7. forms of dumping le jouet is a profit-maximizing firm that produces toy trains. in france, its home country, it enjoys unchallenged market power due to trade barriers that restrict competition. however, le jouet also exports toy trains to russia, where the market is highly competitive. given this scenario, which of the following statements is correct? the demand that le jouet faces for toy trains in russia is less elastic than in france. le jouet sells toy trains at a lower price in russia to dispose of its excess inventories. the demand that le jouet faces for toy trains in france is less elastic than in russia. suppose le jouet realizes that it has an ability to become a monopolist in the market for toy trains in russia and decides to resort to by temporarily reducing the prices charged in russia to drive competitors out of business. this may encourage the russian government to protect the interests of by .

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)

Explain the relationship between consumers and producers in economic growth and activity