Figure 4.4 represents the market for gasoline in a small nation. The free trade world price of gasoline is $3.50. Suppose this small nation imposes a tariff on gasoline of $.50 per gallon. The change in producer surplus would be
a. $15.
b. $12.50.
c. $47.50.
d. $57.50.
b. $12.50.
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Regional or specialty trade shows would be better than a large, national trade show for all of the following goals, except:
A) provide higher quality prospects B) more quality one-on-one time with customers C) enhance a firm's brand or corporate name D) opportunities to bond with customers
Critics of Nike often complain that its shoes cost almost nothing to make, yet they are priced so high. Identify the elements of providing and communicating value that add to Nike's cost structure and result in the high price of Nike shoes
What will be an ideal response?
Earnings that are high quality would
a. be informative about current performance and provide information about the long-run sustainability of profits. b. be informative about past performance and provide information about the long-run sustainability of profits. c. be informative about current performance and provide information about the long-run sustainability of assets. d. be informative about past performance and provide information about the long-run sustainability of assets and liabilities.
.Product unit costs computed using activity-based costing compared to product unit costs computed using a traditional costing approach will
A) sometimes be the same. B) always be higher. C) always be the same. D) always be lower.