**Question 10**Using the attached table, once the tax is implemented, the tax revenue will be ________________ and the deadweight loss will be ________________.| Quantity | MB | MC | MB - Tax (Amount producer receives) ||----------|-----|-----|------------------------------------|| 520 | 164 | 80 | 94 || 525 | 160 | 90 | 90 || 530 | 156 | 100 | 86 || 535 | 152 | 110 | 82 || 540 | 148 | 120 | 78 || 545 | 144 | 130 | 74 || 550 | 140 | 140 | 70 || 555 | 136 | 150 | 66 |*Note:* MB designates the marginal benefit and reflects the values on the demand curve. MC is the marginal cost and designates the values on the supply curve.- ☐ $18,375, $1,750- ☐ $70, $35- ☐ $36,750, $875- ☐ $525, $1,750

Deadweight loss defines the loss of economic efficiency that happens if the equilibrium of supply…

QUESTION 10 Using the attached table, once the tax is implemented, the tax revenue will be be Quantity MB MC MB-Tax (Amount producer receives) 94 90 86 82 78 74 70 66 and the deadweight loss will 520 164 80 525 160 90 530 156 100 535 152 110 540 148 120 545 144 130 550 140 140 555 136 150 Note: MB designates the marginal benefit and reflects the values on the demand curve. MC is the marginal cost and designates the values on the supply curve.

QUESTION 10 Using the attached table, once the tax is implemented, the tax revenue will be be Quantity MB MC MB-Tax (Amount producer receives) 94 90 86 82 78 74 70 66 and the deadweight loss will 520 164 80 525 160 90 530 156 100 535 152 110 540 148 120 545 144 130 550 140 140 555 136 150 Note: MB designates the marginal benefit and reflects the values on the demand curve. MC is the marginal cost and designates the values on the supply curve.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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