Use the following to answer questions:
-(Table: The Market for Fried Twinkies) Look at the table The Market for Fried Twinkies. As a result of the $0.30 tax per fried Twinkie, the government will receive total tax revenue of:

Question

Use the following to answer questions: 
-(Table: The Market for Fried Twinkies) Look at the table The Market for Fried Twinkies. As a result of the $0.30 tax per fried Twinkie, the government will receive total tax revenue of:

Quizplus · Accepted Answer

The total tax revenue is calculated by multiplying the tax per unit ($0.30) by the quantity sold. If the table indicates that 5,000 fried Twinkies are sold, the total tax revenue would be 5,000 * $0.30 = $1,500.

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