The following formula is used to estimate the deadweight loss from a tariff: 
where PM is import value; PW is the world price and M is the volume of imports. Suppose that the United States imposes a 20% antidumping duty on Chinese steel imports when the world price is $500 per ton, the value of imports with the duty is $400 million, and the volume of imports with the duty fell by 10%. Which of the following is the deadweight loss?
Definitions:
Functional Currency
The main form of money in the principal economic setting where a business functions and produces cash flows.
Currency Exchange Rates
Exchange rates for currencies dictate how much one currency can be swapped for another, affecting international commerce and investment.
Operating Expense
Expenses incurred through normal business operations, such as rent, utilities, and payroll, excluding costs directly associated with production.
Remeasurement
The process of converting the financial statements of a foreign operation into the presentation currency of the reporting entity, often due to exchange rate changes.
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