Business, 11.03.2020 04:35 ahmedislife

Quota in a small country Suppose a small country imposes a quota that reduces imports of a good by 50 units and raises the price by $5. Assuming linear supply and demand curves, the net welfare loss is.

A. $250.
B. $125.
C. $0.
D. -$125.

Answers: 3

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Answer from: zleigreen

The net welfare loss is $250

Explanation:

The Quota of a country imposes the importation of goods for business men or traders. if at any selling price from the example given that, if the system reduces imports by 50 units, therefore, lets assume linear supply and demand curves as follows,

quota of imports of good multiply by the price been raised 5$= 250$ is the net welfare loss.

Answer from: EricaCox1

$125 ( B )

Explanation:

The net welfare loss assuming linear supply and demand curves would be calculated as

= (reduction in imports * increase in prices) / 2

= (50 * $5) / 2

= $250 / 2 = $125

The import quotas are trade restrictions that tends to limit the number or percentage of goods and service that can be imported into a country by importers. this trade restrictions are usually made in order to encourage local manufacturers producing similar goods that are been imported

Answer from: Quest

More information, : )

Answer from: Quest

$527.7.if the following was the question $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

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Quota in a small country Suppose a small country imposes a quota that reduces imports of a good by 5...

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