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HOW LARGE IS THE DEAD WEIGHT LOSS?

HOW LARGE IS THE DEAD WEIGHT LOSS?

1 Show more please show me how to calculate the following question or mention the concepts. thank you so much 1) If there are no restriction on trade how much will the U.S import? ______million units 2) IF the US imposes a tariff of $4.00 per pound what will be the price level of import? and the US will import____million units.? 3) How much will the government earn from traiff? 4) How large is the dead weight loss? 5) If the US has no tariff but imposes an import quota of 8 million pounds what will be the US domestic price? 6) what is the cost of this quota for US consumer of fiber? 7)the change in consumer surplus is___million? 8) what is the gain for US producer? thank you so much!! Show less

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