Excess burden is largest with lump-sum taxes. O unit taxes. O no taxes.

Explore the market for land and then answer the question. When the government raises the tax rate on land income, what do land owners do? Land owners O A. decrease the land they use and pay the tax OB. pay more tax and receive less after-tax income OC. sell some land and pay less tax OD. increase the rent on land and pay more tax Rent (dollars per year) 1,500 1,000 600 0 Tax rate Land supply 250 Perfectly inelastic supply Land demand 500 Land (billions of acres)

Question 44 Please refer to the description of a tax on a market, represented by the graphic .. The amount of deadweight loss as a result of the tax is represented by the area(s) Check all that apply. F C. E.

45)

There are a variety of taxes that a person pays when buying an airline ticket. One tax is called the LUST fuel tax. LUST stands for leaking underground storage tank. The LUST tax is to establish a trust fund to provide money for oversight and corrective action against owners of leaking underground storage tanks and provides money for cleanup of LUST sites where the owner or operator is unknown. Is it efficient for customer’s of airlines to beforced to pay the tax?

When a tax is collected from the buyers in a market,. a. the tax burden falls most heavily on the buyersb. the buyers bear the burden of the taxc. the sellers bear the burden of the taxd. the tax burden on the buyers and sellers is the same as an equivalent tax collected from the sellers

When firm must pay a tax proportional to the number of items it produces: fixed cost of production will       [increase, decrease, remain the same]  , marginal cost of production will       ["", "", ""]  , average cost of production will       ["", "", ""]  .

Tax incidence refers to ? A. the average tax rate. B.how much revenue a tax generates. C.the extent to which a tax is proportional. D. who bears the burden of a tax.

Suppose you bought a digital camera for a total purchase price of $279.99. If state taxes were 5.4%, what was the amount of the sales tax? (Round your answer to the nearest cent.)

QUESTION 3 What tax per item t will maximize total tax reveue T = tq if the demand is p+q3D1000 and supply 92 +2.5q+920 30 is