In Peru, domestic demand for steel is given by P=200−Q.  Dom…

In Peru, domestic demand for steel is given by P=200−Q.  Domestic supply is given by P=40+Q. Find the price and quantity of steel consumed and produced in the domestic country if there is free trade. Steel is available on the world market at Pw=60. Calculate the imports, producer surplus, and consumer surplus. (3 points) Suppose the government imposes an import tariff of $10 per unit. What is the resulting domestic price, domestic production, domestic consumption, imports, consumer surplus, producer surplus, government revenue, and DWL (deadweight loss)? (7 points)

In Peru, domestic demand for steel is given by P=200−Q.  Dom…

In Peru, domestic demand for steel is given by P=200−Q.  Domestic supply is given by P=40+Q. Find the price and quantity of steel consumed and produced in the domestic country if there is free trade. Steel is available on the world market at Pw=60. Calculate the imports, producer surplus, and consumer surplus. (3 points) Suppose the government imposes an import tariff of $10 per unit. What is the resulting domestic price, domestic production, domestic consumption, imports, consumer surplus, producer surplus, government revenue, and DWL (deadweight loss)? (7 points)

Distributed_Objects_And_Middleware_2c Spring OS The context…

Distributed_Objects_And_Middleware_2c Spring OS The context for this question is same as the previous question. You have a single Spring OS instance running over one client machine (A) and one server machine (B) situated in a private Local Area Network. Now, you want to add another server machine (C) located across the globe to the same system. Communication over a Wide Area Network requires encryption. Answer the following questions. An invocation of the service running on server machines B and C takes time x * k, where x is the number of concurrent requests currently handled by a server machine and k is a constant. Consider that there are currently x1 and x2 concurrent requests handled by server machines B and C respectively. The time to send or receive a message over LAN is approximately t1. Similarly, the time to send or receive a message over WAN is approximately t2 (t2 >> t1). Describe with a mathematical expression, what Spring OS can do to ensure that client requests from the client machine A are serviced at the lowest latency.  Assume there are no other clients making requests for this service. 

The research team at ‘TechGizmo’ has determined that the pri…

The research team at ‘TechGizmo’ has determined that the price elasticity of demand for their new smartwatch is -1.5. The company incurs a constant marginal cost of $50 to produce each smartwatch. As a pricing consultant, how would you recommend setting the optimal price for the smartwatch?