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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.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M919660

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