Homework Answers
A
From the figure above, it is clear that Guatemala's domestic demand after the trade at world price will be 18 units (at price 110). However as producers are getting higher price in world market from what they were earning previously by selling products to domestic market thus will produce 40 units. Hence the surplus production will be exported;
export quantity = 40-18 = 22 units
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The figure illustrates the market for coffee in Guatemala Price 150 140 130 120 110 100...
The figure illustrates the market for coffee in Guatemala. | Price 150+ -- Domestic supply World...
The figure illustrates the market for coffee in Guatemala. | Price 150+ -- Domestic supply World price H Domestic demand 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 Quantity Refer to Figure 9-1. When trade in coffee is allowed. producer surplus in Guatemala a. increases by the area B-D. b. increases by the area B-D-G. c. decreases by the area C +F....
can you please explain number 9 how do u get the answer Figure 9-2 The figure illustrates the market for calculators...
can
you please explain number 9 how do u get the answer
Figure 9-2 The figure illustrates the market for calculators in a country, I Price 30+ Domestic supply World price Domestic demand + + + + 280 300 Quantity 20 40 60 80 100 120 140 160 + + 260 180 200 220 240 8. Refer to Figure 9-2. With free trade, this country will a. import 50 calculators b. import 100 calculators c. export 50 calculators. d. export...
1) When trade in coffee is allowed, producer surplus in Guatemala a. increases by the area B + D. b. increasesbythearea...
1) When trade in coffee is allowed, producer surplus in
Guatemala
a. increases by the area B + D.
b. increasesbytheareaB+D+G.
c. decreases by the area C + F.
d. decreases by the area G.
2) When trade is allowed,
a. Guatemalan producers of coffee become better off and
Guatemalan consumers of coffee become worse off.
b. Guatemalan consumers of coffee become better off and
Guatemalan producers of coffee become worse off.
c. both Guatemalan producers and consumers of coffee...
r 170 160+ 150 140+ 130 - 120 110 100+ 90 Supply 80- 70 60+ SO...
r 170 160+ 150 140+ 130 - 120 110 100+ 90 Supply 80- 70 60+ SO 40- Demand 30 20- 10- 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 Quantity of Loanable Funds Suppose the market for loanable funds opened up to international borrowers and savers. Further suppose that the real interest rate worldwide is 120 basis points (100 basis points = 1%). Would the gains from trade end up with the households...
Figure 13-9 The figure below depicts average total cost functions for a firm that produces automobiles....
Figure 13-9 The figure below depicts average total cost functions for a firm that produces automobiles. Average Total Cost (5) ATCD ATCA ATCE Quantity of Automobiles per day Refer to Figure 13-9. Which of the curves is most likely to characterize the short-run average total cost curve of the smallest factory? a. ATCA b.ATCB ос. Атес d. ATCD Figure 13-9 The figure below depicts average total cost functions for a firm that produces automobiles. Average 1 Total Cost (5) Quantity...
20 30 40 50 60 70 80 99 100 110 120 130 140 150 160 170...
20 30 40 50 60 70 80 99 100 110 120 130 140 150 160 170 180 190 259 260 270 280 290 300 310 320 330 340 350 360 370 380 390 400 410 420 430 490 500 51 52 53 545 QUESTION 47 Ben bought a house for $500,000. The bank will make a mortgage loan with 10% down, 30 years at 3% annual interest rate with monthly payments. What will be Ben's monthly payment? $1,250.00 $1,388.89 O...
Price (cents per gallon) 90 100 110 120 130 140 150 Quantity Demanded (thousand gallons per...
Price (cents per gallon) 90 100 110 120 130 140 150 Quantity Demanded (thousand gallons per week 80 70 60 50 40 30 20 Quantity Supplied (thousand gallons per week 20 30 40 50 60 70 80 A market research team has come up with the demand and supply schedules for gasoline in Motorville in the table above. Use these data to analyze the situation in the market for gas in Motorville a) Draw a figure showing the demand curve...
Figure 9-26 The diagram below illustrates the market for baseballs in the U.S Price 20 18...
Figure 9-26 The diagram below illustrates the market for baseballs in the U.S Price 20 18 16 14 12 10 1500 1000 1250 500 750 250 Quantity of Baseballs Refer to figure 9-26. The figure shows that a if the U.S. opens its baseball market to international trade, the price will plummet. the U.S. will import baseballs when the market opens to intemational trade c the U.S. will export baseballs when the market opens to international trade d the U.S....
Figure 9-22 The following diagram shows the domestic demand and domestic supply in a market. In...
Figure 9-22 The following diagram shows the domestic demand and domestic supply in a market. In addition, assume that the world price in this market is $40 per unit. Price 190 180 170 160 150 140 130 omestic Suppl 110 100 90 80 70 60 50 40 20 Deman 10 200 400 600 80 1000 1200 14001600 1800 2000 2200 2400 antity 15. Refer to Figure 9-22. Suppose the government imposes a tariff of $20 per unit. Relative to the...
Answer the following questions from the given solubility curve. 150 KI 140 130 120 110 NaNO3...
Answer the following questions from the given solubility curve. 150 KI 140 130 120 110 NaNO3 100 90 KNO3 Grams of solute per 100 g H,0 80 70 60 NH3) NHACI 50 KCI Naci 40 30 20 KCIÓ: 10 -Ce2(SO4)3 0 0 10 20 30 40 50 60 70 80 90 100 Temperature (°C) (a) Define solution. Explain with the substance having a trigonal shape from the above solubility curve. (2 marks) (b) Which factor of the solubility, decrease the...
The figure illustrates the market for coffee in Guatemala. | Price 150+ -- Domestic supply World price H Domestic demand 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 Quantity Refer to Figure 9-1. When trade in coffee is allowed. producer surplus in Guatemala a. increases by the area B-D. b. increases by the area B-D-G. c. decreases by the area C +F....
can
you please explain number 9 how do u get the answer
Figure 9-2 The figure illustrates the market for calculators in a country, I Price 30+ Domestic supply World price Domestic demand + + + + 280 300 Quantity 20 40 60 80 100 120 140 160 + + 260 180 200 220 240 8. Refer to Figure 9-2. With free trade, this country will a. import 50 calculators b. import 100 calculators c. export 50 calculators. d. export...
1) When trade in coffee is allowed, producer surplus in
Guatemala
a. increases by the area B + D.
b. increasesbytheareaB+D+G.
c. decreases by the area C + F.
d. decreases by the area G.
2) When trade is allowed,
a. Guatemalan producers of coffee become better off and
Guatemalan consumers of coffee become worse off.
b. Guatemalan consumers of coffee become better off and
Guatemalan producers of coffee become worse off.
c. both Guatemalan producers and consumers of coffee...
r 170 160+ 150 140+ 130 - 120 110 100+ 90 Supply 80- 70 60+ SO 40- Demand 30 20- 10- 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 Quantity of Loanable Funds Suppose the market for loanable funds opened up to international borrowers and savers. Further suppose that the real interest rate worldwide is 120 basis points (100 basis points = 1%). Would the gains from trade end up with the households...
Figure 13-9 The figure below depicts average total cost functions for a firm that produces automobiles. Average Total Cost (5) ATCD ATCA ATCE Quantity of Automobiles per day Refer to Figure 13-9. Which of the curves is most likely to characterize the short-run average total cost curve of the smallest factory? a. ATCA b.ATCB ос. Атес d. ATCD Figure 13-9 The figure below depicts average total cost functions for a firm that produces automobiles. Average 1 Total Cost (5) Quantity...
20 30 40 50 60 70 80 99 100 110 120 130 140 150 160 170 180 190 259 260 270 280 290 300 310 320 330 340 350 360 370 380 390 400 410 420 430 490 500 51 52 53 545 QUESTION 47 Ben bought a house for $500,000. The bank will make a mortgage loan with 10% down, 30 years at 3% annual interest rate with monthly payments. What will be Ben's monthly payment? $1,250.00 $1,388.89 O...
Price (cents per gallon) 90 100 110 120 130 140 150 Quantity Demanded (thousand gallons per week 80 70 60 50 40 30 20 Quantity Supplied (thousand gallons per week 20 30 40 50 60 70 80 A market research team has come up with the demand and supply schedules for gasoline in Motorville in the table above. Use these data to analyze the situation in the market for gas in Motorville a) Draw a figure showing the demand curve...
Figure 9-26 The diagram below illustrates the market for baseballs in the U.S Price 20 18 16 14 12 10 1500 1000 1250 500 750 250 Quantity of Baseballs Refer to figure 9-26. The figure shows that a if the U.S. opens its baseball market to international trade, the price will plummet. the U.S. will import baseballs when the market opens to intemational trade c the U.S. will export baseballs when the market opens to international trade d the U.S....
Figure 9-22 The following diagram shows the domestic demand and domestic supply in a market. In addition, assume that the world price in this market is $40 per unit. Price 190 180 170 160 150 140 130 omestic Suppl 110 100 90 80 70 60 50 40 20 Deman 10 200 400 600 80 1000 1200 14001600 1800 2000 2200 2400 antity 15. Refer to Figure 9-22. Suppose the government imposes a tariff of $20 per unit. Relative to the...
Answer the following questions from the given solubility curve. 150 KI 140 130 120 110 NaNO3 100 90 KNO3 Grams of solute per 100 g H,0 80 70 60 NH3) NHACI 50 KCI Naci 40 30 20 KCIÓ: 10 -Ce2(SO4)3 0 0 10 20 30 40 50 60 70 80 90 100 Temperature (°C) (a) Define solution. Explain with the substance having a trigonal shape from the above solubility curve. (2 marks) (b) Which factor of the solubility, decrease the...
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