Refer to the Information Provided in Table 19 -Refer to Table 19

question 74

Multiple Choice

Refer to the information provided in Table 19.5 below to answer the questions that follow.
Capital and labor each cost $1 per unit. The firm produces 1,000 units of output.
Table 19.5
$$\begin{array} { | c | c c | } & \begin{array} { c } \text { Input } \\\text { Requirements } \\\text { per unit of } \\\text { Output }\end{array} \\\text { Technology } & K& L \\\hline \text { A } & 5 & 2 \\\hline \text { B } & 3 & 5 \\\hline\end{array}$$
-Refer to Table 19.5. Suppose the government imposes a 100% tax on capital. What is the total tax revenue raised?

• A) $2,000
• B) $3,000
• C) $5,000
• D) The answer is impossible to determine with the given information.