Use the Following to Answer Questions

question 196

Multiple Choice

Use the following to answer questions:
Figure: The Shrimp Market
-(Figure: The Shrimp Market) Look at the figure The Shrimp Market. If the government wants to limit shrimp sales to 500 pounds, it can impose a _____ excise tax on sellers, and the total tax revenue generated will be _____.

• A) $5; $2,500
• B) $7.50; $7,500
• C) $10; $2,500
• D) The answer cannot be determined from the information provided.

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Definitions:

Algebraic Expression

An expression built up from integer constants, variables, and the algebraic operations (such as addition, subtraction, multiplication, and division).

Algebraic Expression

A mathematical phrase that can contain ordinary numbers, variables, and operation symbols but does not have an equal sign.

Distance

The numerical measure of how far apart objects or points are.

Average Speed

The overall rate of speed of a moving object, calculated as the total distance traveled divided by the total time of travel.