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Below is a model showing the annual effect of a recently imposed aluminum tariff. The rise in US production of primary aluminum added 500 jobs

Below is a model showing the annual effect of a recently imposed aluminum tariff. The rise in US production of primary aluminum added 500 jobs in the sector. Estimate the cost to the US economy for each job added.

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Price us supply curve ($/metric ton) $2100 world price + tariff $1900 world price us demand curve 785 1100 5200 5500 Quantity(in thousands of metric tons)

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