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Question 1 (1 point) Under an excise tax, the price paid by the consumer is not equal to the price received by the producer because

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Question 1 (1 point) Under an excise tax, the price paid by the consumer is not equal to the price received by the producer because the difference in these prices is the Deadweight loss of the tax Per unit excise tax Total tax revenue generated ONone of the above Question 2 (1 point) You run a business with annual revenue of $5,000 and expenses of $1,400. You have a job offer from one of your competitors to work for an annual salary of $2500. The equipment for the business could be sold and the funds invested to generate $100 in annual interest earnings if the proceeds were invested. What is your economic profit from running the business? $1,700 $1,400 $1,000 $2,100 Type here to search O Ei

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