FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what did I do wrong Total surplus before 4000+17500=21500 total surplus after 12000+9000=21000 changes = 500 thousands 111. Suppose that the world price of TVs

what did I do wrong

Total surplus before 4000+17500=21500

total surplus after 12000+9000=21000

changes = 500 thousands

image text in transcribed
111. Suppose that the world price of TVs is $500 and the government imposes a $100 tariff. According to the gure, the tariff causes total surplus to decrease by: Price Quantity of W5 ([1 thousands) a. $1,500,000. b. $3,000,000. 0. $4,500,000. d. $6,000,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dynamic Business Law The Essentials

Dynamic Business Law The Essentials

Authors: Nancy Kubasek

1st Edition

0073377686, 9780073377681

More Books

Students also viewed these Economics questions

Question

★★★★★
Jackson invested $190,000 in a passive activity five years ago. On January 1, 2013, his at-risk amount in the activity was $45,000. His share of the income and losses in the activity were $52,000...

Answered: 1 week ago

Question

★★★★★
Show how the following problem can be made separable. subject to Minimize z = x + x + (x3 - 2 2)

Answered: 1 week ago

Question

★★★★★
Which subtests of the Wechsler intelligence tests seem most culturally fair? Which seem most potentially culturally unfair?

Answered: 1 week ago

Question

★★★★★
In an L-R-C series circuit, R = 300, L = 0.400 H, and C = 6.00 X 10-8 F. When the ac source operates at the resonance frequency of the circuit, the current amplitude is 0.500 A. (a) What is the...

Answered: 1 week ago

Question

★★★★★
P13-26 (similar to) Question Help The new CEO of Rusty Manufacturing has asked for a variety of information about the operations of the firm from last year. The CEO is given the following...

Answered: 1 week ago

Question

★★★★★
What are the three relevant dates related to a dividend? Which of these dates require a journal entry?

Answered: 1 week ago

Question

★★★★★
Digby is a Niche Cost Leader (Low Technology) Review the Inquirer to determine Digbys current strategy. How will they seek a competitive advantage? From the following list, select the top five...

Answered: 1 week ago

Question

★★★★★
ellaborate on the following; Even while diversity, equality, and inclusion ( DEI ) in the workplace are important, many firms find it difficult to prioritize and carry out worthwhile efforts. The...

Answered: 1 week ago

Question

★★★★★
Model this statement using the crow's foot modelling technique. [5 marks] Create your diagram in draw.io (or equivalent), save it as either a JPG or PNG file format, and upload your image using the...

Answered: 1 week ago

Question

★★★★★
Larry rents his townhouse to Sue for $1,400 a month. At the beginning of the lease, he asked for a $2,000 security deposit. When Sue moved out at the end of the lease Larry used $1,400 of the...

Answered: 1 week ago

Question

★★★★★
The message "Packet is a unit of data sent across the network" is to be sent over a reliable connection from node 0 to node 1. Here is a diagram of the first packet being sent: 0 0 DAT 12116 Packet...

Answered: 1 week ago

Question

★★★★★
Find the limit of each of the following exponential functions. Sketch a graph of each function to aid in your determination of the limit, if necessary... 1. lim - (0.5)-x-2+3 00 4. lim-(3)-2 +3 x-2...

Answered: 1 week ago

Question

★★★★★
Behaviour: What am I doing?

Answered: 1 week ago

Question

★★★★★
5. Imagine a situation where you were really annoyed by someone elses behaviour. Try to find the positive intention behind the behaviour.

Answered: 1 week ago

Question

★★★★★
3. Imagine a communication situation at work or at home where you felt that you were locked (inflexible). Reflect on three alternative strategies that could have led to you becoming more flexible,...

Answered: 1 week ago

Previous Question Next Question