answers

watching

views

15 Dec 2017

19. If the government earns $100 of revenue from the tariff, what must be the amount of the tariff? (a) $2 per unit. (b) $1 per unit. (c) $0.77 per unit. (d) $0.33 per unit.

word_media_image1.jpeg

answers

watching

121

views

For unlimited access to Homework Help, a Homework+ subscription is required.

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

slideLv10

25 Aug 2023

Unlock all answers

Get 1 free homework help answer.

Already have an account? Log in

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

larryrambo777Lv10

8 Mar 2023

Already have an account? Log in

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

mdasfaaruddinshareefLv10

5 Mar 2023

Already have an account? Log in

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

byzantiumseal1372618Lv10

18 Dec 2022

Already have an account? Log in

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

evereadyLv10

4 Dec 2022

Already have an account? Log in

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

experttutorLv10

4 Dec 2022

Already have an account? Log in

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

glorysoft2Lv10

25 Sep 2022

Already have an account? Log in

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

teacherrecoLv10

5 Jul 2022

Already have an account? Log in

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

misseylaLv10

4 Jul 2022

Already have an account? Log in

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

almas8

Lv10

4 Mar 2022

Already have an account? Log in

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

Casey DurganLv2

17 Dec 2017

Already have an account? Log in

Related questions

34. If the government earns $80 of revenue from the tariff, what must be the amount of the tariff? (a) $2 per unit. (b) $0.67 per unit. (c) $4 per unit. (d) $0.80 per unit.

34. If the government earns $80 of revenue from the tariff, what must be the amount of the tariff? (a) $2 per unit. (b) $0.67 per unit. (c) $0.80 per unit. (d) $4 per unit.

QD 950 - P and QS = 2P - 160

Welfare Effects of a Tariff:
Given the demand and supply equations above, suppose the free trade (world) price is $200.

a. Solve for the amount imported, consumer surplus, and producer surplus.

b. Suppose a per unit tariff of $30 is imposed by the government. Solve for the consumer surplus, producer surplus, government revenue and total surplus with the tariff.

c. Solve for the change in consumer surplus, the change in producer surplus, the change in government revenue and change in total surplus (i.e. the deadweight loss) from the free trade case (without the tariff). [To do this, make the calculations using your answers in 3a, and calculate total surplus under free trade].