Business, 07.11.2019 06:31 rutza

3nrp & erp (6 points)the world price of a liter of vodka is $7.00. while the distillation is done domestically, some of the grainsand materials for the bottle are imported. the value of imported components is $2.00. assume that thereis no tariff on imported components used to make vodka. a) (1 points) what is the nrp for vodka if there is a tariff of $3.00? b) (1 points) what is the erp for vodka if there is a tariff of $3.00? c) (2 points) now assume that there is a tariff of $1.50 on the inputs used to make vodka. what wouldyou expect to be larger, the nrp or the erp? why? d) (2 points) calculate the new nrp and new erp.

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3nrp & erp (6 points)the world price of a liter of vodka is $7.00. while the distillation is do...