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Quota. Determine the SWL.
D: P = 840 - 3Q
S: P = 240 + 3Q
Quota: Q = 80.
D: P = 840 - 3Q S: P = 240 + 3Q In equilibrium quantity demanded equals quantity supplied at equilibrium price, so: 840 - 3Q = 240 + 3Q,...
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Two Step Tariff. Determine the equivalent quota.
D: P = 124 - 2Q
S: P = 44 + 2Q
Tariff: P = 40.
D: P = 124 - 2Q S: P = 44 + 2Q. In equilibrium Qd = Qs and P is the same, so: 124 - 2Q = 44 + 2Q,...
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Three Step Tariff. Determine the Total Tariff.
D: P = 400 - Q
SD: P = 40 + Q
Sw: P = 80
Tariff: P = 40
Determine the SWL. D: P = 400 - Q SD: P = 40 + Q. In equilibrium Qsd = Qd, so: 400 - Q = 40 + Q, 2Q =...
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Suppose the equation of the line changes to P= -5×Q+70. Compute the quantity demanded at each indicated price.
Price: 50, Quantity:
Price: 40, Quantity:
Price: 30, Quantity:
Price: 50, Quantity:50 = -5Q + 705Q = 70 -505Q = 20Q = 4Price: 40, Quantity:40 = -5Q + 705Q = 30Q = 6Price: 30, Quantity:30 = -5Q + 705Q...
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À government is considering a quota and a tariff, both of which will reduce imports by the same amount. Why might the government prefer one of these policies to the other?
The government might prefer a quota when the quantity of imports is to be limited in order to increase the level of domestic production.On the other hand, the government might...
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At the medium level of demand (D M), the equilibrium price will be $________ and the equilibrium quantity will be ________ units.
If 100 units of output is the optimal and most profitable level of production for the firm, then at the medium level of demand (D M), the equilibrium price will...
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Suppose the market for loanable funds is in equilibrium. If disposable income increases, the equilibrium real interest rate ________ and the equilibrium quantity of loanable funds ________.
decrease increase
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Beyond industrial protection, are tariff walls a form of tax shifting because the Government gets the revenue from the tariff, but the consumer pays it in higher prices?
Beyond industrial protection, tariff walls are a form of tax shifting because tax shift is a change in taxation that eliminates or reduces one or several taxes and establishes or...
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Q.1.4 Company tax is a: (2) (1) Progressive, direct tax; (2) Progressive, indirect tax; (3) Proportional direct tax; (4) Regressive indirect tax.
Company tax is a progressive direct tax.(1)
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Namibia import most of its goods, and to encourage local production it can levy a tariff on imports. Discuss the effects of a tariff on an importing country such as Namibia.
Namibia being a developing country and a country dependent mostly on its imported goods, imposing a tariff would have a directly effect on both the consumers and the producers.When the...
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