Question
In: Economics
Laptop computers are produced domestically and also imported. The price of laptop computers is $1000 and...
Laptop computers are produced domestically and also imported. The price of laptop computers is $1000 and domestic producers use $600 of imported inputs per laptop computer produced at home. a) What will be the price of laptop computers if a 20% tariff is imposed on imports of finished laptop computers? _____________ b) What will be the domestic value added after tariff? ________________ c) What will be the effective rate of protection? _______________________ d) What will be the cost of input if along with a 20% tariff on finished computers, a 20% tariff is also imposed on imported inputs? ___________________________ e) What will be the value added when along with a 20% tariff on the finished computer, a 20% tariff is also imposed on imported inputs? __________ f) Based on information in part d) and e), what will be the new effective rate of protection on laptop computers? ___________
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
1. Laptop computers are produced domestically and also imported. The price of laptop computers is $1000...
1. Laptop computers are produced domestically and also imported.
The price of laptop computers is $1000 and domestic producers use
$600 of imported inputs per laptop computer produced at home.
a) What will be the price of laptop computers if a 20% tariff is
imposed on imports of finished laptop computers? _____________
b) What will be the domestic value added after tariff?
________________
c) What will be the effective rate of protection?
_______________________
d) What will be the cost of...
1. Laptop computers are produced domestically and also imported. The price of laptop computers is $1000...
1. Laptop computers are produced domestically and also imported.
The price of laptop computers is $1000 and domestic producers use
$600 of imported inputs per laptop computer produced at home. a)
What will be the price of laptop computers if a 20% tariff is
imposed on imports of finished laptop computers? _____________ b)
What will be the domestic value added after tariff?
________________ c) What will be the effective rate of protection?
_______________________ d) What will be the cost of...
2. Battery Level of Laptop Computers in Shipment A computer manufacturer ships laptop computers with the...
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1. Market demand for laptop computers is y = 500 - p. But the computers are...
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Tablet computers are rapidly becoming more mainstream and replacing traditional desktop and laptop computers with the...
Tablet computers are rapidly becoming more mainstream and
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Rundle Manufacturing produces two keyboards, one for laptop computers and the other for desktop computers. The...
Rundle Manufacturing produces two keyboards, one for laptop
computers and the other for desktop computers. The production
process is automated, and the company has found activity-based
costing useful in assigning overhead costs to its products. The
company has identified five major activities involved in producing
the keyboards.
Activity
Allocation Base
Allocation Rate
Materials receiving & handling
Cost of material
2 % of material cost
Production setup
Number of setups
$
108.00
per setup
Assembly
Number of parts
$
6.00
per...
Rundle Manufacturing produces two keyboards, one for laptop computers and the other for desktop computers. The...
Rundle Manufacturing produces two keyboards, one for laptop
computers and the other for desktop computers. The production
process is automated, and the company has found activity-based
costing useful in assigning overhead costs to its products. The
company has identified five major activities involved in producing
the keyboards.
Activity
Allocation Base
Allocation Rate
Materials receiving & handling
Cost of material
2 % of material cost
Production setup
Number of setups
$
108.00
per setup
Assembly
Number of parts
$
6.00
per...
Franklin Manufacturing produces two keyboards, one for laptop computers and the other for desktop computers. The...
Franklin Manufacturing produces two keyboards, one for laptop
computers and the other for desktop computers. The production
process is automated, and the company has found activity-based
costing useful in assigning overhead costs to its products. The
company has identified five major activities involved in producing
the keyboards.
Activity
Allocation
Base
Allocation Rate
Materials receiving &
handling
Cost of material
1 % of
material cost
Production
setup
Number of
setups
$
113.00
per setup
Assembly
Number of parts
$
5.00
per...
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