FRE Assignment 2

FRE Assignment 2 - FRE 306 Problem Set 2 Distributed Nov...

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FRE 306 Problem Set 2 Distributed Nov 10, 2010 Due to be handed in: Nov 17 2011 Please write your answers, with diagrams as necessary. Print out this document, adding your answers in Word, and add diagrams as you can, either in Word or by hand. Please hand your homework in hard copy to my office (McM339) in the collection box. Answer all 4 questions in part A, and one of questions B and C. A. True False Uncertain: The usual comments about the importance of giving the reasons for your answer apply. Do all four of the questions. 1. TFU: If the price of wheat at Weyburn, SK (one of several inland terminals where wheat is collected from farmers for shipment) is 100, and if the cost of transport to the Vancouver port is 20, and the cost of transport from Vancouver to Shanghai is 30, then the fob price of wheat in China is 150. 2. TFU: For a firm with world market power (“large country”) that was previously outsourcing one input from abroad to make its food product, if it learned that it could
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This note was uploaded on 11/18/2011 for the course FRE 306 taught by Professor Rickbarichello during the Winter '11 term at UBC.

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FRE Assignment 2 - FRE 306 Problem Set 2 Distributed Nov...

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