\fHW: Application: The Costs of Taxation Assignment Suppose the government imposes a $10-per-case tax on suppliers. At this tax amount, the equilibrium quantity of wine is cases, 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 case. (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.\fHW: Application: The Costs ofTaxation Assignment True or False: The government can raise its tax revenue by increasing the perunit tax on wine. 0 True 0 False Consider the deedweight loss generated in each of the following cases: no tax, a tax of $20 per case, and a tax of $40 percese. 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 1 E and the height is the reduction in quantity caused by the tax) 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 HW: Application: The Costs ofTaxation Assignment 4. The Laffer curve Government-imposed taxes cause reductions in the activity that is being taxed, I.illhich has important implications for revenue collections. To understand the effect of such a tax, consider the monthly market for wine, which is shown on the following graph. Use the graph i'nput top.i to help you answer the following questions. You wi not he graded on any changes you make to this graph. Note: Once you enter a value in a white eld, the graph and an'i:r corresponding amounts in each grewr eld will change accordingly