Chrome File Edit View History Bookmarks Profiles Tab Window Help G Q 8 Tue Mar 5 2:51 PM Q Bing X D2L Select This X Q 4. Is monop X Course Her X C chegg.com/ x CH2 Proble X MindTap - C ChatGPT x C chegg.com x + G 9 ng.cengage.com/staticb/ui/evo/index.html? deploymentld=609893252525107443613866346&elSBN=9780357722909&nold=3776315&snapshotld=3776315... * eCampus M Gmail YouTube 9 Maps New Tab Content Learning Materials > > CENGAGE |MINDTAP Q Search this course ? Chapter 08 Homework X Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. E Graph Input Tool (? A-Z EI 50 Market for Cigarettes Supply Quantity 20 (Packs) Demand Price 30.00 Supply Price 20.00 ( Dollars per pac (Dollars per pack) Tax 10.00 (Dollars per pack) PRICE (Dollars per pack) 1 2 Demand At O ? 0 5 15 20 25 30 35 40 45 50 QUANTITY (Packs) Suppose the government imposes a $10-per-pack tax on suppliers. Course Hero 5 ASuppose the government imposes a $10-per-pack tax on suppliers. At this tax amount, the equilibrium quantity of cigarettes is packs, and the government collects in tax revenue. Now calculate the government's tax revenue if it sets a tax of $0, $10, $20, $25, $30, $40, or $50 per pack. (Hint: To find the equilibrium quantity after the tax, adjust the \""Quantity\" field until the Tax equals the value of the per-unit tax.) Using the data you generate, plot a Laffer curve by using the green points (triangle symbol) to plot total tax revenue at each of those tax levels. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 400 4 360 Laffer Curve 320 280 240 TAX REVENUE (Dollars) 200 160 120 80 40 0 0 5 10 15 20 25 30 35 40 45 50 TAX (Dollars per pack)Suppose the government is currently imposing a $10-per-pack tax on cigarettes. True or False: The government can raise its tax revenue by increasing the per-unit tax on cigarettes. O True O False Consider the deadweight loss generated in each of the following cases: no tax, a tax of $20 per pack, and a tax of $40 per pack. On the following graph, use the black curve (plus symbols) to illustrate the deadweight loss in these cases. (Hint: Remember that the area of a triangle is equal to % X Base X Height. In the case of a deadweight loss triangle found on the graph input tool, the base is the amount of the tax and the height is the reduction in quantity caused by the tax.) 500 450 400 Deadweight Loss 350 300 250 200 150 DEADWEIGHT LOSS (Dollars) 100 50 increases by a greater and greater amount 15 20 25 30 3 TAX (Dollars per pack) increases and then decreases increases at a constant rate As the tax per pack increases, deadweight loss