The demand for cotton in iceland is given by the equation, q= 20−p. the supply ofcotton in iceland is given by the equation, q= 2p−10. the world price of cotton is $7.a) in autarky, who receives more surplus, consumers or producers? how much more? b) in free trade, how many goods are consumed in iceland? how many goods are exported? imported? c) the icelandic government imposes an import quota equal to the expression, size of import quota =price in iceland+12−2. once the import quota is imposed, what is the price of cotton in iceland?

Carmen co. can further process product j to produce product d. product j is currently selling for $20 per pound and costs $15.75 per pound to produce. product d would sell for $38 per pound and would require an additional cost of $8.55 per pound to produce. what is the differential revenue of producing product d?

Your debit card is stolen, and you report it to your bank within two business days. how much money can you lose at most? a. $500 b. $25 c. $50 d. $150

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?