Elucidate inputs used in making the mobile phone are, Ask an Expert

Economics

Tariff on imported inputs of mobile phone and calculation of NRP.

Utilize the scenarios described below to answer this problem.

Scenario 1: The free trade world price of a mobile phone is $50. All of the inputs used in making the mobile phone are imported. These imported inputs cost $19. A tariff of $6 is placed on mobile phones.

Scenario 2: Use all of the information in Scenario 1 AND now there is a tariff of $10 on imported inputs used to make mobile phones.

find out the NRP for scenario 2.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M919660

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