How much steel could the firm sell domestically, International Economics

Assignment Help:

Q. While selling exports it could also maximize its domestic sales by equating its marginal (opportunity) cost to its marginal revenue of $5. How much steel could the firm sell domestically, and at what price?

Answer: 4 million tons at $10/ton. 1

1003_Explain cost of production in terms of world trade.png


Related Discussions:- How much steel could the firm sell domestically

Explain why ems countries decided to fix their exchange rate, Q. Ex...

Q. Explain why the EMS countries decided to fix their exchange rates against the German DM? Answer: In this manner the other EMS countries in effect imported the credi

Trends in Internal Business, Since the 1990s there has been an increasing n...

Since the 1990s there has been an increasing number of Regional Trade Arrangements(RTA). According to WTO in 2012 the number of RTA increase 2 fold compared to the 90s to 497. Is r

Opportunity cost, what is the criticism of opportunity cost

what is the criticism of opportunity cost

Existence of external economies of scale, (a) Consider there are two countr...

(a) Consider there are two countries (country 1 and country 2) with two goods (X and Y). Further, under the assumptions of the Ricardian model, country 1 specialise in goods X. De

Gross barter terms of trade, tion..What is the range of gross barter terms ...

tion..What is the range of gross barter terms of trade ?

Significance of macroeconomic policy coordination, Q . Use the following ta...

Q . Use the following table to demonstrate the significance of macroeconomic policy coordination. Demonstrate that the two governments would have been happier if the two of them h

Describe forms of capital inflow to finance external deficit, Q. Describe a...

Q. Describe alternative forms of capital inflow to finance external deficits and explain why these methods were used in different times? Answer: The capital inflows to facili

Analysis of an international relations, International Relations (IR) G...

International Relations (IR) Goal : The goal of this writing assignment is for you to hone your skills in identifying accuracy or bias in movies or in "alternative" documentar

Iscuss the wage fund theory of wage determination, Economic Theory 1. ...

Economic Theory 1. Explain the procedure of factor price determination under imperfect competition. 2. Discuss the Wage Fund Theory of Wage Determination. 3. Explain the

Write Your Message!

Captcha
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