Refer to the Graph Shown

question 46

Multiple Choice

Refer to the graph shown. With a tariff on lumber imported from Canada of $6 per ton, the revenue the government would collect from the import of lumber would be:

• A)$0.
• B)$3,600.
• C)$4,200.
• D)$4,800.

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Definitions:

Estimated Depreciation

The projection of an asset’s decrease in value over time due to wear and use, used for accounting and tax purposes.

Fees Collected

Revenue generated from charging for services provided, professional services, or through administrative fees.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which may not align with the calendar year.

Seasonal Variations

Fluctuations in data or activities that occur at similar periods each year due to seasonal factors.