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.…

MATLAB: An Introduction with Applications

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21. Sofia earns money babysitting and shoveling snow. She charges different unit rates for each type of work. A. Complete the tables and determine the unit rate for each work activity. Babysitting da Shoveling Snow Charge (dollars) 15 30. 45 60 75 Number of Hours 1 2 1A 3 4 5 2025 Charge (dollars) 12 24 36 48 60 Unit rate: 36-3-12 Change (dollars) Number of Hours. B. Plot the ordered pairs from each table on the coordinate plane. Use circles to represent Sofia's earnings from babysitting and squares to represent her earnings from shoveling snow. 80 70 1 2 3 4 5 Unit rate: 75515 Sofia's Earnings 1 2 3 5 Number of Hours Chapter 2 Review 157
A certain city's power company charges their residents for electricity usage on a daily basis. There is a basic charge of 11.57 cents. For each day the first 10 kWh cost 4.81 cents per kWh and any additional kWhs are 9.69 per kWh. (A kWh, or kilowatt-hour, is a unit of energy.) (a) Complete the following table using the information provided above. kWhkWh 0 5 10 15 20 cost (dollars)cost (dollars) kWhkWh 25 30 35 40 cost (dollars)cost (dollars) (b) We can define a piecewise function f(x)f(x) where xx is the kWh used in a day and f(x)f(x) is the cost, in dollars. This function would have the form f(x)={g(x)h(x)ififx∈Ax∈Bf(x)={g(x)ifx∈Ah(x)ifx∈B What functions g(x)g(x) and h(x)h(x) make up the piecewise function f(x)f(x)? g(x)=g(x)= for A = h(x)=h(x)= for B = Hint: A and B are intervals. If an interval uses ±∞±∞ write inf or -inf . (c) Using the above function, what is the cost of 26 kWh? dollars. (d) For 3 dollars, what is the maximum kWh usage for one…
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3. SENSITIVITY ANALYSIS A tailor has the following materials available: 18 sqm cotton, 20 sqm silk, 5 sqm wool. A gown requires the following: 3 sqm cotton, 2 sqm silk, and 1 sqm wool. A suit requires the following: 2 sqm cotton, 4 sqm silk. If a gown sells for Php1200 and a suit for Php1,600, how many of each garment should the tailor make to obtain the maximum amount of money? Objective function: Max: Zj = 1200X1 + 1600X2 Constraints: 3X1 + 2X2 < 18 2X1 + 4X2 < 20 X1 < 5
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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