Table 12-1 -Refer to Table 12-1. Assume That the Price of a Price

question 377

Multiple Choice

Table 12-1
-Refer to Table 12-1. Assume that the price of a weekend ski pass is $45 and that the price reflects the actual unit cost of providing a weekend of skiing. Suppose the government imposes a tax of $12 on skiing, which raises the price of a weekend ski pass to $57. What is the value of the surplus that accrues to all four skiers from their weekend trip?

• A)$41.
• B)$95.
• C)$144.
• D)$185.

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Definitions:

Organization Chart

A chart demonstrating the organizational structure, detailing the connections and hierarchical levels of various roles and divisions.

Misinterpreting Data

Incorrectly understanding or concluding from facts or figures, potentially leading to erroneous outcomes or decisions.

Horizontal Rule

A graphical element in the form of a horizontal line used to separate content in digital or printed media.

Sense of Scale

The perception or appreciation of the size or extent of something, often in relation to something else.