Question 11(1 point)

Which of the following statements isTRUE?

An excise tax imposed on the producers of a good:

Question 11 options:

a	Generates a lower deadweight loss than an excise tax imposed on consumers
b	Only affects producer surplus and does not affect consumer surplus
c	Does not change the price paid by consumers
d	Generates the same tax revenue as as excise tax imposed on consumers

Question 12(1 point)

Number of Workers	Burgers per hour
1	4
2	10
3	17
4	22
5	25

The table above provides the total number of workers and the resulting total output per hour for Burgers Unlimited, holding all other inputs constant.

What is the marginal product of the 3rd worker?

Question 12 options:

a	5
b	7
c	4
d	17

Question 13(1 point)

Egg producers know that the elasticity of demand for eggs is 0.1. What would be the percentage decrease in the price of eggs if the quantity demanded increased by 5%?

Question 13 options:

a	1%
b	0.1%
c	5%
d	50%

Question 14(1 point)