{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-20T20:04:24-04:00", "answer_date": "2024-06-20 20:04:24", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "3361532", "url": "\/study-help\/questions\/graph-input-tool-515-market-for-maize-in-sudan-485-3361532", "question_creation_date_js": "2024-06-20T20:04:24-04:00", "question_creation_date": "Jun 20, 2024 08:04 PM", "meta_title": "[Solved] Graph Input Tool 515 Market for Maize in | SolutionInn", "meta_description": "Answer of - Graph Input Tool 515 Market for Maize in Sudan 485 Supply Price 395 455 (Dollars per ton) Domestic Demand 200 Domestic | SolutionInn", "meta_keywords": "graph,input,tool,515,market,maize,sudan,485,supply,price,395,455", "question_title_h1": "Graph Input Tool 515 Market for Maize in Sudan 485 Supply Price 395 455 (Dollars per ton) Domestic Demand 200 Domestic Supply 300 425 (Thousands", "question_title": "Graph Input Tool 515 Market for Maize in Sudan 485 Supply Price", "question_title_for_js_snippet": "Graph Input Tool 515 Market for Maize in Sudan 485 Supply Price 395 455 (Dollars per ton) Domestic Demand 200 Domestic Supply 300 425 (Thousands of tons Thousands of tons of maize) of maize) 395 365 PRICE (Dollars per ton) 335 305 Demand 275 PW 245 215 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Thousands of tons of maize) If Sudan is open to international trade of maize without any restrictions, it will import tons of maize (Note Be sure to enter the full value for your answer, accounting for the horizontal axis units ) Suppose the Sudanese government wants to reduce imports to exactly 100,000 tons of maize to help domestic producers A tariff of $ per ton will achieve this A tariff set at this level would raise $ in revenue for the Sudanese government Grade It Now Save Continue Continue without saving5 Effects of a tariff on international trade The following graph shows the domestic supply of and demand for maize in Sudan Sudan is open to international trade of maize without any restrictions The world price (Pw) of maize is $245 per ton and is represented by the horizontal black line Throughout this problem, assume that the amount demanded by any one country does not affect the world price of maize and that there are no transportation or transaction costs associated with international trade in maize Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place Use the graph input tool to help you answer the following questions You will not be graded on any changes you make to this graph Note Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly", "question_description": "\"image\"image
\"image\"image<\/div><\/div><\/div><\/figure> Graph Input Tool 515 Market for Maize in Sudan 485 Supply Price 395 455 (Dollars per ton) Domestic Demand 200 Domestic Supply 300 425 (Thousands of tons Thousands of tons of maize) of maize) 395 365 PRICE (Dollars per ton) 335 305 Demand 275 PW 245 215 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Thousands of tons of maize) If Sudan is open to international trade of maize without any restrictions, it will import tons of maize. (Note: Be sure to enter the full value for your answer, accounting for the horizontal axis units.) Suppose the Sudanese government wants to reduce imports to exactly 100,000 tons of maize to help domestic producers. A tariff of | $ per ton will achieve this. A tariff set at this level would raise $ in revenue for the Sudanese government. Grade It Now Save & Continue Continue without saving5. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for maize in Sudan. Sudan is open to international trade of maize without any restrictions. The world price (Pw) of maize is $245 per ton and is represented by the horizontal black line. Throughout this problem, assume that the amount demanded by any one country does not affect the world price of maize and that there are no transportation or transaction costs associated with international trade in maize. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly", "transcribed_text": "", "related_book": { "title": "Survey of Accounting", "isbn": "1285974360, 1285183487, 9781285974361, 978-1285183480", "edition": "7th edition", "authors": "Carl S. Warren", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/280.jpg", "uri": "\/textbooks\/survey-of-accounting-7th-edition-280", "see_more_uri": "" }, "free_related_book": { "isbn": "0071381821", "uri": "\/textbooks\/teach-yourself-algebra-for-electronic-circuits-1st-edition-978-0071381826-167394", "name": "Teach Yourself Algebra For Electronic Circuits", "edition": "1st Edition" }, "question_posted": "2024-06-20 20:04:24", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/for-the-heatom-scf-calculation-in-section-143-find-the", "description": "For the He-atom SCF calculation in Section 14.3, find the initial estimate of c11\/c21 given by the approximation Frs Hrscore", "stars": 3 }, { "url": "\/study-help\/business-data-networks\/keys-and-passwords-must-be-long-yet-most-personal-identification", "description": "Keys and passwords must be long. Yet most personal identification numbers (PINs) that you type when you use a debit card are only four or six characters long. Yet this is safe. Why?", "stars": 3 }, { "url": "\/study-help\/essentials-of-understanding-behavior\/what-approach-to-therapy-does-marisol-rodriguez-seem-to-be-1980479", "description": "What approach to therapy does Marisol Rodriguez seem to be describing?", "stars": 3 }, { "url": "\/review-exercisecalculate-net-income-at-the-beginning-of-the-current", "description": "Review exercise-calculate net income. At the beginning of the current fiscal year, the balance sheet of Cummings Co. showed liabilities of $438,000. During the year, liabilities decreased by $72,000;...", "stars": 3 }, { "url": "\/study-help\/questions\/3-company-j-is-a-private-firm-you-are-trying-9743897", "description": "3 Company J is a private firm. You are trying to estimate J's stock price using information from its comparable firm: Company K. The table below shows selected financials for Company J and K. Stock...", "stars": 3 }, { "url": "\/study-help\/questions\/practice-choosing-a-specific-company-eg-ibm-and-using-the-6551354", "description": "Practice Choosing a specific company (e.g., IBM) and using the Financials option to calculate the following financial indexes in three years from 2015 to 2017. Then based on these indexes, analyzing...", "stars": 3 }, { "url": "\/study-help\/questions\/the-designing-organizations-that-are-built-to-change-reading-makes-3099057", "description": "The \"Designing Organizations That Are Built to Change\" reading makes the case that all employees, not just managers, must actively observe and report on market trends and propose opportunities. Group...", "stars": 3 }, { "url": "\/study-help\/questions\/hornbeck-company-issued-100000-bonds-payable-with-a-7-interest-3099043", "description": "Hornbeck Company issued 100,000 bonds payable with a 7% interest rate at a price of 97. The journal entry to record the issue of the bond includes what?", "stars": 3 }, { "url": "\/study-help\/questions\/bc-transit-drivers-can-get-a-bit-annoyed-when-passengers-3090858", "description": "BC Transit drivers can get a bit annoyed when passengers keep complaining about either masks or late buses. A rather silly stats professor helps them by claiming that a bus journey time of 13.6...", "stars": 3 }, { "url": "\/study-help\/questions\/if-a-researcher-determines-that-the-answer-to-an-accounting-1259617", "description": "If a researcher determines that the answer to an accounting question is located in a primary authoritative support, what should they do? If a researcher determines that the answer to an accounting...", "stars": 3 }, { "url": "\/study-help\/questions\/a-radio-set-of-20-kg-mass-must-be-isolated-3089735", "description": "A radio set of 20 kg mass must be isolated from a machine vibrating with an amplitude of 0.05 mm at 500 cycles per minute. The set is mounted on four isolators, each having a spring scale of 31400...", "stars": 3 }, { "url": "\/study-help\/questions\/devlop-a-quality-management-plan-for-quality-management-plan-guccis-3552802", "description": "devlop a quality management plan for Quality Management Plan Gucci's New Line Marketing Campaign in Australia. add reference", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/how-would-you-reply-to-the-student-discussion-post-below-3361531", "next": "\/study-help\/questions\/y5-q1-5-points-the-price-clasticity-of-demand-for-3361533" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Economics", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-economics" }, { "name": "Graph Input Tool 515 Market for Maize in Sudan 485 Supply Price", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/graph-input-tool-515-market-for-maize-in-sudan-485-3361532" } ], "skill_details": { "skill_id": "12", "skill_name": "Economics", "parent_id": "1" } }" } }