s37143 Need helps for Microeconomic !!!!!!!!! Thank you - TopicsExpress

s37143 Need helps for Microeconomic !!!!!!!!! Thank you !!!!!!!!!! a. The Energizer Bunny that “keeps going and going” has been a very successful ad campaign for batteries. Draw graph and explain the relationship between this slogan and the firm’s price elasticity of demand and total revenue. b. Consider this statement: “Unrestricted foreign trade costs domestic jobs”. Do you agree or disagree? Discuss this statement in Vietnam’s context. c. Opponents of increasing the tax on gasoline argue that the big oil companies just pass the tax along to the consumers. Do you agree or disagree? Draw graph and explain your answer using the concept of Price elasticity of demand. (3 marks) d. Do you support prohibiting the government from imposing any trade barriers, such as tariffs and quotas, except in case of war or national emergency? Why or why not? (3 marks)

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