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Suppose that Congress imposes a tariff on imported autos to protect the U.S. auto industry from foreign competition. Assuming that the United States is a price taker in the world auto market, show on a diagram: the change in the quantity of imports, the loss to U.S. consumers, the gain to U.S. manufacturers, government revenue, and the deadweight loss associated with the tariff. The loss to consumers can be decomposed into three pieces: a gain to domestic producers, revenue for the government, and a deadweight loss. Use your diagram to identify these three pieces.
If the two firms could collude and agree on Explain how to split the total profits, Illustrate what outcome would they pick.
If a hard freeze eliminates premium coffee crop, illustrate what will take place to the price of premium coffee.
Think of any financial innovation in the past ten years
What is the function, as well as what are the main ingredients as well as connections within the policy planning network doing off describes.
In your opinion should our government impose price floors and/or price ceilings in our economy.
Suppose instead that use of the Sonoma county buy local currency is completely voluntary. Who is the most likely to use this currency.
How would I compare also contrast McDonald's strategies in China with those of Wal-Mart in Mexico.
What is the Law of Diminishing Returns. Discuss a company's two short run options: 1. stay open or 2. shut down.
If the college charges all students the same tuition, illustrate what tuition can it charge to cover all of its costs.
Identify one positive or negative supply shock in the last decade and what is the impact that the shock has had in our economy.
Board of directors has directed you to choose an output level that maximizes the firm's profit. You have an incentive to maximize profits because your job and salary depend on the profit performance of this company.
A pharmaceutical firm faces monthly demands in the U.S. and Mexican markets for one of its patented drugs.
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