A new toll of $0.50 per car is put into effect on a roadway, and 1,000 cars have since used the roadway. What is the total tax revenue?
A) $500
B) $2,000
C) $1,000
D) $5,000
Correct Answer:
Verified
Q44: In general, more efficient taxes have:
A)lower administrative
Q45: Which term is defined as the logistical
Q46: Suppose the government currently imposes a $4
Q47: A lump-sum tax: is the most efficient
Q48: For any given tax, the revenue generated
Q50: To calculate tax revenue, we:
A)divide total revenue
Q51: Imposing taxes in markets where demand and
Q52: In general, the more complex the tax,
Q53: A bridge that typically is traversed by
Q54: Lump-sum taxes reduce the total amount of
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