111

Homework 4
Due in class on December 7

1.
WTO
[ ]

2.
Forcapitalabundant , USeapect [ 是 Jexport > [ 是 Jimport , butresultis [ ] mports [ 是 Jexport , 有 demandreversalor
fu ctor -
intensive reversal ,

3. What do you think is the major defect in the Leontief test that might have caused
the paradox to occur? Why? Explain your answer in detail.

4. When there exist internal economies of scale in production, explain that free
trade will lead to complete specialization and gain from trade.

5. [This question is about a domestic monopolist.] Suppose that the market

demand of a product faced by a monopolist is given by q = 50 - p, where q is the
market demand and p the market price. Determine the marginal revenue (MR).
Show the demand curve and the marginal revenue curve in a diagram. Can you
give an economics intuition of why for any positive output level MR is less than
the price? [Invert the demand function so that you express the price in terms of
quantity. Multiply the price by quantity to get revenue. Differentiate the revenue
to get marginal revenue.]

6. Suppose that the marginal cost MC of monopolist is given by MC = 2 + q.

Assuming the market demand (and thus the marginal revenue) in the previous
exercise, derive the optimal output level of the monopolist. For this output, what
is the market price charged by the monopolist? What is the competitive price
[denoted by pc in the class and lecture notes.]?

7. Suppose now that the economy trades freely without any transport costs with the
rest of the world under a given world price. Determine the domestic demand,
output of the monopolist, and volume of export or import in each of the
following cases: MC q p ≈ 34 domestil demand } 34 16
6 .
= 2 + 7 . 3 : U -
=

q P 50
Supply =
(a) pw = 34
=

+ 感
-

:
P 4 = 2 q
= 2

MR SO q
= -

∴ export I - 16 = 16 Viexce 做 } { upply )

MC = MR q = 16 P =
34
(b) pw = 24. p ' ∵ = MC 恬
P
SO q d +
pw domestic dernand
=

26
-

: 24 : 30 -

24 =

它 =
4 p “ : 26

SuPply : P
= 24 = 2
+ q q = 起

下 import a 6 - 22 =
4 ( " excebs demand )
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8. Suppose that the local government does not allow any import while permitting
free export of the product. Let the world price be pw = 34 and use the monopolist
given in the previous exercise. Calculate the domestic demand, output of the
monopolist, and volume of export or import. 8 p 34 .
“

domestic dem and : 34 =38 - 2 q q =

output ofthe mo > opolist

32
:
β= 3 ⽃ =
2 +
q q =

∴ supply 7 demand → eapurt 32

-

8 = c 4

[End of Homework 4]
可 , 川需求逆轉 ( ) 要素密集度逆轉 因為美國對勞動密集型商品需求較低 ,
,

因此和美國貿易夥伴相比 美國的⼯資相對暫低 , ,
) ⼈⼒資本 ,
因為 H -
O 假設
各國勞⼯同質 ,
( 4 ) ⾃然資源 因為 ,
H -
O 假設⽣產使⽤ L 和公兩種要素 忽略天然 ,

資源的重要性 ,

經由⾃由貿易
4 . 貿易利得來⾃於消費者效⽤函數提升 透過內部經濟規模 ,
,

提升產品多樣性 ,
消費者選擇增加 效⽤函數上升 ,

5 .
q = 50 -

P 3 P = 50 -

MR = 50 2
q
-

印
㉚
在 momopoly 的情况下 ⽣產者根據 demandcurve
,

來决定價格 ,
因為⽣產者想要出售更多商品 ,

巧
如必須降低價格 ,
所以 HRCD

1
台灣加入 WTO 後 ,
所以會進嘮密集本財
因為是資豐當國 ,
,

資本需求⼩
出⼝資本密集導致台灣的勞需求 ↓ ,

之中國資本密集財價格下降 , 但勞密集財價格上升 , 依

3 folper gamuels _
0 m 定理可得 ,
台灣⼯資將下跌 但資本報酬上漲 ,
,

中國則是⼯資上漲 但資本報酬下跌 , ,