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How to derive the changes-condition of the consumer

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Reference no: EM132060150

Please assist me to learn how to calculate the derivatives on this chart? This is my first question ever posted on course hero, so please bare with me and kindly advise of any more effective way to solicit assistance in learning!

I have already gotten this question incorrect on a test and would love any assistance with how to learn how to correctly derive the consumer surplus, producer surplus, government gain/loss, dead-weight losses if any & the overall welfare of the country.

Large Country B under free trade and w/ a $10.oo import tariff in place:

domestic price of W under free trade $40

world price of W under free trade $40

domestic price of W after imposition of tariff $44

world price of W after imposition of tariff $34

domestic production of W under free trade 80 units

domestic production of W after imposition of tariff 94 units

domestic consumption of W under free trade 120 units

domestic consumption of W after imposition of tariff 112 units

If at all possible, please help me understand how to derive the changes/condition of the consumer, producer, government and overall welfare!

Reference no: EM132060150

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