The deadweight loss from a tax
A) is the tax revenue the government collects when people die.
B) is the split of a tax between the amount paid and the amount collected.
C) equals the amount collected as revenue from the tax.
D) is called the excess burden of the tax.
E) equals the amount collected as revenue from the tax plus the excess burden of the tax.
D
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Which of the following would not be considered money in the hands of the public?
a. cash hidden under a mattress b. a bank's vault cash c. cash in the cash register of a hardware store d. cash stored in the hardware store's vault e. cash in your wallet
Refer to the graph shown. If this monopolist were forced to set price equal to marginal cost, in the long run it probably would produce:
A. 300 units of output. B. 0 units of output. C. 500 units of output. D. 900 units of output.