A recent study conducted by the Centers for Disease Control and Prevention (CDC) shows that each pint of beer generates $1 worth of economic costs
A recent study conducted by the Centers for Disease Control and Prevention (CDC) shows that each pint of beer generates $1 worth of economic costs in the form of lost workplace productivity Suppose the government decides to pursue a Pigourvian solution to eliminate the social loss that arises from excessive drinking. Calculate the tax revenue generated by the optimal Pigousian tax. Please do NOT need Include a dollar sign in your response.The market demand and supply for beer is shown in the figure below. Suppose the market price for a pint of beer is $6. The Market for Beer 12 11 Price ($) O - NWA OOVOOO 0 2 4 6 8 10 12 14 16 18 20 22 24 Quantity (pints)
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