Question: Can anyone please help me with these problems? I really need help guys please... Assume Home and Foreign countries both produce the same good. a.

Can anyone please help me with these problems?

I really need help guys please...

Assume Home and Foreign countries both produce the same good. a. Home's demand curve is D = 1250-50P, where D is quantity demanded and P is the competitive price. Home's competitive supply curve is given by MC = 4 + 81100, where S is quantity-supplied. Assuming P = MC and D=S, solve for Home's equilibrium price and quantity. b. Solve P when 3:0 and when D=0 in order to nd the vertical intercepts, and draw the supply and demand diagram. Solve for both consumer surplus and producer surplus. c. Foreign's demand curve is also D* = USO-SOP\

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