Question 11 1 pts Questions 8-11. You may use a calculato u answer these questions. Questions 8-11. Y these questions. Price ($) Quantity Marginal revenue demanded Total revenue ($) Ma per unit ($) 50 N/A (I recommend that you calculate the three values where the question marks appear.) 11. When the price falls from $2 to $1, the marginal revenue per unit is OA + $1.00 OB + $0.50 O E - $1.00 OC - $0.00 OD - $0.50 Question 12 1 pts 12. Ceteris paribus, the more he demand curve. A the larger is the deadweight lo of a commodity tax. B the smaller is the deadweight loss of a commodity tax. O B OA Question 13 1 pts 13. Ceteris paribus, the less elastic is the supply curve. A the larger is the d t loss of a commodity tax. the smaller is the deadweight losss of a commodity tax. OB OA Question 14 1 pts 14. In the simple analysis of a commodity tax that I taught in class, there is no deadweight loss if the (price-) elasticity of demand is equal to A infinity B one C zero OA OC OB Question 15 1 pts 15. In the simple analysis of a commodity tax that I taught in class, the tax is ultimately paid entirely by the sellers if the (price-) elasticity of demand is equal to A infinity B one zero OC OB OA Question 16 1 pts 15. In the simple analysis of a commodity tax that I taught in class, the tax is ultimately paid entirely by the buyers if the (price-) elasticity of demand is equal to A infinity B one zero OC OA OB Question 17 1 pts 17. Assume that in an isolated village each household specializes in the production of the good in which they enjoy a comparative advantage. It follows that each household specializes in the production of the good for which the opportunity cost of production is (BE CAREFUL!) A high B low O B OA Question 18 1 pts 18. In effect Henry George asserted that A the demand for a site wa ive to the rent charged. B the supply of a site was unresponsive to the rent charged. OA OB Question 19 1 pts 19. Those who advocate a tax on the site (unimproved) value of land do NOT assert that such a tax O would be borne by tenants and not by landlords O would discourage the productive use of land () would minimize deadweight loss () would be easy to evade