Chapter 32: Q.16 (page 730)

Take a look at the panel (a) of Figure 32-4. On a per-unit basis, how much of the $$50$ -per-unit tariff on imported tablet devices are paid by U.S. consumers? On a per-unit basis, how much of the $$ 50$ -per-unit tariff is paid by Chinese tablet producing firms?

Short Answer

Expert verified

The Chinese tablet producing firms have paid for $4$ million devices.

Step by step solution

Introduction

According to the chart, with the inconvenience of duty, the stockpile for the Chinese caused tablet gadgets to have diminished from $10$ million units to $8$ million units. This is on the grounds that now the shippers need to follow through on a greater expense for the product.

Explanation

When tariff = $$ 50$

The commodity has increased by $$ 225 - $ 200 = $ 25$

So on the per-unit premise, US clients have really paid the tax for $4$ million Chinese made tablet gadgets.

Then again, Chinese tablet creating firms have paid for the rest $4$ million gadgets.

Hence the Chinese tablet producing firms have paid for $4$ million devices.

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Take a look at the panel (a) of Figure 32-4. On a per-unit basis, how much of the $\(50$ -per-unit tariff on imported tablet devices are paid by U.S. consumers? On a per-unit basis, how much of the $\) 50$ -per-unit tariff is paid by Chinese tablet producing firms?

Short Answer

Step by step solution

Introduction

Explanation

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Most popular questions from this chapter

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Take a look at the panel (a) of Figure 32-4. On a per-unit basis, how much of the \(50-per-unit tariff on imported tablet devices are paid by U.S. consumers? On a per-unit basis, how much of the \)50-per-unit tariff is paid by Chinese tablet producing firms?

Short Answer

Step by step solution

Introduction

Explanation

One App. One Place for Learning.

Most popular questions from this chapter

Study anywhere. Anytime. Across all devices.

Take a look at the panel (a) of Figure 32-4. On a per-unit basis, how much of the $\(50$ -per-unit tariff on imported tablet devices are paid by U.S. consumers? On a per-unit basis, how much of the $\) 50$ -per-unit tariff is paid by Chinese tablet producing firms?