Suppose the Canadian demand for and the Japanese supply of cars to Canada is shown in the table below (quantities in thousands). Quantity Supplied (before tariff) Quantity supplied (after tariff) Price ($) 10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 Quantity Demanded WW 180 160 148 120 100 80 60 40 60 80 100 120 140 160 180 200 a) The present equilibrium price is $ and quantity is thousand. b) Suppose that the Canadian government imposes a $2,000 per car tariff on imported Japanese cars. Show the new supply in the last column above. c) The new equilibrium price is $ and quantity is thousand. million. d) The total revenue received by the government will be $[ e) Assume, instead, that the government imposes an import quota of 100,000 cars. The new equilibrium price is $ quantity is thousand. f) Does the government now receive any revenue? (Click to select) and

A $700 laptop has 10% tax. Find the total amount due.

23 ABC Electronics is a company that sells smartphones. If the Montly demand for a partcular smarthphon Model is 1000 units. The cost to place an order is Rioo, and the Carrying costs per unit per year is RS. The company Operates for 250 business Economic Order Quantity, CEOG 7 year. Caculate the Model. Calculate the EOQ. the Smarthphone

1. Optimal choice of capital Eleanor makes sweaters in her home. Starting with just some knitting needles and yarn, she was able to knit 60 sweaters per year. Now some local stores have expressed interest in her designs and offered to buy her sweaters for $10 each. This makes it worthwhile for her to invest in some capital; in particular, she could produce many more sweaters if she invested in one or more looms, as shown in the following table. Assume that Eleanor's sweater business is a perfectly competitive firm. Complete the following table by calculating the marginal physical product (MPP) of each loom and the marginal revenue product (MRP) of each loom. Quantity of Input (Looms) Output (Sweaters per year) MPP of Each Loom (Sweaters) MRP of Each Loom (Dollars) 0 1 2 3 4 5 60 110 150 184 213 238 50 40 34 29 25 If the rental price of a loom is $270 per year, Eleanor should use 500 400 340 290 250 Suppose the demand for sweaters is very elastic, while the demand for cigarettes is very…

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Output TFC 0 $500 2 500 4 CO 00 6 8 10 500 500 500 500 TVC $0 200 340 590 1000 1650 TC $500 700 840 1090 1500 2150

Shane teaches guitar lessons. The graph below shows the comparison of his expenses and revenue for one month. r ($) L -1000 000 -600 200 Number of Lessons Expenses Revenue How many lessons must he teach to break even?

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AFCATC $120150 6085 4060 3048 2145 2042 17.444 1548 MC 30 20 10 12 28 38 50 72 Quantity 2 3 4 7 Refer to the above information to answer this question. What is the value of the breakeven price? O a) $42 Ob) $40 Od $18 Od) $30