This paper circulates around the core theme of Describe at least one (1) way that the Futures Unlimited Corporation makes output and price decisions. together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Part A
Imagine that it is the 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 at least one (1) way that the Futures Unlimited Corporation makes output and price decisions.
Part B
1. Would consumers benefit more from a tariff or a quota on imports? Provide one (1) supporting fact to support your response.
