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Which of the following objectives can be achieved my imposing an excise tax? Question 16 options: Decreasing the quantity transacted Increasing consumer surplus Increasing producer
Which of the following objectives can be achieved my imposing an excise tax? Question 16 options: Decreasing the quantity transacted Increasing consumer surplus Increasing producer surplus Increasing total surplusAdam 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? Question 17 options: 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 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
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