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Microeconomics Assignment

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: Russia Panama Gloves 20 180 Hats 80 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.
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.
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Assignment ID
44577
Discipline
Type
CREATED ON
September 26, 2016
COMPLETED ON
September 28, 2016
Price
$40
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Latest reviews for gudluck
fa94
January 16, 2017
fa94
gooood work thnx , on time
kwizera199091
January 15, 2017
kwizera199091
okay
paulaloveplatt51
January 9, 2017
paulaloveplatt51
The writer did not follow the descriptions for the assignment. The writer did not answer all questions that was ask to do the assignment. I was kind of disappointed in her work.