Suppose before tariff, the price of imported avocado from Mexico to United States is $1.15 and 792 avocados are imported. After a 28 percent tariff, number of avocados is decreased to 536. What's the total tariff revenue collected by the US government? [Hìnt: Round your answer to 2 decimal places)

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Protective Tariffs

A tariff is a kind of tax that is charged on exported and imported items. It means tariff is charged on both kinds of goods i.e., exported and imported. However, some goods may be exempted from this kind of tariff. Protective Tariffs refer to the charges which a country charged on imported goods to protect its domestic market. It also protects countries Industrialists in their Production. So, that their markets remain intact and do not get dumped by outside supply.