Question
In: Economics
1. Laptop computers are produced domestically and also imported. The price of laptop computers is $1000...
1. Laptop computers are produced domestically and also imported. The price of laptop computers is $1000 and domestic producers use $600 of imported inputs per laptop computer produced at home. a) What will be the price of laptop computers if a 20% tariff is imposed on imports of finished laptop computers? _____________ b) What will be the domestic value added after tariff? ________________ c) What will be the effective rate of protection? _______________________ d) What will be the cost of input if along with a 20% tariff on finished computers, a 20% tariff is also imposed on imported inputs? ___________________________ e) What will be the value added when along with a 20% tariff on the finished computer, a 20% tariff is also imposed on imported inputs? __________ f) Based on information in part d) and e), what will be the new effective rate of protection on laptop computers? ___________
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
1. Laptop computers are produced domestically and also imported. The price of laptop computers is $1000...
1. Laptop computers are produced domestically and also imported.
The price of laptop computers is $1000 and domestic producers use
$600 of imported inputs per laptop computer produced at home.
a) What will be the price of laptop computers if a 20% tariff is
imposed on imports of finished laptop computers? _____________
b) What will be the domestic value added after tariff?
________________
c) What will be the effective rate of protection?
_______________________
d) What will be the cost of...
Laptop computers are produced domestically and also imported. The price of laptop computers is $1000 and...
Laptop computers are produced domestically and also imported.
The price of laptop computers is $1000 and domestic producers use
$600 of imported inputs per laptop computer produced at home. a)
What will be the price of laptop computers if a 20% tariff is
imposed on imports of finished laptop computers? _____________ b)
What will be the domestic value added after tariff?
________________ c) What will be the effective rate of protection?
_______________________ d) What will be the cost of input...
1. Market demand for laptop computers is y = 500 - p. But the computers are...
1. Market demand for laptop computers is y = 500 - p. But the
computers are developed by a hardware firm with a cost function
c(y) = 100, & the operating system is developed by a software
firm with a cost function of c(y) = 150. a. Calculate the optimal
prices for the hardware & software firm to charge, & the
total market quantity. (4 points) b. Calculate the optimal price
& quantity if it were to behave like a...
2. Battery Level of Laptop Computers in Shipment A computer manufacturer ships laptop computers with the...
2. Battery Level of Laptop Computers in Shipment A computer
manufacturer ships laptop computers with the batteries fully
charged so that customers can begin to use their purchases right
out of the box. In its last model, 85% of customers received fully
charged batteries. To simulate arrivals, the company shipped 100
new model laptops (randomly picked from their warehouse) to various
company sites around the country. Of 100 laptops shipped, 96 of
them arrived reading 100% charged. Do the data...
Assume a Ricardian (Comparative Advantage) place. Also assume that Southland requires 8 hours for laptop computers...
Assume a Ricardian (Comparative Advantage) place. Also assume
that Southland requires 8 hours for laptop computers and 2 hours
for desktop computers, while the rest of the world (RoW) needs 4
hours for laptops or 2 hours for desktops. Each country has 1000
labor hrs. available. Additionally, assume these countries decide
to open for trade and they specialize in products that they have
comparative advantage.
What is ToT (terms of trade) for one desktop computer?
A) 0.25 < ToT <...
If Country A produces a product that is consumed domestically and that is also exported to...
If Country A produces a product that is consumed domestically
and that is also exported to another country, free trade will
result in the price of that product being the same in both the
exporting and the importing countries.
Tablet computers are rapidly becoming more mainstream and replacing traditional desktop and laptop computers with the...
Tablet computers are rapidly becoming more mainstream and
replacing traditional desktop and laptop computers with the first
IPAD becoming available in 2010 and an assortment of Linux and
Windows-based tablets following. How do you believe that tablet
computers have changed or contributed to the ways Forensic
Scientists have to think or function on a daily basis? Do you
believe that tablet computers have made a Forensic Scientist's job
easier or harder? Can you think of any other technologies that have...
Rundle Manufacturing produces two keyboards, one for laptop computers and the other for desktop computers. The...
Rundle Manufacturing produces two keyboards, one for laptop
computers and the other for desktop computers. The production
process is automated, and the company has found activity-based
costing useful in assigning overhead costs to its products. The
company has identified five major activities involved in producing
the keyboards.
Activity
Allocation Base
Allocation Rate
Materials receiving & handling
Cost of material
2 % of material cost
Production setup
Number of setups
$
108.00
per setup
Assembly
Number of parts
$
6.00
per...
Rundle Manufacturing produces two keyboards, one for laptop computers and the other for desktop computers. The...
Rundle Manufacturing produces two keyboards, one for laptop
computers and the other for desktop computers. The production
process is automated, and the company has found activity-based
costing useful in assigning overhead costs to its products. The
company has identified five major activities involved in producing
the keyboards.
Activity
Allocation Base
Allocation Rate
Materials receiving & handling
Cost of material
2 % of material cost
Production setup
Number of setups
$
108.00
per setup
Assembly
Number of parts
$
6.00
per...
Franklin Manufacturing produces two keyboards, one for laptop computers and the other for desktop computers. The...
Franklin Manufacturing produces two keyboards, one for laptop
computers and the other for desktop computers. The production
process is automated, and the company has found activity-based
costing useful in assigning overhead costs to its products. The
company has identified five major activities involved in producing
the keyboards.
Activity
Allocation
Base
Allocation Rate
Materials receiving &
handling
Cost of material
1 % of
material cost
Production
setup
Number of
setups
$
113.00
per setup
Assembly
Number of parts
$
5.00
per...
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