-The total amount of tariff revenue collected on this product would be: A)P_aP_t x wy B)P_cP_a x 0x C)P_cP_t x wy D)P_cP_t x 0z E)P_aP_t x 0x

Name: -The total amount of tariff revenue collected on this product would be: A)P a P t x wy B)P c P a x 0x C)P c P t x wy D)P c P t x 0z E)P a P t x 0x
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Question

Quizplus · Accepted Answer

The correct formula for tariff revenue is the tariff rate (t) times the quantity of imports. The choice that correctly represents this is the tariff rate (c) times the quantity of imports (wy), which is option C.

-The Total Amount of Tariff Revenue Collected on This Product