Scenario 12-1 Suppose Jim and Joan Receive Great Satisfaction from Their Consumption

question 164

Multiple Choice

Scenario 12-1
Suppose Jim and Joan receive great satisfaction from their consumption of cheesecake.Joan would be willing to purchase only one slice and would pay up to $6 for it.Jim would be willing to pay $9 for his first slice,$7 for his second slice,and $3 for his third slice.The current market price is $3 per slice.
-Refer to Scenario 12-1.Assume that the government places a $2 tax on each slice of cheesecake and that the new equilibrium price is $5.What is the deadweight loss of the tax?

• A) zero
• B) $3
• C) $6
• D) $8

Understand the relationship between language and the external environment.

Gain insight into sentence ambiguity and its potential sources.

Grasp the concepts related to the speed and accuracy of language comprehension.

Understand the developmental aspects of language acquisition.