Refer to the figure below and answer the questions that follow: 2. Refer to the figure below and answer the questions that follow:World marketU.S. marketSworldSus.0.400.300.300.20Dus.Dworld0 26 8 10 12 Q4Millions of apples per dayMillions of apples per daya. At the world price of 30 cents per apple the United States importsmillion applesper day.b. If a 10-cent-per-apple tax is levied on imported apples, the United States will importmillion apples per day.Assume that initially there is free trade. If the United States then imposes a 10-cent tax perС.apple what are the changes that happen in the market?Price ($)

2. Refer to the figure below and answer the questions that follow: World market U.S. market Suorld 0.40 0.30 0.30 0.20 Dus. 0 2 10 12 Q Millions of apples per day Millions of apples per day a. At the world price of 30 cents per apple the United States imports per day. million apples b. If a 10-cent-per-apple tax is levied on imported apples, the United States will import million apples per day. c. Assume that initially there is free trade. If the United States then imposes a 10-cent tax per apple what are the changes that happen in the market? Price ($) Price ($)

2. Refer to the figure below and answer the questions that follow: World market U.S. market Suorld 0.40 0.30 0.30 0.20 Dus. 0 2 10 12 Q Millions of apples per day Millions of apples per day a. At the world price of 30 cents per apple the United States imports per day. million apples b. If a 10-cent-per-apple tax is levied on imported apples, the United States will import million apples per day. c. Assume that initially there is free trade. If the United States then imposes a 10-cent tax per apple what are the changes that happen in the market? Price ($) Price ($)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 2
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Course: Introduction to Microeconomics1. Our students Francisca and Javier have a heated discussion about Axioms of Preference and Rational Consumer Choice, from which they raise questions and reflections regarding topics seen in class. You are asked to comment on each of these statements, justifying whether statement is true, false or uncertain. You should be supported by graphic analysis as appropriate.Statements that our students arrive at are as follows:(a) To have consistent ordering and represent convex indifference curves, only Axioms of order (Monotonicity) and Transitivity are needed.b) For a consumer to find equally preferred baskets from an initial basket, he must establish a substitution relationship between goods to stay on same indifference curve.c) Given consumer's income, the best he can do with respect to his consumption decision, is to find a situation where marginal utility per weight spent on good X is equal to marginal utility per weight spent on good Y.
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Unemployment Question The small country of Macroland has a population of 100,000 people over the age of 18 and under 65. There are 50,000 people under the age of 18, and 20,000 people over the age of 65. The number of people between ages of 18 and 65 that are looking for jobs is 20,000, and the number that have jobs is 50,000. Using this information, answer the following questions. Show your work. These are numbers for the month of January. а. What is the labor force of Macroland for people between the ages of 18 and 65 in January? b. What is the unemployment rate of Macroland for people between the ages of 18 and 65 in January? What is the labor force participation rate of Macroland for people between the ages of 18 and 65 in January? с. Now assume there were some changes in February. Of the people between the ages of 18 and 65 in Macroland, about 2000 who were looking for work now dropped out of the labor market, and stop looking for work. In addition, 8000 people who were previously…
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Write 4-5 sentences for each chart. Analyze the data and answer or summarize reason for answer. Submit assignment as word document FIGURE 11.2 Changes in College Enrollment, by Sex What percentages of U.S. college students are female and male? 70 70% 65 65 Men IWomen 62 60% 59 60 58 56 57 55 52 52 50% 48 48 45 44 41 42 43 40% 38 40 35 35 30% 30 20% 10% 0% 1900 1910 1920 1930 1940 1950* 1960 1970 1980 1990 2000 2010** This sharp drop in female enrollment occurred when large numbers of male soldiers returned from World War IlI and attended college under the new GI Bill of Rights. ** Projection by U.S. Department of Education 2008. Source: By the author. Based on Statistical Abstract of the United States 1938:Table 114; 1959 Table 158; 1991:Table 261; 2011:Table 273. Examine Figure 11.2 "Changes in College Enrollment, by Sex." 1) Provide several reasons why the enrollment trends reversed between 1970 and 1980. Percentage