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A small country can import a good at a world price of 10 per unit. The domestic supply curve of the good isQs=50+5PThe demand curve

A small country can import a good at a world price of 10 per unit. The domestic supply curve of the good isQs=50+5PThe demand curve isQd=40010PIn addition, each unit of production yields a marginal social benefit of

10.

Part 2a. The welfare gain from a tariff of $5 per unit levied on imports is

$enter your response here.

(Round your answer to the nearest penny)

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