Suppose that the nation of micronesia decides to participate in the international trade of timber. 1. Shift the line representing the world price in a way that results in micronesia exporting timber. 2. Adjust the shaded area so that it correctly represents producer surplus for micronesia\'s firms once the country is open to international trade.

You are bearish on telecom and decide to sell short 100 shares at the current market price of $50 per share. a. how much in cash or securities must you put into your brokerage account if the broker’s initial margin requirement is 50% of the value of the short position? b. how high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (input the amount as a positive value. round your answer to 2 decimal places.)