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

question 85

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 $4 tax on each slice of cheesecake and that the new equilibrium price is $7.What is the deadweight loss of the tax?

• A) $3
• B) $6
• C) $8
• D) $9

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Definitions:

Nutritional Assessment

A systematic process of evaluating nutritional status and needs, to plan interventions based on the nutrition requirements of a person.

Registered Nurse

A healthcare professional who has graduated from a nursing program and passed a national licensing exam to provide patient care.

Nutritional Goal

A specific health objective related to the intake, absorption, and metabolism of nutrients.

Hypertension

A medical condition characterized by persistently high blood pressure.