A new toll of $0.50 per car is in place on a bridge,and 1,000 cars have used the bridge.Total tax revenues would be:
A) $500.
B) $2,000.
C) $1,000.
D) $5,000
Correct Answer:
Verified
Q48: For any given tax, the revenue generated
Q49: A bridge that typically gets 1,000 cars
Q52: Imposing taxes in markets where demand and
Q53: An example of a lump-sum tax is
Q54: Lump-sum taxes reduce the total amount of
Q55: If the primary goal in implementing a
Q56: The administrative burden of a tax is:
A)
Q57: In the real world,lump-sum taxes are:
A) rarely
Q58: The logistical costs associated with implementing a
Q59: To calculate tax revenue:
A) divide total revenues
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