The world price of a refrigerator is $716. The value of imported components used to make the refrigerator is $311. The tariff on imported refrigerators is $83. What is the effective rate of protection for refrigerators? ___%
Q: What is the macroeconomic cost of unemployment? social stress inflation national…
A: Unemployment has a direct effect on countrywide production because when people are unemployed, they…
Q: Consider the following game of incomplete information played by a worker (W) and a firm (F). M' c' N…
A: There are two players : Worker & Firm Strategy Set of Worker : { E , N }Strategy Set of Firm :…
Q: Ci and Yi are consumption and income at period i (i=1, 2). When the world interest rate is r…
A: Utility, in economics, refers to the satisfaction or happiness derived by an individual from…
Q: Year 1 Good X 50 Good Y 100 Production Year 2 50 120 Table 2 Year 3 60 140 Year 1 $1.00 $0.60 Prices…
A: GDP or gross domestic product is the sum of the value of all end commodities produced within the…
Q: Rod N. Reel owns a dealership that sells fishing boats in an open price-searcher market. To develop…
A: Total Revenue (TR) can be calculated by multiplying the given price function with quantity as…
Q: How is my answer correct? from what I heard f 0 is minimum. the Q = 6.5 is above 0 which means its…
A: What you heard is second derivative test not function itself
Q: Cost (dalars) 120 100 80 8 9 R (10 TVC 16 TFC OURH n the above figure, what is the total cost of…
A: Total cost refers to the overall expense incurred by a business or individual in producing goods or…
Q: This problem asks you to examine the welfare effects of opening trade between the two countries.…
A: There are two countries which are trading : US & ROW We need to find the domestic market…
Q: Draw a per-worker aggregate production function for Syria before the civil war. Choose some point A…
A: This question is asking you to use the economic growth model to analyze the effects of the civil war…
Q: 6a. In a market where the supply curve is inelastic, how does an excise tax affect the price paic by…
A: In a market where the supply curve is inelastic, the imposition of an excise tax could have a…
Q: Zetterberg Builders is given two options for making payments on a brush hog. Find the value of X…
A:
Q: 2- Find the profit of the machine, which its details are shown below: (i = 10%) Useful life (9…
A: Present value in economics refers to the concept of determining the current worth of future cash…
Q: Suppose that bicycles are made in the United States out of a combination of domestic and foreign…
A: Disclaimer : - since you asked multipart question then we are solving the first 3 subparts s per…
Q: The accompanying diagram shows demand and long-run cost conditions in a price-searcher market with…
A: A monopoly refers to a market arrangement where a single entity holds exclusive control over the…
Q: What does scale of operation refer to, and what does it depend on? O a. It refers to the amount of…
A: Scale of operation describes the size or magnitude of a firm's production or business activities.…
Q: A baker can produce two products: cupcakes and pies. The table below is the baker's production…
A: The value of alternative opportunities foregone and sacrificed to acquire one unit of a commodity is…
Q: Which of the following graphs represents the macroeconomic effects of a decrease in spending on…
A: Aggregate demand refers to the total demand for commodities and services made by all the economic…
Q: The Marketplace of Perceptions _Craig Lambert_.pdf Just as "perfect competition" may be more of an…
A: Economic man is economists' model of human behaviour when examining market behaviour. The sensible…
Q: $19 16 13 10 0 100 MC 160180 210 Quantity MR ATC D Assume all monopolistically competitive firms in…
A: Under monopolistic competition, there are many sellers, however, the products produced by each…
Q: You have just woken up and are trying to decide whether to attend an upcoming lecture. The following…
A: Opportunity cost is the benefit obtained from another option that is not chosen by an individual.
Q: Consider the following multiple output cost function: C(Q1, Q₂) = 100+ 0.5Q1Q2 + (Q₁)² + (Q₂)²…
A: Fixed costs are costs that do not vary with the level of production and remain constant regardless…
Q: Use Excel to solve this problem. Northern Engineering is analyzing a mining project. Annual…
A: Present worth analysis, also known as net present value (NPV) analysis, is a financial evaluation…
Q: 5. APK function is given by: APL=KL+4. At the moment producer uses 10 units of capital and 20 units…
A: Production function is the way to express relation among the quantities of factor which are using…
Q: Question With a economic expansion from D0 to D1 seen on the figure below, what will be the new wage…
A: A labor market is the dynamic exchange of labor between employers and employees. Employers seek…
Q: A) What is the size of the labor force? B) What is the official unemployment rate (U3) (Number-NOT…
A: (According to Bartleby guidelines we are allowed to answer only 1 question at a time, it is…
Q: Suppose you inherited $6,000 from your father's brother. You would like to take a trip to Australia…
A: GivenPresent value (inherited amount) P=$6000Cost of Australia trip =$13000 so future value…
Q: In the late 1990s, car leasing was very popular in the United States. A customer would lease a car…
A: Adverse selection is a type of market failure that occurs due to the presence of asymmetric…
Q: A __________ is a set of statements with identifiable components that helps scientists explain how…
A: A theory of family functioning is an essential tool in the field of family science that helps…
Q: Suppose the economy is described by the following: C = 50+ 0.8 (Y-T) lp = 200 G = 100 T = 100 What…
A:
Q: now that the gover yed by all market 11 narket is equ
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: jack consumes bananas and cheese. y units of cheese costs f(y) = ________ liras. Bananas have usual…
A: We take f(y)=2y, that is unit price of cheese is py= 2 liras.Unit price of Bananas is px= 5…
Q: Price $ 30 28 25 20 15 10 Qd Old 15 16 20 24 25 30 Qd Young 2 3 7 12 18 25 What is the best price to…
A: Revenue is a crucial financial metric that indicates the level of sales or business activity and…
Q: On Demand HD Providers Names TV Now HD Now Charges $14.99 $19.00 $10.99 $14.99 Number of Subcribers…
A: A pivot table takes a dataset with multiple rows and columns and allows the user to rearrange and…
Q: A monopolistic public enterprise aims at achieving the optimum distribution of productive forces.…
A: In a monopoly, there is a single firm that has exclusive control over the market for a particular…
Q: What type of demand for money comes from demanding money for unforeseen expenses? Group of answer…
A: Money demand: the amount of wealth needed to be held in the form of money at a particular point of…
Q: Describe the major challenges societies face. Define the term “knowledge worker” Who coined the…
A: A knowledge worker refers to an individual who primarily deals with the creation, management, and…
Q: Consider the following extensive form game with perfect information: I 22 T 1. S 2 C 1 E O B (¹) (9)…
A: Game theory:- The theoretical framework for imagining social scenarios with rival participants is…
Q: Consider the following situation in the Canadian banking system: The Bank of Canada purchases $3…
A: Excess Reserve:The quantity of reserves retained by a bank that is higher than what the Federal…
Q: The process by which people try to control the images that other people form of them is called:…
A: The statement refers to a process in which individuals actively try to influence or shape the way…
Q: Research the amount of FDI Ireland receives each year and from whom. Discuss where that money is…
A: The European Union (EU) economy is an essential global influence, with businesses covering…
Q: Porter’s theory of competitive advantage highlights the nature of competition and the idea that…
A: The revised paragraph provides a more comprehensive analysis of the theories and their implications…
Q: Beverly spends $100 on a teeth whitening kit. After one application, her gums are inflamed and it…
A: Opportunity cost:It refers to sacrificing one good for an additional unit of another good. In…
Q: Suppose that every driver faces a 2% probability of an automobile accident every year. An accident…
A: Insurance is a contract between an individual or an entity (the policyholder) and an insurance…
Q: Refer to the figure from the World View to answer one question. Saudi Arabia United States China…
A: Government Budget balance: Government budget can be expressed as the difference between the budget…
Q: Ci and Yi are consumption and income at period i (i=1, 2). When the world interest rate is r…
A: Utility, in economics, refers to the satisfaction or happiness derived by an individual from…
Q: Suppose that your bank's reserve ratio is 0.2 and you deposit $50,000 into the bank. Assume that the…
A: Note: “Since you have posted multiple questions, we will provide the solution only to the first…
Q: Suppose the consumption function is C-$700 billion+08Y and the government wants to stimulate the…
A: Aggregate demand refers to the total demand for commodities and services made by all the economic…
Q: Evaluate how demand and supply in Jamaica affect and determine the country's foreign exchange rate
A: The value at which one currency can be exchanged for another currency is termed the 'foreign…
Q: If all of the firms in an industry are making positive economic profit, what does it mean for those…
A: Economic profit is a measure of profitability that considers both explicit and implicit costs. It…
Q: The diagram above shows kinked demand and marginal revenue curves for a non-collusive oligopolist.…
A: A kinked demand curve shows the interdependent behaviour of firms in an oligopoly market structure.
The world price of a refrigerator is $716. The value of imported components used to make the refrigerator is $311. The tariff on imported refrigerators is $83.
What is the effective rate of protection for refrigerators? ___% (round to two decimal places)
(No chatgpt answer)
Step by step
Solved in 3 steps with 2 images
- A6 Import tariff on a manufactured product in a country Y equals 15 % while tariff on imported raw materials to produce such a product is 2%. In price of the final product, value of imported raw materials makes up 50%. Calculate the effective rate of protection for domestic manufacturing in the country Y.PRICE (Dollars per ton) 865 Domestic Demand 830 795 760 725 690 655 620 585 550 515 7 0 40 80 Domestic Supply PW 120 160 200 240 280 320 360 400 QUANTITY (Tons of oranges) If Honduras is open to international trade in oranges without any restrictions, it will import A tariff set at this level would raise $ Suppose the Honduran government wants to reduce imports to exactly 160 tons of oranges to help domestic producers. A tariff of $ will achieve this. tons of oranges. in revenue for the Honduran government. per tonof The following graph shows the domestic supply of and demand for oranges in Jordan. The world price (Pw) of oranges is $780 per ton and is represented by the horizontal black line. Throughout the question, assume that the amount demanded by any one country does not affect the world price of oranges and that there are no transportation or transaction costs associated with international trade in oranges. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. PRICE (Dollars perton) 1220 1165 1110 1055 1000 045 + 890 835 780 725 670 Domestic Demand 0 30 60 Domestic Supply 8 00 120 150 180 210 QUANTITY (Tons of nrannee) W 240 270 300
- 2 Kwame is the purchasing manager for an electronics firm in North Carolina. He purchases a large quantity of diodes from NXP Semiconductors in the Netherlands, a manufacturer of diodes. What kind of export or import transaction does this represent? a indirect export b direct import c indirect import d direct export41) A tariff is a tax imposed by a government on its own exports. T or FIn Exercise 33.31, is there an ask where Venezuelans may say no thank you to trading with Canada?
- PRICE (Dollars per ton) 980 Domestic Demand 930 880 830 780 730 680 630 580 530 480 0 50 Domestic Supply Pw 100 150 200 250 300 350 400 450 500 QUANTITY (Tons of oranges) If Zambia is open to international trade in oranges without any restrictions, it will import A tariff set at this level would raise $ ? Suppose the Zambian government wants to reduce imports to exactly 200 tons of oranges to help domestic producers. A tariff of $ will achieve this. tons of oranges. in revenue for the Zambian government. per tonHow can authorities of a country effectively limit the import quantities in a countryWho does protectionism protect? From what does it protect them?
- PRICE (Dollars perton) 1225 1180 1135 1090 1045 1000 955 910 865 820 775 Domestic Demand + 0 30 Domestic Supply 60 90 120 150 180 210 QUANTITY (Tons of limes) 240 C++ P W 270 300 If Zambia is open to international trade in limes without any restrictions, it will import tons of limes.If the United States were to lift existing tariffs on steel imports: Question 32 options: A.the supply of steel shifts to the right and lowers its market price. B.the demand for steel shifts to the right. C.the supply of the imported steel shifts to the left and raises its market price. D.the demand for steel shifts to the left and raises its market price. Please type out the correct step by step answer with proper explanation of the each option given within 40 50 minutes . Will give you thumbs up only for the correct answer. Thank you .How much revenue does the government receive with this import tariff? Note- the amount imported is 80 goods. Idk how to calculate this