Pete Hax Rents a Ski House in Vail for $1,800

question 34

Multiple Choice

Pete Hax rents a ski house in Vail for $1,800 per month for six months. Assuming Pete spends $12,955 for the total trip, how much was spent above the renting of the ski house?

• A) $10,800
• B) $18,100
• C) $2,155
• D) $2,515
• E) None of these

Understand the principles of tax design, including the trade-offs between efficiency and equity.

Recognize the importance and implications of government expenditure on public goods and services.

Evaluate the impact of taxes on consumer choices and market outcomes.

Understand the role of taxes in addressing externalities and funding public services.