1)Suppose two firms owned by Trump Corporation and Koch Industries are currently emitting 8,000 tons of pollution each. Abatement costs for Trump…
September 3, 2020
On one dollar raised from owners, a company is expected to generate a rate of return of 5%. Normally this company returns 75% of its profits to its…
September 3, 2020

. [A nation] is “small”, unable to affect world prices. It imports peanuts at the price of $10 per bag. The demand curve is D=800-20PThe supply curve is S=100+10PDetermine the free trade equilibrium. Then calculate and graph the following effects of an import quota that limits imports to 100 bags.

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