Information for questions 9-15 The market for paintings (a g…
Information for questions 9-15 The market for paintings (a good with external economies of scale) is shown in the following figure. Note that one horizontal grid space is 20 paintings, and one vertical grid space is $2. Costs The only countries that can make paintings are France and Italy, and their Average Cost curves are shown, labeled ACFR and ACIT, respectively. Demand Two possible demand curves for paintings in France (labeled DFR,1 and DFR,2) are shown. There is no demand at all for paintings in Italy. The world demand for paintings is labeled DWORLD. Initially, all countries of the world are in autarky, therefore: 1) France produces paintings for its domestic market only; 2) Italy has no reason to produce paintings, therefore does not do so; and 3) the rest of the world does not have access to paintings. For the numerical questions, only the exact answers are accepted. Answers can be made exact with the usual convention: if two lines seem to intersect at a grid point, assume that they do so exactly. For example, line DFR,2 and line ACIT intersect exactly at p= 14, and q= 500. Use a ruler if you need to! If a numerical question cannot be answered with the information given, enter 0. Suppose that the Italian industry cannot get started, even though it has lower costs than the French industry at all quantities. The Italian government argues that this situation can be reversed with a temporary subsidy of the full cost of production of paintings into Italy. This would allow Italian producers to start up, and eventually to dominate the world market, at which time the subsidy can be eliminated. This argument is an example of:
Read DetailsInstrucciones: Answer the following questions accordingly….
Instrucciones: Answer the following questions accordingly. 1. What infinitive verb is used to describe likes and dislikes? 2. What does gustar mean? 3. What would the phrase Me gustan los apartamentos literally mean? 4. Bella typically leaves the house to work on her classes because she can’t concentrate at home. What would she say? 5. If someone is really good at numbers and enjoys working with them, what would they say?
Read DetailsLadies and gentlemen, you’ve been invited here today for the…
Ladies and gentlemen, you’ve been invited here today for the official announcement of the inquiry into the death of George Hammond. A complete transcript of the investigation is in preparation. This committee has spent nearly six months of investigation, followed by eleven weeks of hearings. After careful deliberation, it is concluded that George Hammond was assassinated by Joseph Frady. An overwhelming body of evidence has revealed that Frady was obsessed with the Carroll assassination, and in his confused and distorted state of mind seems to have imagined that Hammond was responsible for the senator’s death. He was equally convinced that Hammond was somehow plotting to kill him. And it is for those reasons that Frady assassinated him. Although I’m certain that this will do nothing to discourage the conspiracy peddlers: there is no evidence of a conspiracy in the assassination of George Hammond. Those are our findings. The evidence will be available as soon as possible. Thank you. This is an announcement, gentlemen. There will be no questions.
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