Suppose that the free-trade price of a ton of steel is €500. (note: € is the symbol for the euro, a common currency used in 19 european countries, including finland.) finland, a small country, imposes a €60 per-ton specific tariff on imported steel. with the tariff, finland produces 300,000 tons of steel and consumes 600,000 tons of steel. suppose that the €60-per-ton tariff caused finnish production of steel to increase by 100,000 tons and finnish consumption of steel to fall by 100,000 tons. what is the value of finland's welfare loss due to the tariff?
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Business, 21.06.2019 12:30, askharoun2005
Based on an annual disposable income of $40,000, calculate the average amount o money a person would save in japan; in the united states; in france.
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Business, 22.06.2019 13:50, Jessieeeeey
Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system
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Business, 22.06.2019 22:00, isabellainksow87vn
Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?
Answers: 3
Suppose that the free-trade price of a ton of steel is €500. (note: € is the symbol for the euro, a...
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