This figure illustrates the market for cardboard, which is imported into the U.S. In this figure; a. What is the price of cardboard before international trade ? b. What is the quantity consumed before international trade? c. Which area shows the consumer surplus before international trade? d. Which area shows the consumer surplus after international trade?

e. Which area shows the producer surplus before internetional trade? d. Which area shows the consumer surplus after international trade? e. Which area shows the producer surplus before internetional trade? f. Which area shows the producer surplus after international trade?

Please complete the blanks with decrease or increase. U.S producer surplus ……….. when the U.S. İmports a good and U.S producer surplus ……… when the U.S. Exports good. When the U.S. exports a good, U.S. consumer surplus ………… total surplus ………. Tariffs ……… consumer surplus and ………. producer surplus

Amy spends her entire income of $10 on pencils and yellow paper pads Amy spends her entire income of $10 on pencils and yellow paper pads. Pencils cost $2 and paper pads cost $4. The marginal utility of each good is given in the table. If Amy is maximizing her utility, how many yellow paper pads does the buy? What will be Amy’s total utility at her consumer equilibrium?

Meg bus only soda and pizza and is buying the amounts that maximize her utility. The marginal utility from soda is 30 and the price of the soda is $1. The marginal utility from a slice of pizza is 90. What must be the price of a slice of pizza?

In 2008, Armenia had a real Gdp of 4 In 2008, Armenia had a real Gdp of 4.21 billion and a population of 2,98 million. In 2009, real GDP was $4,59 billion and population was 2,97 million. What was Armenia’s economic growth rate from 2008 to 2009?

tHE What is the Potential GDP? The tables above show the labor market and the production function schedule for the country of Pickett. What is the Potential GDP? An increase in population changes the labor supply for 20 billion hours at each real wage rate. How change the potential GDP?

As a result of the rightward shift in the deman curve for labor from LD0 to LD1 How change the equilibrium level of employment? How change the potential GDP?

In the above figure, at real wage rate of 50 In the above figure, at real wage rate of 50. İs there surplus or shortage and how many hoursa per year? What is the full- employment real wage rte and quantity of hours per year?