Question 1

No Aid, No Violation

Accepted Answer

;lg;ldf

Question 2

Solve for total deadweight loss after the implementation of the quota.

Accepted Answer

50

Question 3

What is the total consumer expenditure under free trade/no protection?

Accepted Answer

800

Question 4

How much additional revenue did the domestic firm make after the quota.

Accepted Answer

300

Question 5

If no trade existed what would be the revenue of the domestic firm?

Accepted Answer

900

Question 6

Solve for the monetized value of deadweight loss stemming from inefficiently produced goods?

Accepted Answer

125

Question 7

What is the amount of government revenue generated from the tariff?

Accepted Answer

450

Question 8

How much revenue have foreign firms lost because of the tariff?

Accepted Answer

1125

Question 9

How many fewer units are consumed after the tariff is implemented?

Accepted Answer

250

Question 10

What is domestic firm revenue under free trade?

Accepted Answer

450

Question 11

What is the value of the government's opportunity cost?

Accepted Answer

3250

Question 12

How many fewer units does the foreign firm supply after the subsidy?

Accepted Answer

125

Question 13

What is the difference in units consumed before and after the subsidy?

Accepted Answer

0

Question 14

How much additional revenue does the domestic firm gain because of the subsidy?

Accepted Answer

4750

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