{"id":106491,"date":"2022-01-27T16:12:31","date_gmt":"2022-01-27T16:12:31","guid":{"rendered":"https:\/\/essayparlour.com\/paperhelp\/?p=106491"},"modified":"2022-01-27T16:12:31","modified_gmt":"2022-01-27T16:12:31","slug":"suppose-the-home-firm-is-considering-whether-to-enter-the","status":"publish","type":"post","link":"https:\/\/essayparlour.com\/paperhelp\/business-economics-2\/suppose-the-home-firm-is-considering-whether-to-enter-the\/","title":{"rendered":"Suppose the Home firm is considering whether to enter the"},"content":{"rendered":"<table style = 'table-striped table-bordered table-hover' responsive='true'>\n<tr>\n<th>Question<\/th>\n<\/tr>\n<tr>\n<td>Suppose the Home firm is considering whether to enter the Foreign market. Assume that the Home firm has the following costs and demand:<br \/>\n Fixed costs \t\t= $140<br \/>\n Marginal costs \t= $10 per unit<br \/>\n Local price \t\t= $25<br \/>\n Local quantity \t= 20<br \/>\n Export price \t\t= $15<br \/>\n Export quantity \t= 10<br \/>\n a. Calculate the firm&#8217;s total costs from selling only in the local market.<br \/>\n b. What is the firm&#8217;s average cost from selling only in the local market?<br \/>\n c. Calculate the firm&#8217;s profit from selling only in the local market.<br \/>\n d. Should the Home firm enter the Foreign market? Briefly explain why.<br \/>\n e. Calculate the firm&#8217;s profit from selling to both markets.<br \/>\n f. Is the Home firm dumping? Briefly explain.<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Question<\/p>\n<p>\nSuppose the Home firm is considering whether to enter the Foreign market. Assume that the Home firm has the following costs and demand:<br \/>\n Fixed costs \t\t= $140<br \/>\n Marginal costs \t= $10 per unit<br \/>\n Local price \t\t= $25<br \n<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-106491","post","type-post","status-publish","format-standard","hentry","category-business-economics-2"],"_links":{"self":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/comments?post=106491"}],"version-history":[{"count":1,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106491\/revisions"}],"predecessor-version":[{"id":106492,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106491\/revisions\/106492"}],"wp:attachment":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/media?parent=106491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/categories?post=106491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/tags?post=106491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}