According to your text, which of the following represents the largest source of tax receipts for the Federal government?

Refer to the figure above. What is the producer surplus after Barylia opens up to free trade?

A) $225 B) $550 C) $750 D) $900

If you have flipped a fair coin and tails has come up 49 times in a row, what are the odds that the next flip will be a tail?

A) 0 B) 1/50 C) 1/25 D) 1/2