Question: In a world with two countries: Autarky: Graph the equilibrium for each country Calculate consumer and producer surplus for each country Calculate the total surplus

In a world with two countries:
Autarky:
Graph the equilibrium for each country
Calculate consumer and producer surplus for each country
Calculate the total surplus for the world economy
Trade without frictions:
Calculate the world equilibrium price and quantities traded
Calculate consumer and producer surplus for each country
Calculate the total surplus for the world economy
Trade with tariffs.
Assume the importing country imposes a $10 tariff.
Calculate the world equilibrium price and quantities traded
Calculate consumer and producer surplus for each country
Calculate the total surplus for the world economy
Country 1:
Pd=50-14Qd
Ps=10+2Qs
Country 2:
Pd**=50-2Qd**
Ps**=5+12Qs**
In a world with two countries: Autarky: Graph the

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