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flemingpk flemingpk
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A year ago
The Gains and Losses to an Importing Country

The graph shows the market for Swiss chocolates in New Zealand.
 

Assume that P1=$0.25, P2=$4.25, P3=$9.50, P4=$13.00, Q1=25, Q2=200, and Q3=285. With international trade, what is consumer surplus? What is producer surplus? New Zealand ________ (imports/exports) ________ Swiss chocolates. Please round your answer to two decimal places.

▸ $350.00, $925.00, imports, 175

▸ $1246.88, $50.00, imports, 260

▸ $350.00, $925.00, exports, 175

▸ $1246.88, $50.00, exports, $260
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Macroeconomics

Macroeconomics


Edition: 3rd
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sherbiejr16sherbiejr16
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flemingpk Author
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A year ago
Thanks
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Smart ... Thanks!
Liarec
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Helped a lot
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