FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please give me Answer fastly Please prove that in the Krugman (1979) model, after opening trade, consumer welfare has improved. Please use mathematical model to

image text in transcribed

Please give me Answer fastly

image text in transcribed
Please prove that in the Krugman (1979) model, after opening trade, consumer welfare has improved. Please use mathematical model to prove. ( hint: envelope theorem can be used in proving optimization problem of utility) Formulas must be used. like: N = 1/ (a/L + BC)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Business

International Business

Authors: John Daniels, Lee Radebaugh, Daniel Sullivan

16th edition

134200055, 978-0134201542, 013420154X, 978-0134200057

More Books

Students also viewed these Economics questions

Question

★★★★★
Suppose that Stillwater Designs has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places small, frequent orders, and the non-JIT distributor tends to...

Answered: 1 week ago

Question

★★★★★
Define strategy.

Answered: 1 week ago

Question

★★★★★
postdoctoral training in a forensically oriented environment under a forensic psychologist;

Answered: 1 week ago

Question

★★★★★
What are the most significant differences among structured, object-oriented, and agile methods? What do they have in common?

Answered: 1 week ago

Question

★★★★★
presented below is the information related to Jackson corporation Common stock 1 par . 2600,000 Paid-in capital in excess of par common stock ............... 330,000 Preferred % stock $ 50 par...

Answered: 1 week ago

Question

★★★★★
Vaughn Manufacturing had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021 $ 10200 Net income for the year ended 2021 93000...

Answered: 1 week ago

Question

★★★★★
5. In column I, Jayden wants to display a reminder to reorder plants if the store has 10 or fewer plants on hand. In cell I5, insert a formula using the IF function that tests whether the number of...

Answered: 1 week ago

Question

★★★★★
reminiscence therapy and life review therapy are approaches to assist older adults on reflecting on life aging and building a sense of self continuity however there are distinct differences between...

Answered: 1 week ago

Question

★★★★★
Eileen went to Las Vegas for Spring Break. While there she lost a bet at the roulette wheel, resulting in a shortfall of funds needed for the Fall semester's tuition. She bet on red, but the roulette...

Answered: 1 week ago

Question

★★★★★
If Happiness is crucial or intimate like our DNA as Layard then why are we still unhappy? Now if we think about it our reading so far provides us with ample answers as to what constitutes or...

Answered: 1 week ago

Question

★★★★★
Case study: (50 marks) -PART A On 1 July 2021, Tom Ltd acquired all the shares of Hanks Ltd on an ex-div . basis. Tom Ltd paid $850,000 cash and issued 120,000 shares which had a fair value of $5.00...

Answered: 1 week ago

Question

★★★★★
Your friend offers to pay you an annuity of $2,600 at the end of each year for 3 years in return for cash today. You could earn 5.5% on your money in other investments with equal risk. What is the...

Answered: 1 week ago

Question

★★★★★
1. Discuss what you think is meant by the following statements: a) Splitting an egg into half to get two chickens. b) We cannot study time by taking apart a clock.

Answered: 1 week ago

Question

★★★★★
5. Give some examples of hidden knowledge.

Answered: 1 week ago

Question

★★★★★
3. Try to clarify how you think when you are going to write a note aimed at influencing the leader of the department. Remember, it is not what you think, but how you think that should be clarified....

Answered: 1 week ago

Previous Question Next Question