Need help with these questions please.

1.

price Refer to Exhibit 34-8. Assume that the current price of domestically produced sugar in the United States is $0.47 per pound. (2 points each) Show your work, and/or explain your answer. a. At $0.47 per pound how many pounds of sugar will Americans purchase from US. suppliers? _ b. At $0.47 per pound how many pounds of sugar will Americans import from abroad? _ c. How much revenue does government collect by imposing the tariff? _ d. Use the areas 1-10 to identify areas that show consumer surm at world price and at world price + tariff: I. At world price ,ll. At world price + tariff e. If tariff is removed what amount of sugar would American import? (? (? Candonia Lamponia 16 16 14 SUGAR (Millions of pounds) 12 12 PPF 1 00 PPF A SUGAR (Millions of pounds) N N O 0 2 4 6 8 10 12 14 16 2 4 6 8 10 12 14 16 GRAIN (Millions of pounds) GRAIN (Millions of pounds) Refer to Exhibit 34-6. Suppose countries Candonia and Lamponia do enjoy comparative advantage between them. Show your work, and/or explain your answer. a. For country Candonia, find the opportunity cost of 1 unit of Grain in terms of units of Sugar: b. For country Candonia, find the opportunity cost of 1 unit of Sugar in terms of units of Grain: c. For country Lampoina, find the opportunity cost of 1 unit of Grain in terms of units of Sugar: d. For country Lampoina, find the opportunity cost of 1 unit of Sugar in terms of units of Grain: e. Which of the two counties has comparative advantage in production of Grain?U.S. economy, like any other economy is globalized. In that context, will the policy of "America first", i.e. raising tariffs on imported goods, help U.S. economy or hurts it? Support your