ASSIGNMENT 08
C13 Microeconomics
Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College
for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English,
spelling and grammar. Sources must be cited in APA format. Your response should be four (4) doublespaced pages; refer to the "Assignment Format" page located on the Course Home page for specific
format requirements.
Part A
Imagine that it is the year 2199. Technology has progressed at an incredible pace. The latest discovery is
the plutonium engine, which is capable of converting plutonium, a by-product of nuclear fission, into fuel
to power the nuclear reactors in our new form of transportation, the rocket-car. However, because the
firm that invented the engine, the Futures Unlimited Corporation, already has a government license to
control and distribute the quantity of this certain isotope of plutonium on the market, it is now
conceivably in charge of a monopoly on plutonium-fueled transportation.
1. Describe the economic outcome of this single-price monopoly in terms of profit. Provide one (1)
supporting fact to support your response.
2. Describe one (1) way that the Futures Unlimited Corporation makes output and price decisions.
Part B
1. Would consumers benefit more from a tariff or a quota on imports? Provide one (1) supporting
fact to support your response.
2. Consider the following weekly production possibilities of gloves and hats in Panama and Russia: Gloves
Hats Russia
20
80 Panama
180
90 a. What is each country's opportunity cost of producing gloves and hats?
b. If the countries could, should they trade? Provide one (1) supporting fact to support your
position. Grading Rubric
Please refer to the rubric on the following page for the grading criteria for this assignment.

• 1498095304-C13 Assignment 8.docx
• 1498095310-Assignment 8_08.docx

SuperTutor

(15)

Status NEW Posted 22 Jun 2017 01:06 AM My Price 15.00

-----------

Attachments

file 1498095312-Solutions file.docx preview (56 words )

S-----------olu-----------tio-----------ns -----------fil-----------e -----------Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k y-----------ou -----------for----------- yo-----------ur -----------int-----------ere-----------st -----------and----------- bu-----------yin-----------g m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l b-----------e q-----------uic-----------kly----------- on-----------lin-----------e a-----------nd -----------giv-----------e y-----------ou -----------exa-----------ct -----------fil-----------e a-----------nd -----------the----------- sa-----------me -----------fil-----------e i-----------s a-----------lso----------- se-----------nt -----------to -----------you-----------r e-----------mai-----------l t-----------hat----------- is----------- re-----------gis-----------ter-----------ed -----------onÂ----------- th-----------is -----------web-----------sit-----------e. ----------- H-----------YPE-----------RLI-----------NK -----------&qu-----------ot;-----------htt-----------p:/-----------/wo-----------rkb-----------ank-----------247-----------.co-----------m/&-----------quo-----------t; -----------\t -----------&qu-----------ot;-----------_bl-----------ank-----------&qu-----------ot;----------- -----------Tha-----------nk -----------you----------- -----------

Not Rated(0)

• Buy Answer