Use the following to answer questions:
Figure: Bananas
-(Figure: Bananas) If there is a $3 tariff on bananas, what is the total tariff revenue?
A) $135,000
B) $180,000
C) $270,000
D) $360,000

Question

Use the following to answer questions:
Figure: Bananas 
-(Figure: Bananas) If there is a $3 tariff on bananas, what is the total tariff revenue?
A) $135,000 
B) $180,000 
C) $270,000 
D) $360,000

Quizplus · Accepted Answer

From the figure, we can see that the quantity of bananas imported is 90,000 and the price is $3. With a $3 tariff on each banana, the total tariff revenue would be 90,000 x $3 = $270,000. Therefore, the best choice is (C).

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