exam 3 answer

exam 3 answer - 1. ANSWER: WITHOUT TAX WITH TAX CHANGE...

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ARE 201 Spring 2009 Exam #3 Answer Sheet MULTIPLE CHOICE (3 points each) 1. b 2. b 3. a 4. b 5. d 6. d 7. b 8. a 9. a 10. d 11. a 12. a 13. b 14. b 15. a 16. b 17. c 18. c TRUE/FALSE (2 points each) 1. F 2. F 3. T 4. F 5. T 6. T 7. F 8. T 9. F
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SHORT ANSWER APPLICATION/SCENARIO (9 points each)
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Unformatted text preview: 1. ANSWER: WITHOUT TAX WITH TAX CHANGE Consumer surplus A + B + C A –(B + C) Producer surplus D + E + F F –(D + E) Tax revenue None B + D (B + D) Total surplus A + B + C + D + E + F A + B + D + F –(C + E) 2. ANSWER: a. $6, 84 b. 66 c. 44 d. $384 e. $294 f. $45 g. $80 h. $44 i. $11...
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This note was uploaded on 10/22/2009 for the course ARE 201 taught by Professor Eryuruk during the Fall '08 term at N.C. State.

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exam 3 answer - 1. ANSWER: WITHOUT TAX WITH TAX CHANGE...

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