Given the following information, calculate the cost to consumers, the benefit to producers, the change in government

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Given the following information, calculate the cost to consumers, the benefit to producers, the change in government revenue, and the deadweight costs of a proposed 10 percent tariff on personal computers.

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International Economics

ISBN: 9780321783868

9th Edition

Authors: Steven Husted , Michael Melvin

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Question Posted: Apr 27, 2024 03:00 AM

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Given the following information, calculate the cost to consumers, the benefit to producers, the change in government

Question:

Price of computers (free trade) Domestic production (free trade) $4,000 100,000 Domestic production (after tariff) 120,000 Domestic consumption (free trade) Domestic consumption (after tariff) 140,000 150,000

Step by Step Answer:

Based on the information in the table heres how we can estimate the cost to consumers the benefit to producers the change in government revenue and the deadweight loss of a 10 tariff on personal compu...View the full answer

International Economics

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