Table 4.1. Production Costs and Prices of Imported and Domestic VCRs Imported VCRs Domestic VCRs Component...
Table 4.1. Production Costs and Prices of Imported and Domestic VCRs
|
Imported VCRs |
Domestic VCRs |
||
|
Component parts |
$150 |
Imported component parts |
$150 |
|
Assembly cost/profit |
50 |
Assembly cost |
50 |
|
Nominal tariff |
25 |
Profit |
25 |
|
____ |
____ |
||
|
Import price |
Domestic price |
||
|
after tariff |
225 |
after tariff |
225 |
25. Consider Table 4.1. Prior to the tariff, domestic value added equals:
|
a. |
$25 |
|
b. |
$50 |
|
c. |
$75 |
|
d. |
$100 |
26. Consider Table 4.1. After the tariff, domestic value added equals:
|
a. |
$25 |
|
b. |
$50 |
|
c. |
$75 |
|
d. |
$100 |
Homework Answers
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