Exhibit 18-5 -In Exhibit 18-5, If the World Price of a Baseball

Exhibit 18-5
-In Exhibit 18-5, if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, how much tariff revenue will the United States government collect?

A) $4,000
B) $16,000
C) $20,000
D) $24,000
E) $48,000