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Continued-Let's say that Veeland chooses to impose a per-unit tariff. The new domesticprice, which includes the tariff, is now $4.d. What is the new level
Continued-Let's say that Veeland chooses to impose a per-unit tariff. The new domesticprice, which includes the tariff, is now $4.d. What is the new level of domestic production?e. Calculate the consumer surplus. You must show your work.f. Calculate the total tariff revenue. You must show your work.8. At a world price of $2, what amount of tariff tax will maximize ploducersurplus + consumer surplus, also known as total surplus?For +2 pts, explain your answer to (g).
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