Suppose a Tax of $5 Per Unit Is Imposed on a Good.The

question 214

Multiple Choice

Suppose a tax of $5 per unit is imposed on a good.The supply curve is a typical upward-sloping straight line,and the demand curve is a typical downward-sloping straight line.The tax decreases consumer surplus by $10,000 and decreases producer surplus by $15,000.The deadweight loss of the tax is $2,500.The tax decreased the equilibrium quantity of the good from

• A)6,500 to 5,500.
• B)5,500 to 4,500.
• C)5,000 to 3,000.
• D)6,000 to 4,000.

Understand the impact of reference groups on personal decision-making and self-perception.

Recognize the role of social norms in guiding individual actions and the formation of attitudes.

Examine the effects of social influence on behavior through experimental findings.

Understand the concept and implications of frame of reference in social comparisons and norm development.

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Definitions:

Scheduling Tasks

Scheduling tasks involves organizing tasks and activities by allocating time slots and resources, often to increase efficiency and productivity.

Cafeteria-Style Benefits

Employee benefit plans that allow workers to choose from a variety of pre-tax benefit options to create a package that best suits their needs.

Increased Satisfaction

The improvement of contentment and happiness levels among individuals or groups, often used in the context of employees within organizations.

Reduced Turnover

A decrease in the rate at which employees leave a company voluntarily and need to be replaced, often resulting from improved job satisfaction and work conditions.