That is correct! Ма Market: Trade and Tariff World Price plus Tariff Наpрy Economics Contact Lens Market: World Price plus Tariff 240 Mentor World Quantity 200- Quantity World Price Price + 160 I should also note that the domestic government collects the revenue generated by the tariff. Supplied Demanded Price 120- Tariff 240 60 80 40 Vivan 20 20 220 60 80 160 Can you explain this in more detail for our listeners? 40 40 200 60 80 - Quantity Supplied Quantity Demanded World Price - World Price + Tariff 60 60 180 60 80 80 80 160 60 80 Julio 100 100 140 60 80 Oh, sure! For each box of contacts that is imported, the government receives the tariff - in this case $20. 120 120 120 60 80 140 140 100 60 80 Vivan 160 160 60 80 180 180 60 60 80 Oh, I see - so how much revenue does the government receive with this import tariff? 200 200 40 60 80 220 220 20 60 80 Julio 240 240 60 80 శ్రీ శ్రీ శ్రీ శ్రీ శ్లీ శ్లీ శ్లి శ్లీ శ్ి 8-# •
That is correct! Ма Market: Trade and Tariff World Price plus Tariff Наpрy Economics Contact Lens Market: World Price plus Tariff 240 Mentor World Quantity 200- Quantity World Price Price + 160 I should also note that the domestic government collects the revenue generated by the tariff. Supplied Demanded Price 120- Tariff 240 60 80 40 Vivan 20 20 220 60 80 160 Can you explain this in more detail for our listeners? 40 40 200 60 80 - Quantity Supplied Quantity Demanded World Price - World Price + Tariff 60 60 180 60 80 80 80 160 60 80 Julio 100 100 140 60 80 Oh, sure! For each box of contacts that is imported, the government receives the tariff - in this case $20. 120 120 120 60 80 140 140 100 60 80 Vivan 160 160 60 80 180 180 60 60 80 Oh, I see - so how much revenue does the government receive with this import tariff? 200 200 40 60 80 220 220 20 60 80 Julio 240 240 60 80 శ్రీ శ్రీ శ్రీ శ్రీ శ్లీ శ్లీ శ్లి శ్లీ శ్ి 8-# •
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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How much revenue does the government receive with this import tariff?
Note- the amount imported is 80 goods.
Idk how to calculate this
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