Figure 18.3
-Refer to Figure 18.3.With a tariff,the per unit government revenue is

Name: Figure 18.3 -Refer to Figure 18.3.With a tariff,the per unit government revenue is
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Question

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The per unit government revenue from a tariff is the amount of the tariff itself, which is the difference between the world price and the price after the tariff is applied. If the tariff raises the price by $2 per unit, then the government revenue per unit is $2.

Figure 18.3 -Refer to Figure 18.3.With a Tariff,the Per Unit Government Revenue