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Question 11 Tries remaining: 2 Points out of 7.70 PFlag question S Tax $40 $30 $20 $10 10 20 30 40 Calculate the Tax Revenue that this per unit tax would generate. (Do not include a $ sign in your response. Round to the nearest two decimal places if Answer: Check

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Answer #1

Unit tax = Vertical distance between the curves STax and S = $(30 - 15) = $15

After tax equilibrium is at intersection of the curves STax and D, with output being 15.

Tax revenue = Unit tax x After-tax output = $15 x 15 = $225.00

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