SophiaPretty

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About SophiaPretty

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Economics,Engineering,English,Environmental science,Essay writing Hide all
Teaching Since: Jul 2017
Last Sign in: 304 Weeks Ago, 2 Days Ago
Questions Answered: 15833
Tutorials Posted: 15827

Education

  • MBA,PHD, Juris Doctor
    Strayer,Devery,Harvard University
    Mar-1995 - Mar-2002

Experience

  • Manager Planning
    WalMart
    Mar-2001 - Feb-2009

Category > Economics Posted 06 Sep 2017 My Price 8.00

I need the answer for #2 and #8. I attached the file to solve for #8.

I need the answer for #2 and #8. I attached the file to solve for #8. Please look at my attachment and answer my question. Thank you.

2. 
No U. S. tire producers joined in the request for the tariff on tires in 2009. Rather, the petition for a tariff on tires imported from China was brought by the United Steelworkers of American, the union who represents workers in the tire industry. Why did major tire manufac- tures operating in the United States, like Goodyear, Michelin, Cooper, and Bridgestone, not support the tariff?

8. 
Refer to problem 7. Suppose Home is a small exporter of wheat. At the world price of $100 per ton, Home growers export 20 tons. But rather than an export subsidy, suppose the Home government provides its domestic producer with a production subsidy of $40 per ton. Use the following figure to answer these questions. 

a. What is the quantity exported with the production subsidy?
b. Calculate the effect of the production subsidy on consumer surplus, producer surplus, and government revenue.
c. Calculate the overall net effect of the production subsidy on Home welfare. Is the cost of the production subsidy more or less than the cost of the export subsidy for the small country? Explain.

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Answers

SophiaPretty
(5)
Status NEW Posted 06 Sep 2017 11:09 AM My Price 8.00

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