【正文】 ost all taxes reduce the welfare of buyers, increase the welfare of sellers, and raise revenue for the a tax on a good is enacted,（）.A)buyers and sellers share the burden of the tax regardless of whether the tax is levied on buyers or on )buyers always bear the full burden of the )sellers always bear the full burden of the )sellers bear the full burden of the tax if the tax is levied on them。buyers bear the full burden of the tax if the tax is levied on decrease in the size of a tax is most likely to increase tax revenue in a market with（）.A)elastic demand and elastic )elastic demand and inelastic )inelastic demand and elastic )inelastic demand and inelastic the tax on a good is doubled, the deadweight loss of the tax（）.A)increases by 50 ))) assume that the typical person who starts her own business does so with the intention of（）.A)donating the profits from her business to )capturing the highest number of sales in her )maximizing )minimizing Darren sells 300 glasses of iced tea at $ each, his total revenues are（）.A)$)$)$)$ cost is the（）.A)amount a firm receives for the sale of its )fixed cost less variable )market value of the inputs a firm uses in )quantity of output minus the quantity of inputs used to make a firm39。s opportunity costs of production are equal to its（）.A)explicit costs )implicit costs )explicit costs + implicit )explicit costs + implicit costs + total of the following products would be considered scarce?（）A)automobiles B)footballs autographed by Messi C)tomatos D)All of the above are of the following statements about the price elasticity of demand is correct?（）A)The price elasticity of demand for a good measures the willingness of buyers of the good to buy less of the good as its price )Price elasticity of demand reflects the many economic, psychological, and social forces that shape consumer )Other things equal, if good x has close substitutes and good y does not have close substitutes, then the demand for good x will be more elastic than the demand for good )All of the above are the market for illegal drugs, when the government is successful in reducing the flow of drugs into the United States,（）.A)supply decreases, demand is unaffected, and price )demand decreases, supply is unaffected, and price )demand and supply both decrease, leaving price essentially )supply decreases, demand increases, and price increases imposition of a binding price floor on a market causes quantity demanded to be（）.A)greater than quantity )less than quantity )equal to quantity )Both a)and b)are tax imposed on the buyers of a good will（）.A)raise both the price buyers pay and the effective price sellers )raise the price buyers pay and lower the effective price sellers )lower the price buyers pay and raise the effective price sellers )lower both the price buyers pay and the effective price sellers the current allocation of resources in the market for wallpaper is efficient, then it must be the case that（）.A)producer surplus equals consumer surplus in the market for )the market for wallpaper is in )on the last unit of wallpaper that was produced and sold, the value to buyers exceeded the cost to )All of the above are result of welfare economics is that the equilibrium price of a product is considered to be the best price because it（）.A)maximizes both the total revenue for firms and the quantity supplied of the )maximizes the bined welfare of buyers and )minimizes costs and maximizes )minimizes the level of welfare things equal, the deadweight loss of a tax（）.A)decreases as the size of the tax )increases as the size of the tax increases, but the increase in the deadweight loss is less rapid than the increase in the size of the )increases as the size of the tax increases, and the increase in the deadweight loss is more rapid than the increase in the size of the )increases as the price elasticities of demand and/or supply increase, but the deadweight loss does not change as the size of the tax cause deadweight losses because they（）.A)lead to losses in surplus for consumers and for producers that, when taken together, exceed tax revenue collected by the )distort incentives to both buyers and )prevent buyers and sellers from realizing some of the gains from )All of the above are a petitive market, the actions of any single buyer or seller will（）.A)have a negligible impact on the market )have little effect on market equilibrium quantity but will affect market equilibrium )affect marginal revenue and average revenue but not )adversely affect the profitability of more than one firm in the the price of milk rises, when is the price elasticity of demand likely to be the lowest?（）A)immediately after the price increase B)one month after the price increase C)three months after the price increase D)one year after the price increase good X has a negative ine elasticity of implies that good X is（）.A)a normal )a )an inferior )a fully understand how taxes affect economic wellbeing, we must pare the（）.A)benefit to buyers with the loss to )price paid by buyers to the price received by )profits earned by firms to the losses incurred by )decrease in total surplus to the increase in revenue raised by the tax placed on a good（）.A)causes the effective price to sellers to )affects the welfare of buyers of the good but not the welfare of )causes the equilibrium quantity of the good to )creates a burden that is usually borne entirely by the sellers of the increase in the size of a tax is most likely to increase tax revenue in a market with（）.A)elastic demand and elastic )elastic demand and inelastic )inelastic demand and elastic )inelastic demand and inelastic the tax on a good is tripled, the deadweight loss of the tax（）.A)remains ))increases by a factor of )increases by a factor of normally assume that the goal of a firm is to（）.A)maximize its total )maximize its )minimize its explicit )minimize its total Tanya sells 200 glasses of fruit punch at $ each, her total revenues are（）.A)$)$)$)$ is