Business, 04.11.2021 21:20, fhishy11

Please help Open economy with supply curve (P = 6 + Q) and demand curve (P = 56 – 4Q) World price is 8 (Pw = 8)
a) Calculate CS, PS and import quantity at Pw

b) Government imposes specific tax equals to 4 (t = 4). Calculate new CS, new PS, government revenue and deadweight loss.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:30, marklynr9955

Resources that are valuable but not rare can be categorized asanswers: organizational weaknesses. distinctive competencies. organizational strengths. complementary resources and capabilities.

Answers: 1

continue

Business, 22.06.2019 01:40, lb4628830

Select the word from the list that best fits the definition sometimes

Answers: 2

continue

Business, 22.06.2019 02:40, shadow29916

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.

Answers: 2

continue

Business, 22.06.2019 03:40, levicorey846

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

Answers: 2

continue

Do you know the correct answer?

Please help Open economy with supply curve (P = 6 + Q) and demand curve (P = 56 – 4Q) World price...