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###### Economic Growth Makes Politicians

Access the article at the URL given above and read it carefully. Based on your reading, answer the questions in the spaces below. Use full sentences and show all necessary working but do not use more ...

Type

Home Work

Subject

Economics

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###### Project context and proposal

1. Outline and explain the rational actor paradigm. Give any two examples of when it has not held.    2. Outline the advantages and disadvantages of using net present value and break ev ...

Type

Home Work

Subject

Economics

11 Pages
###### Typhoon Goni

Assessment Assignment questions Short answer questions (references not needed) Question 1 Using a supply and demand model explain why the price of vegetables in Metro Manila almost doubled after Typho ...

Type

Home Work

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Economics

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###### COSC3325 Information Systems in Organizations

Task: Research Topic: You will research the impacts of COVID-19 on the world taking into consideration its power as global business pressure, which imposes significant repercussions never imagined. ...

Course

COSC3325

Type

Programming

Subject

Economics

University

University of Houston

### Question

Question 1: The Optimal Tariff Rate

Suppose home country Hogwarts is a big country and is a net importer of Bezoar. The demand for Bezoar in the home country is Q = 80 − p. The domestic supply is Q = 2 p − 10 and the foreign country's export supply is Q = 3 p − 6.

(a) Find the free trade equilibrium, i.e., the equilibrium world price, quantity of domestic demand, quantity of domestic supply, and the quantity of imports.

(b) Suppose the home country decides to impose a tariff of \$t per unit on imports of Bezoar. Derive the new equilibrium, express the following as formulas of t, the world price, the domestic price, the quantity of domestic demand, domestic supply, and the quantity of imports

(c) Explain the three changes in national welfare. Write down a mathematical expression for the total change in national welfare as a function of the tariff rate t, in comparison with the free trade scenario.

(d) Give an analytical or mathematical argument for why the optimal tariff is greater than zero.

(e) Calculate the optimal tariff rate t*.

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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Q

Access the article at the URL given above and read it carefully. Based on your reading, answer the questions in the spaces below. Use full sentences and show all necessary working but do not use more space than is given here. Other references are not necessary but, if you do use any (for example, on ...

Q

1. Outline and explain the rational actor paradigm. Give any two examples of when it has not held.    2. Outline the advantages and disadvantages of using net present value and break even analysis as criteria for assessing a firm’s investment decision.   3. An ice crea ...

Q

Assessment Assignment questions Short answer questions (references not needed) Question 1 Using a supply and demand model explain why the price of vegetables in Metro Manila almost doubled after Typhoon Goni hit this area in August 2015. (4 marks) Question 2 a. On hearing the federal government's pl ...

Q

Task: Research Topic: You will research the impacts of COVID-19 on the world taking into consideration its power as global business pressure, which imposes significant repercussions never imagined. You should start to read/collect material about the economic and social stress caused by the social ...

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