Question

In: Economics

Suppose the majority of the residents of Birraland live close to the border and have access...

Suppose the majority of the residents of Birraland live close to the border and have access to beer at a lower price either in another province or in a neighboring country. What do you expect to occur? What does this imply about the ability of the local government of Birraland to independently set their beer pricing policy? Which jurisdiction is likely to be more problematic, other provinces, or the neighboring country?

Solutions

Expert Solution


Related Solutions

Suppose the majority of the residents of Birraland live close to the border and have access...
Suppose the majority of the residents of Birraland live close to the border and have access to beer at a lower price either in another province or in a neighbouring country. What do you expect to occur? What does this imply about the ability of the local government of Birraland to independently set their beer pricing policy? Which jurisdiction is likely to be more problematic, other provinces or the neighbouring country?
There is a hotel in Imatra (Finland) which is very close to Russian border. The demand...
There is a hotel in Imatra (Finland) which is very close to Russian border. The demand function of Finnish consumers for this hotel is Q = 1000 - P. The demand function of Russian consumers for this hotel would be Q = 1400 - P if they had not travel to Imatra, but they have to travel and cost of travelling is 200. MC of hotel is 200 for one visitor. Find the difference of profits with price discrimination and...
. Two countries, A and B, have a conflict over a common border. The border can...
. Two countries, A and B, have a conflict over a common border. The border can take values from zero to one, inclusive, where x is the percentage of the disputed territory under Country A’s control. Country B’s ideal point for the border is 0. Country A’s ideal point for the border is one. Country A’s utility function is x and Country B’s utility function is 1-x and, where x is the point at which the border is actually set....
. Two countries, A and B, have a conflict over a common border. The border can...
. Two countries, A and B, have a conflict over a common border. The border can take values from zero to one, inclusive, where x is the percentage of the disputed territory under Country A’s control. Country B’s ideal point for the border is 0. Country A’s ideal point for the border is one. Country A’s utility function is x and Country B’s utility function is 1-x and, where x is the point at which the border is actually set....
Shrewsbury Herbal Products, located in central England close to the Welsh border, is an old-line producer...
Shrewsbury Herbal Products, located in central England close to the Welsh border, is an old-line producer of herbal teas, seasonings, and medicines. Its products are marketed all over the United Kingdom and in many parts of continental Europe as well. Shrewsbury Herbal generally invoices in British pound sterling when it sells to foreign customers in order to guard against adverse exchange rate changes. Nevertheless, it has just received an order from a large wholesaler in central France for £320,000 of...
Two countries, A and B, have a conflict over a common border. The border can take...
Two countries, A and B, have a conflict over a common border. The border can take values from zero to one, inclusive, where x is the percentage of the disputed territory under Country A’s control. Country B’s ideal point for the border is 0. Country A’s ideal point for the border is one. Country A’s utility function is x and Country B’s utility function is 1-x and, where x is the point at which the border is actually set. If...
1. Two countries, A and B, have a conflict over a common border. The border can...
1. Two countries, A and B, have a conflict over a common border. The border can take values from zero to one, inclusive, where x is the percentage of the disputed territory under Country A’s control. Country B’s ideal point for the border is 0. Country A’s ideal point for the border is one. Country A’s utility function is x and Country B’s utility function is 1-x and, where x is the point at which the border is actually set....
You live right on the border between Massachusetts and New Hampshire. In New Hampshire, wine costs...
You live right on the border between Massachusetts and New Hampshire. In New Hampshire, wine costs $10 per bottle. In Massachusetts, wine also costs $10 per bottle, but Massachusetts adds a tax of $5 per bottle. No matter where you buy wine from, you like 5 parts food for every 1 part wine, implying that your utility function is U=min(F,5W). Food costs $1 per unit in both New Hampshire and Massachusetts and is not taxed in either state. You have...
The report indicates that 18.7% of Boston residents live below the poverty threshold. In a sample...
The report indicates that 18.7% of Boston residents live below the poverty threshold. In a sample of 50 residents, there is probability 0.90 that the sample proportion living below the poverty threshold will fall between what two values, symmetric around the mean?
Residents of District A are having different cultural backgrounds. They live together in the same district...
Residents of District A are having different cultural backgrounds. They live together in the same district happily in past years. As a new district councilor of District A in coming 4 years, you are going to organize different activities in District A in order to strengthen the relationship and enhance the cohesiveness among residents. You are required to apply relevant psychology theory you learned (https://drive.google.com/file/d/1fH62-7FYi_bNXbXjyIYmwngvF_3-hPgZ/view?usp=sharing) to design activities for the residents of District A.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT