Figure 9-17
-Refer to Figure 9-17.The amount of revenue collected by the government from the tariff is
A)$32.
B)$288.
C)$368.
D)$720.

Name: Figure 9-17 -Refer to Figure 9-17.The amount of revenue collected by the government from the tariff is A)$32. B)$288. C)$368. D)$720.
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Question

Figure 9-17 
-Refer to Figure 9-17.The amount of revenue collected by the government from the tariff is
A)$32. 
B)$288. 
C)$368. 
D)$720.

Quizplus · Accepted Answer

The revenue collected by the government from the tariff is calculated by multiplying the tariff per unit by the quantity of imports. In this case, the correct calculation results in $288.

Figure 9-17 -Refer to Figure 9-17.The Amount of Revenue Collected by the Collected