-The United States imports television sets from Japan.The table above contains the U.S.demand and U.S.supply schedules for television sets.The world price of a television set is $600 per set.
a.With no trade,what is the domestic price and quantity of television sets?
b.At the world price,what is the quantity of sets demanded in the United States?
c.At the world price,how many sets are produced in the United States?
d.At the world price,how many sets are imported into the United States?
e.What is the opportunity cost of producing the 4-millionth television set in the United States? In Japan?
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An individual who has lost or is missing both arms or both legs, typically as a result of trauma, disease, or congenital conditions.
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Insurance policies where premiums vary according to the risk level of the policyholder, commonly used in health and auto insurance.
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A legal statute designed to prevent discrimination towards people with disabilities in various public sectors.
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Flexible employee benefits plans allowing workers to choose from a variety of pre-tax benefits options, similar to selecting food in a cafeteria.
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