Figure 10-13

question 516

Multiple Choice

Figure 10-13. On the graph, Q represents the quantity of plastics and P represents the price of plastics.
-Refer to Figure 10-13. If the government imposed a corrective tax that successfully moved the market from the market equilibrium to the social optimum, then tax revenue for the government would amount to

• A)$1,250.
• B)$1,600.
• C)$2,000.
• D)$2,500.

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Definitions:

Limited Liability Companies

A commercial entity that unites the individual or partnership tax pass-through with the corporation's benefit of limited liability.

Members

Owners of a limited liability company.

Articles of Organization

Legal documents filed with a state government to officially start a limited liability company (LLC) and outline its structure and operation.

Joint Stock Company

A partnership agreement in which company members hold transferable shares while all the goods of the company are held in the names of the partners.