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lara31 [8.8K]
3 years ago
7

If Bangladesh is open to international trade in oranges without any restrictions, it will ___________ tons of oranges. Suppose t

he Bangladeshi government wants to reduce imports to exactly 120 tons of oranges to help domestic producers. A tariff of _________ per ton will achieve this. A tariff set at this level would raise $_________ in revenue for the Bangladeshi government.
Business
1 answer:
azamat3 years ago
5 0

Question Completion:

Assume that the price per ton of oranges in the international market is $810 and equilibrium is established at the price of $900 for 120 tons.

Answer:

If Bangladesh is open to international trade in oranges without any restrictions, it will ____import____ tons of oranges. Suppose the Bangladeshi government wants to reduce imports to exactly 120 tons of oranges to help domestic producers. A tariff of ____$90____ per ton will achieve this.  A tariff set at this level would raise $___10,800______ in revenue for the Bangladeshi government.

Explanation:

A tariff of $90 per ton will raise the price of a ton of oranges to $900 ($810 per ton as indicated on the question).  When the price is raised to $900 in the domestic market, the quantity demanded will equalize with the quantity supplied at 120 tons.

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The transactional cost for the buy is  = Ask price - ideal price

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Therefore, the transactional cost for the sales is = ideal cost - bid cost

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Thus we have to pay $ 0.1  as the transactional cost if we want to sell the stock now, so as to sell it cheaper than the ideal price.

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So the round up transactional cost = $\text{quantity}\times \text{transactional cost(buy)+transactional cost(sale)}$

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3 years ago
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Hello, Tnaaasty4001. Thanks for writing in.

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