Imagine that it costs $40 in the United States to produce one ton of soybeans and transport them to market, while it costs $30 in Brazil to produce one ton of soybeans and transport them to market Imagine that it costs $20,000 in the United States to produce one automobile and transport it to maket, while it costs $10,000 in Brazil to produce one automobile and transport it to market. Which of the following four arrangements would be most efficient? (Hint: Derived OC from PPF (production) = 1/OC derived from costs to make)
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- (dollars/16) 8=Ps 5-P₁ 4 = P₁₂ 0.1= Pat a b 9 U.S. beef market h Q₁ 113 Q₂ G₂ 120 125 (dollars/16) Q (thousand tons) 10-P₂ 7=P₂ 5-R 2-P k 2 0 P Japan beef market S /min Que Q5 74 76 r (26 86 (thousand tons Refer to the above partial equilibrium model of trade (large country case). Assume the world price is $5 when reaching free-trade equilibrium. When Japan freely trades with U.S., what is their import amount? (Answer format: only a number is needed, please don't type in anything else.)Steel 50 25 0 25 50 Chemicals Italy 1 ton of steel for 1/2 ton of chemicals. 1 ton of steel for 1/3 ton of chemicals. 1 ton of steel for 1 ton of chemicals Steel 1 ton of steel for 2 tons of chemicals. 30 20 0 20 Italy and Greece are the only two economies in the world and they can produce steel or chemicals. The production possibilities curves for the two countries are shown in the graphs. What is the cost ratio for Greece? Chemicals Greece 60Sampson Ltd produces two products that can be produced on either of two machines. Each month, only 5o0 hours of time are available on each machine. The time required to produce each item by hour and machine is: Machine Machine Product 1 Product 2 3 4 Month Month 1 Month 2 Month 1 Demand Demand Price Price Product 1 100 160 $45 $65 $10 Product 2 120 110 $35 The demand and price point for each product that customers are willing to pay are above. The company goal is to maximize revenue from sales from the next two months. Based on the provided information, how many constraints does this problem have excluding the non-negativity constraints?
- I would advise taking the following measures to ensure a successful entry into international markets: Conduct thorough market research to identify potential target countries with a demand for premium-quality stylish clothing. Consider factors like consumer preferences, cultural differences, existing competitors, and potential barriers to entry. There needs to research in regards to the export regulations and requirements of the target countries. Different countries may have specific rules and restrictions on textile imports, labeling, and quality standards. Before entering international markets, ensure that the brand identity is well-established and consistent. Make sure that the premium positioning, quality, and unique selling propositions are communicated clearly through branding and marketing materials. Maintain stringent quality control measures to ensure that the clothing consistently meets or exceeds the premium standards expected by target customers. Reputation is critical in…GlobalCell is an American firm producing cell phones. GlobalCell imports cell phone components from Japan and assembles them domestically. Suppose that in the United States, a cell phone sells for $100 and that 60% of the cell phone's value comes from the value of the imported components. The United States imposes a 30% tariff on cell phones and a 10% tariff on the cell phone's components. Assume that costs of producing components are the same in the United States and Japan and that transit costs are nonexistent. Based on the information provided, the effective rate of protection that GlobalCell receives from the tariff is A. 60% B. -20% C. -13.3% D. 26.7%With its existing resources Country A can produce either 500 million bushels of wheat or 40 million cars. They are presently not engaged in trade and are choosing to produce and consume 375 million bushels of wheat and 10 million cars. The country decides to completely specialize in wheat production. They trade 100 million bushels of wheat in exchange for 12 million cars. After trade they can consume million more bushels of wheat and million more cars than they could before trade?
- Which of the following is a benefit of reshoring? O Can result in higher inventory O Can result in higher materials and labor cost. Can result in less control over quality and processes O Can result in faster innovation speedS * A E D G Quantity Price B с 14 St Refer to the figure in which S is the before-tax supply curve and St is the supply curve after an excise tax is imposed. The burden of this tax is borne:Exporting from the US Pros: transportation costs would be low. Since it would be produced locally, we would also be able to maintain control of the technology, quality, and production process. More jobs would be created. Cons: Cost of exporting goods would be higher and we would have to comply with the tariffs and regulations to export our goods. Labor cost, shipping & distribution would make price of our good higher. Taste and preferences is different in every country/nation so we would have to possibly change our models to fit those taste of Western Europe. License a European firm Pros: Low startup cost if working with a manufacturer so pricing would remain to a minimum. Gain name recognition in European countries, which will help with our expansion. Working with a company that's knowledgeable in the market Cons: Less control over production cost, quality, and technology. Licensing would require discloure to our technology & competitive advantage would decrease if they use…
- Problem 19-03 (algo) The following hypothetical production possibilities tables are for China and the United States. Assume that before specialization and trade the optimal product mix for China is alternative D and for the United States is alternative S. China Production Possibilities ok Product A B D E F Apparel 80,000 64,000 int Chemicals (tons) 0 32 48,000 64 32,000 96 16,000 128 160 rences Product Apparel Chemicals (tons) U.S. Production Possibilities R 240,000 0 S T 192,000 144,000 48 96 U 96,0000 144 W 48,000 0 192 240 Instructions: Enter your answers as whole numbers. a. Are comparative-cost conditions such that the two countries should specialize? Yes If so what product should each produce?If the United States were to lift existing tariffs on steel imports: Question 32 options: A.the supply of steel shifts to the right and lowers its market price. B.the demand for steel shifts to the right. C.the supply of the imported steel shifts to the left and raises its market price. D.the demand for steel shifts to the left and raises its market price. Please type out the correct step by step answer with proper explanation of the each option given within 40 50 minutes . Will give you thumbs up only for the correct answer. Thank you .The supply and demand curves of a product are shown in Figure 6.13. Approximate the difference in the total gains from trade if the price is artificially increased from the equilibrium price of p* = 95 to p* = 110. p ($/unit) 200 180 160 140 120 100 80 60 40 20 XXX ☆ 50 100 (a) $137.50 O (b) $3,250 O (c) $4,675 O (d) $4,750 O (e) $7862.50 O (f) $8000 150 Figure 6.13 200 q (quantity) SUPPOR