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Guatemala represents a small part of the world poultry market. Based on the figure below, answer the following. Price $1.20 Tools $1.10 S $1.00 $0.90
Guatemala represents a small part of the world poultry market. Based on the figure below, answer the following. Price $1.20 Tools $1.10 S $1.00 $0.90 Post-trade QD Post-trade Qs $0.80 $0.70 $0.60 Post-trade CS Post-trade PS $0.50 $0.40 $0.30 $0.20 $0. 10 D 0 120 140 160 180 00 7220 Kilograms (thousands)Instructions: Enter your answers as a whole number. a. In autarky. producer surplus is: $ thousand and consumer surplus is: $ thousand. b. Assume that the world price of poultry is $0.30 per kilogram. Instructions: Use the tools provided 'Posttrade 00' and 'Posttrade 05' to plot the domestic quantity consumed (OD) and the domestic quantity produced (05). If Guatemala opens to trade, the domestic quantity consumed is: |:| thousand kilograms. The domestic quantity produced is: |:| thousand kilograms. The quantity of imports is: thousand kilograms. Instructions: Use the tools provided 'Post-trade CS' and 'Post-trade PS' to plot the post-trade consumer surplus and the post-trade producer surplus. Drag the points to move or resize. c. The post-trade consumer surplus is: 55 thousand and the post-trade producer surplus is: 35 thousand. (Click to select) v are better off after trade
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