Enter the total economic rent ($) and the quantity of goods imported into the calculator to determine the Quota Rent.
Quota Rent Formula
The following formula is used to calculate the Quota Rent.
QR = ER * Q
- Where QR is the Quota Rent ($)
- ER is the total economic rent ($)
- Q is the quantity of goods imported
How to Calculate Quota Rent?
The following example problems outline how to calculate Quota Rent.
Example Problem #1:
- First, determine the total economic rent ($). In this example, the total economic rent ($) is given as 150.
- Next, determine the quantity of goods imported. For this problem, the quantity of goods imported is given as 10.
- Finally, calculate the Quota Rent using the equation above:
QR = ER * Q
The values given above are inserted into the equation below:
QR = 150 * 10 = 1,500 ($)
Example Problem #2:
The variables needed for this problem are provided below:
total economic rent ($) = 160
quantity of goods imported = 20
Entering these values and solving gives:
QR = 160 * 20 = 3,200 ($)
