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Assume the Venezuelan government grants its manufacturers a production subsidy of $4 per calculator. After the subsidy is granted, how much do Venezuelan imports total?

Assume the Venezuelan government grants its manufacturers a production subsidy of $4 per calculator. After the subsidy is granted, how much do Venezuelan imports total? Explain how you arrived at your answer

a.Consider Figure 2. How much is the increase in Venezuelan producer surplus under the production subsidy?

e. Consider Figure 2. How much overall welfare loss for Venezuela does the production subsidy result in?

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