Question
If maintaining the hiking area costs $1.5 million annually, financed by a distortionary tax that causes a deadweight loss of $0.40 per dollar raised, then
If maintaining the hiking area costs $1.5 million annually, financed by a distortionary tax that causes a deadweight loss of $0.40 per dollar raised, then net benefits to society of preserving the hiking area will be _______________ million annually. (Give the process of solving the problem
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Principles of Microeconomics
Authors: N. Gregory Mankiw
8th edition
1305971493, 978-1305971493
