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suppose that the free=trade price of a domestic product is $10,000 and contains 25% imported components.Assume that the tariff on the final product is 10% and a 5% tariff is imposed on the imported components.
a) Illustrate what is the products price after the imposition of the tariff?
b) what is the domestic value added before and after the imposition of the tariff?
c) what is the effective rate of protection?
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil.
On the same day, the San Francisco Chronicle had an article with the headline "Sharp Drop in Bay Area Home Sales"
Illustrate what change in the economic enviJorgement led to this new equilibrium.
Make sure to include any important points or conversions. Please provide a copy of the article when turning in the paper so it can be reviewed.
Starting with the situation in part d, suppose the government starts taxing the population $30 each year without spending anything.
Avocado farmer, Mrs. Henny Brown is worried about wealth transfer also unjust taxation.
Assume which incidence of HIV in the population is .005. Compute the yearly premium of the 1st policy.
Assume that the marketplace for engagement rings is in equilibrium.
Wheat farmers will receive total revenues from consumers and the government totaling
Compare to provide also demand conditions in both locations. How many people live in every place.
As manager of City Racquet Club, you must determine the best price to charge for locker rentals.
Suppose that only data on in action were published but not on claims for unemployment. What would be a reaction of the USD/EUR in that case.
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