a. If there is no tariff, how much do consumers pay for a pound of coffee? What is the quantity demanded?

PA #1: Africa Apricots & The Apricot ValleyTwo apricot orchards African Apricots and The Apricot Valley sell seasonal apricots to the market. Assume that those apricots are both grown using the same organic practices in the neighboring orchards and do not differ in taste, size, color, or any other characteristics.The market demand is described by the following function: P=AB-Q. P is the price given per one bushel of apricots (a variable), Q is the quantity demanded at each price (a variable). Assume that both orchards have marginal costs that equal C $/bushel. A=1, B=9, and C=3 are the integer numbers given to you. 1.1. Write down the Demand function substituting A, B, and C with the given integer numbers. 1.2. Utilize the Cournot Model and find the Cournot-Nash Equilibrium for this oligopoly market. Demonstrate your algebraic solution. 1.3. Graph the best-response-function (reaction function) diagram for the companies. Demonstrate how you calculated the numbers that represent the…

Problem 1 Refreshing Refreshing Trade Basics - Prices Consider the market for computers in two countries, Uruguay and Indonesia. Let's assume both have perfectly competitive domestic computer markets. In autarky (no trade), the equilibrium price of computers in Uruguay is $500, and 10,000 computers are sold. In Indonesia (under autarky), the equilibrium price of computers is $400 and 8,000 computers are sold. (a) Draw supply and demand (partial equilibrium) graphs for each of these two countries indicating how many computers are sold and at what price when neither country trades (b) Now Uruguay and Indonesia open themselves up to global trade of com- puters. Let's assume the global price of computers is $450. Describe qual- itatively what happens to the price consumers pay for computers in each of these two countries (relative to the original autarky situation) as well as how much domestic producers sell now relative to the no trade world. Also state whether each country is an importer…

a) Due to Covid-19, meatpackers are facing substantially higher costs and people are panic buying meat. As a result, we can expect (at least temporarily) Lower prices and no change in quantity Higher prices and an uncertain change in quantity Higher prices and a certain increase in quantity Higher prices and a certain decrease in quantity   b)  If, against the request of the US, Saudi Arabia decides to further increase the supply of crude oil to the world market, we would expect as a result that (all else equal) the   Equilibrium price of crude oil will decrease, and the equilibrium quantity will increase Equilibrium price of crude oil will increase, and the equilibrium quantity will decrease Equilibrium price and quantity of crude oil will increase Equilibrium price and quantity of crude oil will decrease