P 25₁ 20 15 10 5 COUNTRY 1 s1 IP d1 Q 0 3 6 9 1215182124 INTERNATIONAL MARKET P 25 20 15 10 5 0- 0 3 6 9 1215182124Q 1. What will be the quantity demanded by country 1 from the rest of the world at a price of 5? O a) 6 O b) 9 O c) 12 O d) 15 25 20 15 10 D2 5 S2 S1 P -IP D1 0- COUNTRY 2 s2 CIP d2 0 3 6 9 1215182124Q
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- Question 17 Refer to Figure 3-1 in Question 16. Assume the situation starts as in the previous problem (Income=$100, price of pizza slice-$5, price of taco-$5). Now assume tortilla shortage arises which causes the price of a taco to increase from $5 to $10. 1. a) Will this price increase cause Tom's budget constraint to PIVOT (one intercept moves, the other doesn't) or SHIFT (both intercepts move)? [Select] 1. b) What bundle will he choose now? [Select]Can extreme levels of pollution hurt the economic development of a high-income country? Why or why not?Recycling is a relatively inexpensive solution to much of the environmental contamination from plastics, glass, and other waste materials. Is it a sound policy to make it mandatory for everybody to recycle?
- What is the free rider problem?How can high-income countries benefit from covering much of the cost of reducing pollution created by low-income countries?Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all local people to enter the parks or to injure either the elephants or their habitat in any way. In a second approach, the government sets up national parks and designates 10 villages around the edges of the park as official tourist centers that become places where tourists can stay and bases for guided tours inside the national park. Consider the different incentives of local villagers-who often are very poor-in each of these plans. Which plan seems more likely to help the elephant population?
- 2. only1,050,000 1,000,000- 950,000 Price (dollars per car), 900,000- so850,000- 800.000 2750,000- 700,000- 650,000- 600,000+ 0 Fred 8 Michel 1 2 Hua ****** $5200000 3 4 5 John Marty Bob Blaise 8 9 Quantity Demanded(cars per year) If the price of a Spyder drops to $650,000, Instructions: Enter your responses as a whole number. a. how many Spyders can be sold at that price? b. how much consumer surplus will there be if all the cars are sold at that price? Combined consumer surplus: $ c. how much revenue (= price x quantity) will the car dealer get if he sells all the cars at (1) the same price ($650,000)? (ii) the maximum price each buyer is willing to pay?urgently neeed
- V1 why is becoming suppliers for foreign firms a good stragey when evntering a foreign marketities/97507c54-29b3-4b89-bbid-c07ca40b872e/curiosity-feed?section=ef2825d6-34c2-4bae-8d5b-fec67cf63218 MY COMMUNITY ST Questions Bilal A Student at 0 Asked by Sara Kress Bloomingto 8 Student at Indiana University Bloomington 5 Availabl 0 Do you think taxing household carbon emissions would decrease the amount they would spend on gas and heat, and therefore My Questions have a positive impact on the environment? 2 All-Time Are gas and heat normal or inferior goods? Track my own par Will people continue to produce the same amount of carbon emissions no matter the price? ABOUT THIS COMMUN Graf - ECON 201 - Add Response 0 Responses Options 11:51 PM, 9/28/2019 Microeconomics 289 Student learners 0 532 Questions asked 923 Responses shared Asked by Carrie Haltermnan Student at Indiana University Bloomington As more forests are cut down and burned, how will the elasticity of wood and its' compliments be effected? A-K Change Section THIS COMMUNITY'S PRC Trees are crucial to our life on Earth.…warten population manghe ecosystem's Carrying capacity? 6. We have the following data for Demand Price and Costs for our product. Quantity Demand Price Costs 300 100 $21.63 $35.35 $5040.00 $2347.67 500 $17.25 $7481.67 1000 $12.70 $12469.67 1500 $10.26 $16196.00 We have reason to believe that the Demand Price is a power (exponential) function of some kind. Our Cost function is close to linear, but we expect, from some market analysis, that it is in fact quadratic. Approximate this data with a Demand Price function and a Cost function. Explain how confident you are; that is, how much error do you think is reasonable in this type of scenario? 区