What is the impact of the trade surplus or trade deficit

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Reference no: EM138293

Q1. (a) Express total profits (π) in terms of Q.

(b) Elucidate total profits maximized at which level of output? What price will be charged? What are total profits at this output level?

Q2. Explain how industrial regulation affects the market, the entities affected by industrial regulation in terms of market structure and why industrial regulation affects those initiates you have identified

Q3. What is the impact of the trade surplus or trade deficit upon the interest rates and currency exchange rates?

Reference no: EM138293

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