. With this export subsidy, the price paid by domestic consumers is per ton, and the price received by domestic producers is per ton. The quantity of steel consumed by domestic consumers , the quantity of steel produced by domestic producers , and the quantity of steel exported . True or False: With the export subsidy, domestic producers will sell steel to domestic consumers and sell the rest abroad. True False Under the export subsidy, consumer surplus is and producer surplus is . Government revenue by (increases or Decreases) . As a…
- in the attached diagram, given the domestic demand Dx and supply Sx curves, and assuming a fixed amount of import quota is imposed on imports, who will lose the rectangle area MJHN Price (S) 4.5 Sx (domestic) and who will gain the same rectangie area? Pt-Pw+t Pw Dx (domestic) Quantity (millions) 10 20 30 50 70 Oa. Domestic sumers will lose but domestic producers will capture it Ob. Domestic consumers will lose but foreign suppliers will capture it Oc Domestic consumers will lose but the tariff imposing govemment will capture it Od Domestic consumers will lose but no one in society will capture itFigure 9-15 Price per Saddle Domeslic Supply A B P2 World Price E Tariff P1 G Domestic Demand Q3 Q4 Quantity of Šaddles Q1 Q2 Refer to Figure 9-15. For the saddle market shown above, area E represents the deadweight loss of the tariff. government's revenue from the tariff. O None of the above is correct. the increase in producer surplus, relative to the free-trade situation, as a result of the tariff.Price of Rice $/ton €140 €120 €100 с a b rise by 40 units. 80 120 160 200 240 300 Quantity of Rice rise by 40 units. e The graph above reflects the market for rice in Spain. If the world price is 100euros and the government imposes a 20% tax on imports the amount of imports will S drop by 40 units. drop by 80 units.