The market for computer in Costa Rica can be summarized by the following demand and supply...
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The market for computer in Costa Rica can be summarized by the following demand and supply equations: Demand: Qd = 2,200 -0.5Pc Supply: Qs = 1,800 + 2Pc a). For a closed economy, calculate the equilibrium price and quantity. Equilibrium Price: $ Equilibrium Quantity: b). If the world price for a computer is $100, calculate the quantity demanded and quantity supplied for an open economy. How many computers would Costa Rica import from other countries. Quantity Demanded: Quantity Supplied: Number of Computers Imported: c). In order to protect domestic computer manufacturers, the government of Costa Rica decided to impose a $20 tariff on any computer imported, please find the new quantity demanded and quantity supplied. Quantity Demanded with tarrif: Quantity Supplied with tarrif : d). If instead of imposing a tariff, the government of Costa Rica decided to implement a Quota on the number of computers imported. What would be the new quantity demanded and quantity supplied if the quota is 100 computers. Quantity Demanded with quota: The market for computer in Costa Rica can be summarized by the following demand and supply equations: Demand: Qd = 2,200 -0.5Pc Supply: Qs = 1,800 + 2Pc a). For a closed economy, calculate the equilibrium price and quantity. Equilibrium Price: $ Equilibrium Quantity: b). If the world price for a computer is $100, calculate the quantity demanded and quantity supplied for an open economy. How many computers would Costa Rica import from other countries. Quantity Demanded: Quantity Supplied: Number of Computers Imported: c). In order to protect domestic computer manufacturers, the government of Costa Rica decided to impose a $20 tariff on any computer imported, please find the new quantity demanded and quantity supplied. Quantity Demanded with tarrif: Quantity Supplied with tarrif : d). If instead of imposing a tariff, the government of Costa Rica decided to implement a Quota on the number of computers imported. What would be the new quantity demanded and quantity supplied if the quota is 100 computers. Quantity Demanded with quota:
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Market Equilibrium in Costa Ricas Computer Market a Closed Economy Equilibrium To find the equilibrium in a closed economywe set the demand and supply ... View the full answer
Related Book For
Intermediate Microeconomics and Its Application
ISBN: 978-0324599107
11th edition
Authors: walter nicholson, christopher snyder
Posted Date:
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