Of the 3 per pizza tax illustrated in the above figure, the A) ...

[jwb375]

Of the 3 per pizza tax illustrated in the above figure, the
 
  A) consumers pay 2 of the 3 per pizza tax.
  B) sellers pay 1 of the 3 per pizza tax.
  C) government collects 120 thousand in revenue from the pizza tax.
  D) All of the above answers are correct.

Question 2

A risk averse person's utility of wealth curve has a
 
  A) positive slope and becomes steeper to the right.
  B) positive slope and becomes flatter to the right.
  C) negative slope and becomes steeper to the right.
  D) negative slope and becomes flatter to the right.

[ghepp]

Answer to Question 1

D

Answer to Question 2

B