Suppose, in a small country, that under free trade a final good F has a price of $1,000, that the prices of the only two inputs to good F, goods A and B, are PA = $300 and PB = $500, and that 1
unit each of A and B is used in producing 1 unit of good F. Suppose also that an ad valorem tariff
of 20 percent is placed on good F, while imported goods A and B face ad-valorem tariffs of 20
percent and 30 percent, respectively. Calculate the ERP for the domestic industry producing good
F, and interpret the meaning of this calculated ERP (effective rate of protection).

where is the

if you have to make a general question and respond to your thoughts, then this isn't really a question someone can you on. read the passage, form your question, and answer using your thoughts. no one else can understand how you interpreted this text if you don't tell us.

dude the first thing it says is that copied answers will get a zero. plus it would take anyone on an incredibly long time to answer. ive seen 2 people asking the exact same question and their questions got taken down. i have the assignment too, and im in the progress of doing it. i suggest going to a more private website, because this is the first place teachers look.