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HELP PLEASE 46. Within the Marvel universe, the nation of Wakanda controls the world's supply of Vibranium, a metal with extraordinary abilities, costing $10,000 per

HELP PLEASE

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46. Within the Marvel universe, the nation of Wakanda controls the world's supply of Vibranium, a metal with extraordinary abilities, costing $10,000 per gram. Currently, Walcanda does not trade the metal with other countries, preferring to remain in a state of autarky. However, if Wakanda subsequently decides to export Vibranium, what would happen to the price, assuming demand stays constant? (A) It would go up. (B) It would go down. (C) It would stay the same. (D) Impossible to determine without more information. The next five questions involve the following diagram, which depicts a tax of $10 per unit on consumers. PRICE 90 SUPPLY 72.5 70 DEMAND DEMAND (WITH TAX) 10 263 300 QUANTITY 47. Under the tax, what is the producer surplus? (A) $2,301.25. (B) $6,903.75. (C $7,890. (D) Impossible to determine without more information.\f49. What is the burden of the tax on producers? (A) $2.50. (B) $5.00. (C) $7.50. (D) $10. 50. What is the burden of the tax on consumers? (A) $2.50. (B) $5.00. (C) $7.50. (D) $10. 51. What is the deadweight loss from the tax? (A) $185. (B) $200. (C) $265. (D) $370

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