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