(Answered) Suppose a tariff of 3800 per unit is place on cars as a

Management Studies

Suppose a tariff of $3800 per unit is place on cars. As a result, domestic production of cars increases from 54,000 cars per year to 81,000 cars per year, while domestic demand for cars drops from 131,000 cars per year to 108,000 cars per year. How much revenue will the government collect from this tariff each year?

Round your answer to two decimal places.

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