Calculate the effects on governments objective of a tariff


Problem

Suppose that demand and supply are exactly as described but there is no marginal social benefit to production. However, for political reasons the government counts a dollar's worth of gain to producers as being worth $2 of either consumer gain or government revenue. Calculate the effects on the government's objective of a tariff of 5 per unit.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Calculate the effects on governments objective of a tariff
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