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What is the tariff revenue

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Reference no: EM131097468

In 2006, the European Union tariff on imported bananas from Latin America was €176 a ton. Suppose 2.5 million tons of bananas were imported in 2006 but then the tariff decreased to €152 a ton in 2007 and as a result, 3 million tons were imported in 2007. What is the tariff revenue in 2007?

a. €440,000,000

b. €528,000,000

c. €375,000,000

d. €456,000,000

Reference no: EM131097468

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