Questions 4 and 5

price supply domestic price - mport price + tariff C G I demand 100 300 500 650 850 quantity Consider a free trade market what letters make up consumer surplus: |a,b,c,d Consider a free trade market what letters make up producer surplus: d Consider the market after the tariff what letters make up consumer surplus: a Consider the market after the tariff what letters make up producer surplus: b and d Consider the market after the tariff what letters make up government revenue: e Consider the market after the tariff what letters make up deadweight loss: |f and g What is the value of the government revenue: What is the value of the deadweight loss: 1500 What is the quantity of imports before the tariff: 20 What is the quantity of imports after the tariff: 35 QUESTION 5 Rebecca owns a yoga studio on the main street in a city. She charges $30 per class. Each class is an hour and usually has 10 people. There is a dog daycare next door that usually only has loud activities in the evening when Rebecca does not have any classes. The dog daycare started running a promotion for three hours in the morning and they are now busy and loud in the morning. Rebecca's clients are unwilling to take classes during that time because it is so loud. The dog daycare is making an additional $500 from the promotion. Considering potential losses and gains for the yoga studio and the dog daycare should Rebecca attempt to negotiate or threaten to sue for the noise pollution? (negotiate, sue) If Rebecca chooses to negotiate what is the contract zone where she should offer to stop the promotion? If she chooses to seek a legal alternative what is the contact zone that the dog daycare would be willing to prevent litigation? (