Assume there is a 35% tariff on bananas imported into the United States. Also, assume that the market competition is at its beginning and the law of one price is not in effect. If the domestic market price of Hawaiian bananas is one dollar per bunch, imported bananas will sell for: a. $0.35/bunch b. $0.65/bunch c. $1.65/bunch d. $1.35/bunch e. $1.00/bunch

answer; is usually (less than) the socially optimal level of consumption;

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

answer/// equals both average variable cost and average total cost at their respective minimums;

answer(8,000.)