Assume that the government at home decided to use the, Econometrics

+44 141 628 6080
[email protected]

Assume that the government at home decided to use the

Consider the Home country with the demand curve for iPods given by
P = 500 -10Q, and the Home supply curve given by
P=40Q. Now assume that Home is a large economy, which trades with the rest of the world.
Assume that the Foreign export supply curve is given by
P=2Qexp.
(a) Calculate the world price of an iPod. How much is imported by Home at this price?
(b) Assume that the government at Home decided to use the import tariff of $100. Calculate the new world price, the new imported quantity and the tariff revenues collected by the government.
(c) Compare the tariff revenues calculated in parts (b) and (d). If they are the same, does it mean that the government in each case will achieve the same welfare gains?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Econometrics: Assume that the government at home decided to use the

Reference No:- TGS0578623

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Econometrics

Q : 13 cars in a circle at a boom box competition produce a 110

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

Q : Industry demand curve equals q900-100p and the long run

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.

Q : What is the form of the intergrated rate law which will

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]

Q : Given that the goal is to allow all vehicles to come safely

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

Q : Assume that the government at home decided to use the

Assume that the government at Home decided to use the import tariff of $100. Calculate the new world price, the new imported quantity and the tariff revenues collected by the government.

Q : For a protein w a molar mass of 1x10 6 u calculate the

For a protein w/ a molar mass of 1x10 6 u, calculate the molar concentration required to obtain an osmotic pressure of 10 matm at 25 degrees C.

Q : An airplane with a speed of 998 ms is climbing upward at an

An airplane with a speed of 99.8 m/s is climbing upward at an angle of 43.2 ° with respect to the horizontal, Calculate the distance along the ground, measured from a point directly beneath the point of release

Q : A 1000 ml sample of water from a salt lake has a chloride

A 100.0 mL sample of water from a salt lake has a chloride ion concentration of 0.25 M. Does AgCl (s) precipitate from solution if 5.0 mL of 0.10 M AgNO3 (aq) is added to the sample

Q : For either route the volume of traffic will be 400000 cars

For either route, the volume of traffic will be 400,000 cars per year. These cars are assumed to operate at $0.25 per mile. Assuming a 40-year life for each road and an interest rate of 10%, determine which route should be selected.

1953031

Questions
Asked

3,689

Active Tutors

1424593

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Econometrics: Assume that the government at home decided to use the

Reference No:- TGS0578623

Have a Question? (oR Write a Review)

Recent Questions Asked Econometrics

Q : 13 cars in a circle at a boom box competition produce a 110

Q : Industry demand curve equals q900-100p and the long run

Q : What is the form of the intergrated rate law which will

Q : Given that the goal is to allow all vehicles to come safely

Q : Assume that the government at home decided to use the

Q : For a protein w a molar mass of 1x10 6 u calculate the

Q : An airplane with a speed of 998 ms is climbing upward at an

Q : A 1000 ml sample of water from a salt lake has a chloride

Q : For either route the volume of traffic will be 400000 cars

How are baby behaviors in the strange situation

Discuss major benefit to use of complementary therapies

Review family and addiction, dysfunctional precursor

Discuss about executive attention and salience networks

What adler believed that human nature consisted of

What is a connectome and how does it affect neural activity

Is structuralism still alive today

Request for Solution File

Ask an Expert for Answer!!

Econometrics: Assume that the government at home decided to use the

Reference No:- TGS0578623

Recent Questions Asked Econometrics

Q : 13 cars in a circle at a boom box competition produce a 110

Q : Industry demand curve equals q900-100p and the long run

Q : What is the form of the intergrated rate law which will

Q : Given that the goal is to allow all vehicles to come safely

Q : Assume that the government at home decided to use the

Q : For a protein w a molar mass of 1x10 6 u calculate the

Q : An airplane with a speed of 998 ms is climbing upward at an

Q : A 1000 ml sample of water from a salt lake has a chloride

Q : For either route the volume of traffic will be 400000 cars

Asked Questions