Determine what is the imported quantity at economy

Assignment Help Econometrics
Reference no: EM13239897

Consider the Home country with the demand curve for iPods given by
P = 500 -10Q,
and the Home supply curve given by
P=40Q.

Assume that Home is a small economy, and the world price is given by $60. If the Home's government wants to collect tariff revenues and uses the import tariff of $100, what is the imported quantity, given this tariff.

Reference no: EM13239897

Questions Cloud

Calculate the maximum desired speed limit : Given that the goal is to allow all vehicles to come safely to a stop before reaching the intersection, calculate the maximum desired speed limit
State what is the form of the intergrated rate law : What is the form of the intergrated rate law which will produce a strait line if the reaction shown in eq. 14.11 is 0th order with respect to [dye]? 1st order with respect to [dye]? 2nd order with respect to [dye]
Calculate market output-price and consumer surplus : industry demand curve equals Q=900-100P and the long run average cost is a constant $1.50 per unit of output. Calculate market output, price, consumer surplus, and producer surplus in a competitive market.
Find the average sound level : 13 cars in a circle at a boom box competition produce a 110 dB sound level at the center of the circle. What is the average sound level produced there by each
Determine what is the imported quantity at economy : Assume that Home is a small economy, and the world price is given by $60. If the Home's government wants to collect tariff revenues and uses the import tariff of $100, what is the imported quantity, given this tariff.
What is the drift speed of the conduction electrons : An aluminum wire with a diameter of 0.105 mm has a uniform electric field of 0.295 V/m imposed along its entire length, What is the drift speed of the conduction electrons
In which country should the company locate its new plant : As head of the planning division of Eastern Motors, your job is to determine where to locate a new plant. The only inputs used in your cars are steel and labor and the production function is Cobb{Douglas where f(S;L) = S^0.5L^0.5
Define the complete neutralization reaction : Which of the following equations represents the proper net ionic equation for the complete neutralization reaction between the strong base KOH (aq) and the weak acid HF (aq)
What is lamda the linear charge density along the arc : A total charge Q = 2.7 mC is distributed uniformly over a quarter circle arc of radius a=9.3 cm, What is lamda the linear charge density along the arc

Reviews

Write a Review

Econometrics Questions & Answers

  Estimate will farma reap 500000 dollar in additional revenue

Farma Inc. is working on the development of a new drug to combat Fingulesa. It has identified two strategies to pursue. Strategy one has a probability of success of 40% and strategy 2 has a probability of success of 60%.

  Will the future production possibilities curve for nation

Like Physical capital, human capital produced in the present can be applied to the production of future goods and services. consider the table in Problem, 2-11, and suppose that the nation's residents are trying to choose between combination C and..

  Calculate the net present value for the venture

A business invested $12,000 in a piece of equipment which helped reduce labor costs by $2,000 annually and reduced rejects by an estimated $1,800 annually. After 5 years, the machine has to be replaced by a new machine for the same cost.

  What is increase or decrease in commercial banks reserves

(2) What increase or decrease in the commercial banks' reserves took place in each transaction (3) Assuming a reserve ratio of 20 percent, what change in the money-creating potential of the commercial banking system occurred as a result of each tr..

  Find the probability that no major mill closures will occur

Wood products industry officials now claim that major mill closures over noneconomic issues occur at a rate of one every six months. Assume that this rate is accurate. a. Find the probability that no major mill closures will occur during a given ye..

  Describe coase bargaining by defining the coase theorem

Consider the market for cement production. Suppose that cement production emits a cloud that causes breathing problems for people that live in the neighborhood, thus creating health problems for by-standers.

  Multicollinearity impact om regression analysis

Multicollinearity refers to existence of correlation among the independent variables in a multiple regression model. Explain how multicollinearity can impact your regression analysis.

  Why a snow removal company is planning to diversify

A small business owner who owns/operates a snow removal company is planning to diversify and begin installing in-ground swimming pools to enhance his income for the next two years. He forecasts that he and his employees will be able to install16 i..

  What are the advantages of using actual values

Five Debates over Macroeconomics Policy,  Economist John Taylor has suggested that the Fed use the following rule for choosing its target for the federal funds interest rate (r): r= 2% + p + 1/2 (y-y*) / y* + 1/2 (p - p*), Where p is the average of..

  Describe what is the governments tax revenue

Economic 101 The supply of luxury boats is perfectly elastic, the demand for luxury boats is unit elastic, and with no tax on luxury boats, the price of luxury boats is $1 million and 240 luxury boats a week are brough. now luxury boats are taxed ..

  How much can wilma expect to sell her bond for

Wilma bought a 10-year $1000 bond when the interest rate was 5% per year. So her bond would provide her with $50 at the end of each of ten successive years; and the $1000 is also returned at the end of ten years.

  How many units are produced at the second facility

1) What total output (Q1 + Q2) will you produce to maximize profits 2) Of the total output in part (1), how many units are produced at teh first facility (what is Q1) 3) Of the total out put in part (1), how many units are produced at the second faci..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd