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Question 3 2. Taxes and Efficiency (Part a) A consumer values a boat at $55,000 and it costs a producer $50,000 to make the

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Question 3 2. Taxes and Efficiency (Part a) A consumer values a boat at $55,000 and it costs a producer $50,000 to make the same boat. If there is no sales tax and the transaction is completed at $52,000, the transaction will generate $ worth of buyer surplus and $ worth of seller surplus. Question 4 2. Taxes and Efficiency (Part b) A consumer values a boat at $55,000 and it costs a producer $50,000 to make the same boat. If there is a 10% sales tax levied on the seller, then the seller's bottom-line price (minimum willingness to sell) is $ to the nearest dollar). This sales tax 1 pts 1 pts (round (type in either "deters" or "does not deter") the transaction from happening.

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