Q14 consider the market for cheesburger above and suppose that a tax of $2 is livied on sellers. What is the quantity transacted after the tax is imposed? 25 1005075

Adam is a rational economic decision maker who enjoys eating ice cream from local shops. Ice cream is priced by the scoop, such that the marginal cost to Adam of the 3rd scoop of ice cream is $4. If Adam has chosen to eat only 2 scoops of ice cream, which of the following statements is true? At this price no consumer will buy 3 scoops of ice cream Adam's marginal benefit of consuming the 3rd scoop is greater than $4 Adam's marginal benefit of consuming the 3rd scoop is less than $4 Adam would have had more ice creams scoops if he was looking to maximize his total net benefit Question 14 (1 point) Market for Cheeseburgers $7.00 S $6.00 $5.00 $4.00 $3.00 $2.00 D $1.00 $0.00 25 50 75 100 125 150 175 200 Quantity 13 C Partly sunny ~ (1) GEN