Suppose Luke Values a Scoop of Italian Gelato at $4

question 42

Multiple Choice

Suppose Luke values a scoop of Italian gelato at $4. Leia values a scoop of Italian gelato at $6. The pre-tax price of a scoop of Italian gelato is $2. The government imposes a "fat tax" of $3 on each scoop of Italian gelato, and the price rises to $5. The deadweight loss from the tax is

• A)$1.
• B)$2.
• C)$3.
• D)$4.

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Definitions:

Corporate Strategy

The overall plan and direction that a company adopts to achieve its long-term goals and objectives, balancing its resources and potential opportunities.

Training Program

A structured and systematic sequence of educational or learning activities designed to achieve specific learning outcomes or improve performance.

Needs Analysis

A process used to identify gaps between current and desired performance or outcomes, often used in organizational and training contexts.

Training And Development

The process of enhancing the skill set and knowledge of employees through various educational methods.