This topic contains a solution. Click here to go to the answer

Author Question: Refer to Figure 9.9. Now suppose an import quota of 3000 trucks is imposed. If the government ... (Read 53 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
Refer to Figure 9.9. Now suppose an import quota of 3000 trucks is imposed.
 
  If the government wanted to cut off all international trade without changing the quota, it could allow the quota amount of 3000 trucks in at no tariff and then charge a tariff on all imports above the quota amount. What tariff would accomplish the goal? A) 0.
  B) 5,000
  C) 7,500
  D) 10,000
  E) 20,000

Question 2

Which of the following equations based on capital (K) and labor (L) inputs does not represent a plausible production function?
 
  A) F(K,L) = 3KL
  B) F(K,L) = 3K
  C) F(K,L) = K + L - 1
  D) F(K,L) = 10(KL)0.5



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ebenov

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

B

Answer to Question 2

C




yoooooman

  • Member
  • Posts: 557
Reply 2 on: Jul 1, 2018
Excellent


JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

For a complete list of videos, visit our video library