Question 1
Refer to the information provided in Figure 16.1 below to answer the question(s) that follow.
Refer to Figure 16.1. To force this firm to produce the efficient level of output, the government should impose a tax of
◦ $5.00 per bag of fertilizer.
◦ $10.00 per bag of fertilizer.
◦ $15.00 per bag of fertilizer.
◦ an amount that is indeterminate from this information.
Question 2
Refer to the information provided in Figure 16.1 below to answer the question(s) that follow.
Refer to Figure 16.1. The ________ amount of fertilizer is 50 bags.
◦ efficient
◦ unregulated
◦ break-even
◦ equitable
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