There are 2, 1 page each assignments. The first page topic is Government Monopoloes. The second topic is "Consumers are faced with Tariffs or Quotas"

Assignment Requirements

 

There was nowhere to indicate this was one assignment, but required 2 pages to be written.
Has to be 1 page each (2 separate pages total), and APA format for each page ( 2 separate pages).
Page A: (A 1-page response is required): Imagine that it is year 2199. Technology has progressed at an incredible pace. The latest discovery is the plutonium engine, which is capable of converting plutonium, a by-product of nuclear fission, into fuel to power the nuclear reactors in our new form of transportation, the rocket-car. However, because the firm that invented the engine, the Futures Unlimited Corporation, already has a government license to control and distribute the quantity of this certain isotope of plutonium on the market, it is now conceivably in charge of a monopoly on plutonium-fueled transportation.
1. Describe the economic outcome of this single-price monopoly in terms of profit. Provide one (1) supporting fact to support your response.
2. Describe one (1) way that the Futures Unlimited Corporation makes output and price decisions.

Part B (A 1-page response is required.)
1. Would consumers benefit more from a tariff or a quota on imports? Provide one (1) supporting fact to support you response.
2. Consider the following weekly production possibilities of gloves and hats in Panama and Russia:
Gloves: 20 in Russia; 180 in Panama.
Hats: 80 in Russia; 90 in Panama.
a. What is each country’s opportunity cost of producing gloves and hats?
b. If the countries could, should they trade? Provide one (1) supporting fact to support your position.

Each paper has to have at least 1 source and supporting fact, single spaced, and APA format. After writing a one page response to each of the 2 topics, can you combine it into a 2 page PDF? If not, please just send 2 word documents and I will combine them myself.

*NOTE: I will be a returning customer if this turns out good, I am a working adult and no time to spare, but my work is demanding a degree after 20 years of service. Please help!

 

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