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Author Question: Refer to Figure 9.8. A 50 tariff would result in domestic consumption of A) 600, domestic ... (Read 107 times)

KimWrice

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Refer to Figure 9.8. A 50 tariff would result in domestic consumption of
 
  A) 600, domestic production of 100, and imports of 500.
  B) 500, domestic production of 200, and imports of 300.
  C) 400, domestic production of 300, and imports of 100.
  D) 300, domestic production of 400, and exports of 100.
  E) 200, domestic production of 500, and exports of 300.

Question 2

Refer to Scenario 7.3. What is the total cost of producing 200 units of output?
 
  A) 100
  B) 1000
  C) 1500
  D) 2000
  E) none of the above



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Hikerman221

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Answer to Question 1

C

Answer to Question 2

B




KimWrice

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


at

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Reply 3 on: Yesterday
Wow, this really help

 

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