Table 13.14 shows the output of kumquats per month.
-Suppose the following domestic demand and supply schedule for Mexico's toothpaste industry:
a)In the absence of free trade,what is the equilibrium price and quantity traded domestically for Mexico's toothpaste industry?
b)Suppose the international price for a toothpaste is 1 peso.Will Mexico export or import toothpaste? How many units?
Now suppose the international price is 0.75 peso.
c)If the Mexican government limits the number of imported toothpaste to 1 million units.How many units will Mexico import and what will be the equilibrium price?
d)If the Mexican government places a 0.10 peso tariff on toothpaste.How many units will Thailand import?
Definitions:
Risk Premium
The additional return demanded by investors for taking on the higher risk associated with an investment, compared to a risk-free asset.
Unsystematic Risk
The risk associated with a specific company or industry, also known as diversifiable risk or idiosyncratic risk.
Market Risk
The risk of losses in positions arising from movements in market prices.
Portfolio Risk
The risk associated with holding a portfolio of investments, reflecting the volatility of returns and potential for loss.
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