Figue B-5 Avenge Total Cost ATGO ATCA ATC ATC -> N Quantity of Antomobilos r dov

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

2. (a) What does the index of intra-industry trade measure and does it tell us anything about the total amount of trade? (b) There are two ways of measuring the degree of intra-industry trade within an industry: min (imports, exports) Index of intraindustry trade = 1 2 (imports + exports) -(lexpe (lexports - imports| exports + imports Grubel Lloyd index = 1 - Using the first formula, calculate the index of intra-industry trade for the U.S in 2014 for the products on Table 1. Using your answer in (b) above, what does the index of intra- industry trade of men's shorts, large passenger aircraft, telephones and golf carts tell us? (d) What are the two necessary conditions to obtain a high index of intra-industry trade?

34. Type of product: There are dozens of pasta producers that sell pasta to hundreds of Italian restaurants nationwide. The restaurant owners buy from the cheapest pasta producer they can. While pasta manufacturers must pay licensing fees to their local government and undergo regular food-safety inspections, anyone who passed inspections can acquire and maintain their license. * E (1 Point) Standardized (Identical) Differentiated Standardized (ldentical) ucers that sell pasta to hundreds of Italian buy from the cheapest pasta producer they can. 35. Unique

In the island nation of Autarka, cardboard boxes are manufactured by four rms: Andrew'sIndustries, Brett's Boxes, Carla's Cardboard, and Delia's Durables. In Autarka, cardboard boxes are sold in bundles of 100. At present, the market price for a bundle of boxes is $30. The technology for manufacturing cardboard boxes is readily available and common to all manufacturers. The cost of plant and machinery for a rm in the box manufacturing business is $7,000,000 per year. The labour, material, and energy cost of producing abundle of 100 boxes is $20. A market study indicates that demand for cardboard boxes is given by the function,P= 40 - Q/500,000 ;where P represents the price of a bundle of 100 boxes, and Qis the total number of bundles of boxes sold each year. Using the information provided in the scenario, derive a total cost function fora typical cardboard box manufacturer. Use QA to denote the quantity produced by thetypical firm.

The Law Firm of Smith and Jones of Barrie, Ontario has 3 new civil cases and 5 lawyers available for assignments.  Based upon the type of case and the qualifications of each lawyer, the managing partners have determined the profits (in $1000’s) that the law firm would make if each particular lawyer was assigned to each particular case.  Their analysis produced the following profits:   Profits (1000’s)                                              Case Lawyer        A    B      C Lui        36    53    101    Pathak        39    54    105 Owens        43    50    103 Rosen        42    54    104 Millier        45    57    101   To keep lawyers available for future cases, Smith and Jones’ policy is to assign at most 1 lawyer to each specific case.  To better serve its clients, Smith and Jones’ policy is to assign each specific lawyer to at most one case at a time.  Using xij’s as your decision variables, formulate a linear programming model so that Smith and Jones’s can determine which…

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40.) What was one negative consequence of the development of factories? a. People migrated to cities for factory jobs b. the first textile factory was built in England c. Diseases spread quickly through cramped factory neighborhoods

5. (b) Are the following statements true or false? Justify your answer (simply saying true or false will carry no credit). i) "A labor market dominated by a single buyer achieves Pareto efficiency if the buyer operates as a perfectly discriminating monopolist". ii) "A cake is divided between two individuals; Pareto optimality requires that they receive equal shares".