Given the following information, calculate the total cost of buying a laser printer from Japan: Total Cost Analysis: Practice Problem LaserJet Printers from Japan Cubes Per Container 2400 Cubes for EACH printer 6 Printers per pallet 20 Price paid to supplier (EACH) $19.00 Each Tariffs 3% of Value Duties 5% of Value Port Security $1,200 Container Ocean Shipping $4,500 Container Inland Transport (Holding area to DC) $500 Container Movement from Port to Holding Area $250 Container Insurance 2.5% of Value Packaging $1 Each Costs in DC (movement and storage) $5 Pallet Quality Control $10.00 Pallet Inventory Carrying Costs 24% per year (assume 120,000 annual usage) Environmental Disposal Fees $1.50 Each Customer field failures (cost to return, etc) 1/2 % fail in the field; value is the price paid Customer Service/warranty $1.00 Shipment to the Customer $5.00 Each a. $7,600.00 b. $20,410.00 c. $51.03 d. $32.03 e. No clue!

10. problems and applications q10 a market is described by the following supply-and-demand curves: qsqs = = 2p2p qdqd = = 300â’p300â’p the equilibrium price is $ and the equilibrium quantity is . suppose the government imposes a price ceiling of $90. this price ceiling is , and the market price will be $ . the quantity supplied will be , and the quantity demanded will be . therefore, a price ceiling of $90 will result in . suppose the government imposes a price floor of $90. this price floor is , and the market price will be $ . the quantity supplied will be and the quantity demanded will be . therefore, a price floor of $90 will result in . instead of a price control, the government levies a tax on producers of $30. as a result, the new supply curve is: qsqs = = 2(pâ’30)2pâ’30 with this tax, the market price will be $ , the quantity supplied will be , and the quantity demanded will be . the passage of such tax will result in .