Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

Problem:

Annual demand for coffee by U.S consumers is Q = 250 – 10P. The world producers can harvest and ship coffee to U.S. distributers at the constant marginal (average) cost of $8 per pound. The U.S. distributors can in turn distribute coffee for the constant $2 per pound. The U.S. coffee is competitive. Congress is considering the tariff on coffee introduces of $2 per pound.

Required:

problem 1: If the tariff is obliged, how much consumers will pay for the pound of coffee? What is quantity demanded?

problem 2: Compute the lost consumer surplus?

problem 3: Compute the tax revenue gathered by the government?

problem 4: Does the tariff result in the net gain or the net loss to society as a entire?

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M910616

Have any Question? 


Related Questions in Macroeconomics

Long-term investment decisionsassume that the low-calorie

Long-Term Investment Decisions Assume that the low-calorie frozen, microwavable food company from Assignments wants to expand and has to make some long-term capital budgeting decisions. The company is currently facing in ...

Although there are many different examples of economies in

Although there are many different examples of economies in the world, all of them demonstrate one or more of the four basic types of market structure. For this assignment, in your own words, Identify the four basic marke ...

Assignment lasa supply and demand in a global marketanswer

Assignment: LASA: Supply and Demand in a Global Market Answer the following questions using examples and applications from the readings. Justify your answers using economic concepts and ideas as they apply. Each response ...

A large country named h is considering an export subsidy to

A large country named H is considering an export subsidy to promote the industry that produces good X. The country's excess supply curve is P=2000+2X. The world's excess demand curve is P=5000-10X. a.) What is the equili ...

All else held constant is a major problem facing all

"All else held constant" is a major problem facing all methods of estimating the demand for business products. Compare and contrast how the marketing and economic approaches deal with this problem. Please use examples.

In times of a struggling economic situation determine the

In times of a struggling economic situation, determine the key steps that the Federal Reserve should take to help stabilize the economy. Next, explain how your proposed steps will affect money supply, interest rates, inf ...

Economicsintroduction250wordsprovide an overview of the

Economics Introduction(250)words Provide an overview of the chosen economy of a country Production output performance analysis(500)words -real gdp , real gdp growth rate, real gdp per capita -define and explain how each ...

Currency crisis cause and resolutiona number of currency

Currency Crisis: Cause and Resolution A number of currency crises have affected certain countries, which have also resulted in contagion in the sense that the crises affected neighboring countries. In a critical essay, s ...

Discusionyou are the cfo of a us firm whose wholly owned

Discusion You are the CFO of a U.S. firm whose wholly owned subsidiary in Mexico manufactures component parts for your U.S. assembly operations. The subsidiary has been financed by bank borrowings in the United States. O ...

Money and the prices in the long run and open

Money and the Prices in the Long Run and Open Economies Develop a 2,100-word economic outlook forecast that includes the following: Analyze the history of changes in GDP, savings, investment, real interest rates, and une ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen