The logistical costs associated with implementing a tax are called the:

People in a certain group have a 0.3% chance of dying this year. If a person in this group buys a life insurance policy for $3,300 that pays $1,000,000 to her family if she dies this year and $0 otherwise, what is the expected value of a policy to the insurance company?

A) $0 B) $300 C) $3,000 D) $3,300

Given the scenario described, if the market price of hammers increased from $6 to $7:

Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot can offer their hammer for a minimum of $7. Lace Hardware can offer the hammer for a minimum of $10. Bob's Hardware store can offer the hammer at a minimum price of $13. A. total producer surplus would increase. B. total producer surplus would remain unchanged. C. total producer surplus would decrease. D. total producer surplus cannot be determined with the information given.