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(a) Calculate Mexico's producer surplus and consumer surplus in autarky.
(b) Calculate the number of Mexican imports with as well as without the Tarriff.
(c) Calculate Mexico's producer surplus and consumer surplus with free trade but without the tariff.
(d) Calculate the dead weight loss of the tariff.
a
If question (CA IPCC) is silent which method to follow: avg cost or fifo or lifo?
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