Information for questions 1-5 The graph below shows the supp…

Information for questions 1-5 The graph below shows the supply and demand for coffee in a certain country. The world price of coffee is $1.00 per pound. This is a small country, therefore whatever it does will not affect this world price. The government of this country charges a tariff of $0.80 per pound of imported coffee. Except where noted, all questions refer to the country’s situation after the tariff has been levied by the government. For all questions, enter a whole or decimal number, as appropriate. Enter 0 if the answer cannot be obtained from the information given. Only the exact answer is accepted, so double and triple check your calculations. Calculate the producer surplus of coffee production.

Information for questions 1-5 The graph below shows the supp…

Information for questions 1-5 The graph below shows the supply and demand for coffee in a certain country. The world price of coffee is $1.00 per pound. This is a small country, therefore whatever it does will not affect this world price. The government of this country charges a tariff of $0.80 per pound of imported coffee. Except where noted, all questions refer to the country’s situation after the tariff has been levied by the government. For all questions, enter a whole or decimal number, as appropriate. Enter 0 if the answer cannot be obtained from the information given. Only the exact answer is accepted, so double and triple check your calculations. Calculate the consumer surplus of coffee consumption.