This is a file upload question. Typed answers on word, PDF,…

This is a file upload question. Typed answers on word, PDF, or any other format won’t be accepted! Work your solution in a piece of paper, take a picture, and upload your file.   This is an optional extra-credit question. Answer correctly and get up to 5 points to be added to your final exam’s score (if your score is lower than 110 points). Assume that B = 30 and D = 12.  Suppose this market is closed to international trade (no trade). Given the information above: Calculate consumer surplus and producer surplus by showing your work! Suppose that now Wonderland enters the international market for sweaters (with trade), where one t-shirt now costs $15. Calculate the new values of consumer surplus and producer surplus by showing your work! Based on your calculations, who benefit and who lost (consumers or producers) when Wonderland entered the international market? Justify your answer!

The figure below shows the market for t-shirts in Wonderland…

The figure below shows the market for t-shirts in Wonderland. The domestic price is $20. Once trade is allowed, the price drops to $15 and 3 million of t-shirts are imported. Market of t-shirts in Wonderland text only Based on the figure above, match correctly:

The figure below, depicts the outline of a large fairy ring…

The figure below, depicts the outline of a large fairy ring that has appeared overnight in an open meadow, as viewed from above. The fairy ring represents the furthest advance of this mycelium through the soil. Locations A-E are all 0.5 meters below the soil surface.  What is the most probable location of the oldest portion of this mycelium?