Table 4.1. Production Costs and Prices of Imported and Domestic VCRs Imported VCRs Domestic VCRs Component...

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Table 4.1. Production Costs and Prices of Imported and Domestic VCRs Imported VCRs Domestic VCRs Component...

Table 4.1. Production Costs and Prices of Imported and Domestic VCRs

Imported VCRs		Domestic VCRs
Component parts	$150	Imported component parts	$150
Assembly cost/profit	50	Assembly cost	50
Nominal tariff	25	Profit	25
	____		____
Import price		Domestic price
after tariff	225	after tariff	225

23. Consider Table 4.1. Prior to the tariff, the total price of imported VCRs is:

a.	$150
b.	$200
c.	$225
d.	$235

business economics

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Answer 1

Answer #1

Ans. - (B)

TOTAL PRICE OF IMPORTED VCR WILL INCLUDE COMPONENT PART+ ASSEMBLY COST/ PROFIT.

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Answer 2

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