Exercise: The Economics of TradeInstruction: Identify the consumer surplus, producer surplus and total surplus with and withouttrade using the given data and illustration below. Provide a short explanation (2 paragraphs atmost).Analysis of tradeWithout trade,P = $30,000, Q = 400In world markets.Pw = $15,000Under free trade. $30,000how many TVs$15,000will the countryimport or export?Identify CS, PS, andtotal surplus withouttrade, and with tradePlasma TVs200 400 600D

Given A graph relating price and demand of plasma TVs.we need to find import and export value and…

Answered: most). Analysis of trade Without trade.…

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter1: Functions

Section1.3: Properties Of Functions

Problem 72E

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In Exercises 49-52, use the bar graph, which shows the receipts of the federal government (in billions of dollars) for selected years from 2008 through 2014. In each exercise, you are given the expenditures of the federal government. Find the magnitude of the surplus or deficit for the year. YearReceipts,RExpenditures,ERE20103457.1billion
In Exercises 49-52, use the bar graph, which shows the receipts of the federal government (in billions of dollars) for selected years from 2008 through 2014. In each exercise, you are given the expenditures of the federal government. Find the magnitude of the surplus or deficit for the year. YearReceipts,RExpenditures,ERE2008$2982.5billion
Cell Phone Plans Gwendolyn is mulling over the three cell phone plans shown in the table. Gigabytes GB of data included Monthly Cost Each additional megabytes MB Plan A Plan B Plan C 1 1 1 25.00 40.00 60.00 2.00 1.50 1.00 From past experience, Gwendolyn knows that she will always use more than 1GB of cell phone data every month. aMake table of values that shows the cost of each plan for 1 GB to 4 GB, in 500 MB increments. bFind formulas that give Gwendolyns monthly cost for each plan, assuming that she uses x gigabytes of data per month where x1. cWhat is the charge from each plan when Gwendolyn uses 2.2 GB? 3.7 GB? 4.9 GB? d Use your formulas from part b to determine the number of gigabytes of data usage for which: (i) Plan A and Plan B give the same cost. (ii) Plan A and Plan C give the same cost. (iii) Plan B and Plan C give the same cost.

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most). Analysis of trade Without trade. P = $30,000, Q = 400 In world markets. Pw = $15,000 P Under free trade. $30,000 how many TVs will the country import or export? $15,000 Identify CS, PS, and total surplus without trade, and with trade Plasma TVs 200 400 600 D