The More Output That Is Eliminated by a Tax, the _____

question 54

Multiple Choice

The more output that is eliminated by a tax, the _____ the deadweight loss and the _____ the tax revenue collected.

• A) smaller; smaller
• B) smaller; greater
• C) greater; smaller
• D) greater; greater

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Definitions:

Function

An alliance between a compilation of inputs and a list of legitimate outputs, where it's mandated that each input is attributed to only one output.

Domain

All possible values of x for which a given function is defined.

Composition

In mathematics, composition is the application of one function to the result of another, denoted as \((f \circ g)(x) = f(g(x))\).

Composition

The process of combining two functions by applying one function to the results of another.