ILL GIVE BRAINLIEST Jessie has been renting for several years and although many of his friends have purchased a home, Jessie bel
2 answers:
You might be interested in
Answer:
a) The gross cost per household per year of this policy is $2 per household.
b) The policy's benefit per sugar producer per year is $2,500 per producer.
Explanation:
This tariff policy affects households, that loss consumer surplus, and sugar producers, which have a producer surplus gain.
The loss in consumer surplus due to the tariff will be $100,000 per year.
If there are 50,000 households in Sugarland, the cost per household is:
The gross cost per household per year of this policy is $2 per household.
The benefit per sugar produced can be calculated as the total benefit per year (producer surplus) divided by the total amount of sugar producers:
The policy's benefit per sugar producer per year is $2,500 per producer.