Homework Answers
Answer
after the trade the price is equal to the world price
P=54
Qs=1600
producer surplus is the area above the supply curve and below the
price
PS=0.5*(P- y-axis intercept of the supply curve )*Qs
=0.5*(54-6)*1600
=38400
the producer surplus is $38400
Option 4
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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. 1 Price Domestic Supply - -- 90 80+ 70+ 60+ Domestic Demand 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 Quantity 27. Refer to Figure 9-22. Suppose the government imposes a tariff of $20 per unit. With trade and a tariff, consumer surplus is a. $75,000 and...
Search this COU The following diagram shows the domestic demand and domestic supply in a market....
Search this COU 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 O 180 170 Domestic Supply 160 150 140 130 120 110 100 90 80 70 60 50 o 40 30 20 Domestic Demand 10 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 Refer to Figure 9-22. With free trade, consumer surplus is a. $48,000...
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. 1 Price Domestic Supply - -- 90 80+ 70+ 60+ Domestic Demand 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 Quantity 26. Refer to Figure 9-22. Suppose the government imposes a tariff of $20 per unit. With trade and a tariff, total surplus a. $96,000. b. $114,000....
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Figure 9-12 Price Domestic Supply World Price Domestic Demand 200 400 600 800 1000 1200 1400...
Figure 9-12 Price Domestic Supply World Price Domestic Demand 200 400 600 800 1000 1200 1400 Quantity 62. Refer to Figure 9-12. With trade allowed, this country a. exports 200 units of the good. c. imports 200 units of the good. b. exports 400 units of the good. d. exports 800 units of the good. 63. Refer to Figure 9-12. With trade, the domestic price and domestic quantity demanded are a. $18 and 400. c. $14 and 400. b. $18...
(1.67pts) 3) Figure 9-21 The following diagram shows the domestic demand and domestic supply for a...
(1.67pts) 3) Figure 9-21 The following diagram shows the domestic demand and domestic supply for a market. In addition, assume that the world price in this market is $40 per unit. Domestic Supply R388822aa8an Domestic Demand 2400 2300 Quinny 400 300 1200 1600 2000 Refer to Figure 9-21. With free trade allowed, this country exports 200 units of the good. exports 400 units of the Refer to Figure 9-21. With free trade allowed, this country exports 200 units of the...
Figure 9-3. The domestic country is Jamaica. Calculalors $27 Doiestic Supply World Price Domestic Demand 2...
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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....
17) Figure 9-12 (1pts) Price Domestic Supply -- World Price + + Domestic Demand 2400 2800 Quantity + 400 800 1200 1600 2000 Refer to Figure 9-12. Producer surplus after trade is $28,000. $30,000. $35,200 SE Tyne here to search
1 Price + + Domestic Supply + + + World Price + + + + + + + + Domestic Demand + + + + + 2400 2800 Quantity 400 800 1200 1600 2000 + + Domestic Demand + + + + + + 2400 2800 Quantity 400 800 1200 1600 2000 Refer to Figure 9-12. With trade allowed, this country a imports 400 units of the good. b. exports 1,600 units of the good. c. exports 400 units of...
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. 1 Price Domestic Supply - -- 90 80+ 70+ 60+ Domestic Demand 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 Quantity 27. Refer to Figure 9-22. Suppose the government imposes a tariff of $20 per unit. With trade and a tariff, consumer surplus is a. $75,000 and...
Search this COU 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 O 180 170 Domestic Supply 160 150 140 130 120 110 100 90 80 70 60 50 o 40 30 20 Domestic Demand 10 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 Refer to Figure 9-22. With free trade, consumer surplus is a. $48,000...
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. 1 Price Domestic Supply - -- 90 80+ 70+ 60+ Domestic Demand 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 Quantity 26. Refer to Figure 9-22. Suppose the government imposes a tariff of $20 per unit. With trade and a tariff, total surplus a. $96,000. b. $114,000....
21) Refer to Figure 9-17. Without trade, consumer surplus is 1 point Figure 9-17 1 Price Domestic Supply World price + tariff World Price Domestic Demand 4 8 12 16 20 24 28 32 36 40 44 48 52 56 60 64 68 72 76 80 84 88 92 96 100 Quantity O a. $400 and producer surplus is $200. b. $400 and producer surplus is $800. O c. $1,600 and producer surplus is $200. O d. $1,600 and producer...
Figure 9-12 Price Domestic Supply World Price Domestic Demand 200 400 600 800 1000 1200 1400 Quantity 62. Refer to Figure 9-12. With trade allowed, this country a. exports 200 units of the good. c. imports 200 units of the good. b. exports 400 units of the good. d. exports 800 units of the good. 63. Refer to Figure 9-12. With trade, the domestic price and domestic quantity demanded are a. $18 and 400. c. $14 and 400. b. $18...
(1.67pts) 3) Figure 9-21 The following diagram shows the domestic demand and domestic supply for a market. In addition, assume that the world price in this market is $40 per unit. Domestic Supply R388822aa8an Domestic Demand 2400 2300 Quinny 400 300 1200 1600 2000 Refer to Figure 9-21. With free trade allowed, this country exports 200 units of the good. exports 400 units of the Refer to Figure 9-21. With free trade allowed, this country exports 200 units of the...
Figure 9-3. The domestic country is Jamaica. Calculalors $27 Doiestic Supply World Price Domestic Demand 2 0 Quantity of Calculators U150300 400 Refer to Figure 9-3. Producer surplus in Jamaica without trade is $8,700 o $1,500 O $2,250 $375 $2,000
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....
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