Question 18
Based on the above data, answer the given subquestions.
How much revenue would the domestic government collect from the imports of ball pens due to this import duty of ₹10? ____________
Question 18: How much revenue would the domestic government collect f…
Show answer
Correct answer: 400 or 400000
Video solution
The video solution to this question is being recorded and will play here. Until then, the answer key is above.
Question 18 of 43 in the IIT Madras BS Managerial Economics (Managerial Economics) End Term paper sat on 31 Aug 2025, in the May 2025 term (IIT M IMPROVEMENT FN EXAM QIA1 31 Aug 2025). It carries 1.5 marks.
More questions from this paper
- If the price elasticity of demand for the product is –2, find the marginal cost (in ₹) of the last unit produced
- What is the firm’s percentage markup of price over marginal cost (as a % of the price)? _
- Suppose that the average cost of the last unit produced is ₹15 and the firm’s fixed cost is ₹2000. Find the firm’s prof…
- Two used car dealerships compete side by side on a main road. The first, Hamid’s Cars, always sells high-quality cars t…
- Two used car dealerships compete side by side on a main road. The first, Hamid’s Cars, always sells high-quality cars t…
- Two used car dealerships compete side by side on a main road. The first, Hamid’s Cars, always sells high-quality cars t…
- Two used car dealerships compete side by side on a main road. The first, Hamid’s Cars, always sells high-quality cars t…
- Two used car dealerships compete side by side on a main road. The first, Hamid’s Cars, always sells high-quality cars t…
- Two used car dealerships compete side by side on a main road. The first, Hamid’s Cars, always sells high-quality cars t…
- Two used car dealerships compete side by side on a main road. The first, Hamid’s Cars, always sells high-quality cars t…
- The equilibrium price of ball pens in the domestic market without any imports will be P= _
- Consumer surplus in this case will be CS =
- Producer surplus in this case will be PS =
- In case of import without tariff, how many total units of ball pens will be imported _
- In case of import without tariff, how many units of ball pens are being supplied by domestic firms
- With the tariff, how many units would be imported?
- How much would domestic producer surplus change compared to the case with imports without tariffs if the government int…
- The equilibrium quantity and price before incidence of tax are
- Consumer surplus before incidence of tax is
- Producer surplus before incidence of tax is
- The equilibrium quantity after the incidence of tax is
- The new price that buyer pays after incidence of tax is
- The net price received by the seller after incidence of tax
- The loss in consumer surplus due to incidence of tax is
- The loss in producer surplus due to incidence of tax is
- The total tax revenue is
- Deadweight loss of tax is
- A beekeeper lives adjacent to an apple orchard. The orchard owner benefits from the bees because each hive pollinates a…
- A beekeeper lives adjacent to an apple orchard. The orchard owner benefits from the bees because each hive pollinates a…
- For which values of p will you decide not to get an MBA?
- If P=0.4, what is the highest price the university can charge for you to be willing to go ahead and get an MBA?
- What price would this monopolist will set?
- How many apartments will he offer for rent?
- What price would he set if he had 40 apartments?
- How many would he rent if he had 40 apartments?
- What is true about monopolistic competition
- Choose the correct statement
- Choose the correct alternative
- Adverse selection occurs when
- Moral hazard occurs when contracts are written in such a way that
- If the income of the consumer increases and the one of the prices decreases at the same time, the consumer will not nec…
- A monopolist never produces in