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olchik [2.2K]
3 years ago
5

Assume the small-country model is applicable. If the world price of the product is $6 and a tariff of $1 per unit is applied to

imports of the product, then the total revenue (after tariff) going to domestic producers would be ________ and the total revenue (after tariff) going to foreign producers would be ________.
Business
1 answer:
Galina-37 [17]3 years ago
5 0

Answer:

$11,200, $2,400

Explanation:

Assume the small-country model is applicable. If the world price of the product is $6 and a tariff of $1 per unit is applied to imports of the product, then the total revenue (after tariff) going to domestic producers would be $11,200, and the total revenue (after tariff) going to foreign producers would be $2,400

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<h3>What is product delivery?</h3>

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The use of GPS enable us delivery drivers avoid traffic delays by informing them ahead where there are traffic.

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5 0
2 years ago
Under the gold standard of currency exchange that existed from 1879 to 1914, an ounce of gold cost $20.67 in U.S. dollars and £4
Elena-2011 [213]

Answer:

The answer is £0.2055/$

Explanation:

Exchange rate is the price of one currency in terms of another. It is also the number of units of one currency(price currency) that one unit of another currency(base currency) will buy.

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Therefore, exchange rate of pounds per dollar =

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8 0
3 years ago
Sales revenue $350,000 Accounts receivable $280,000 Ending inventory $230,000 Cost of goods sold $180,000 Sales returns $50,000
sesenic [268]

Answer:

$100,000

Explanation:

The computation of gross profit is shown below:-

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3 years ago
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pogonyaev

Answer:

I used an excel spreadsheet since there is not enough room here

Explanation:

         

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