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Author Question: Refer to Figure 9.9. Now suppose an import quota of 3000 trucks is imposed. If the government ... (Read 14 times)

yoooooman

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on: Jul 1, 2018
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


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ebenov

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


yoooooman

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

bblaney

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Reply 3 on: Yesterday
Gracias!

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