In the situation in the diagram in Question #14 above, the amount of former foreign monopoly profit that has been transferred as revenue to the home country's government because of the imposition of the tariff is __________.
A) $52
B) $104
C) $120
D) $390

Question

Quizplus · Accepted Answer

The amount of former foreign monopoly profit transferred to the home country's government as revenue due to the tariff imposition is calculated by the area representing the tariff revenue. This area is typically found by multiplying the tariff rate by the quantity of imports after the tariff imposition. Without the specific diagram, the exact calculation process can't be detailed, but the correct answer is identified as $104, suggesting this amount represents the tariff revenue gained by the home country's government, which was previously part of the foreign monopoly's profit.

In the Situation in the Diagram in Question #14 Above