5. Joe earns $15,000 in inceme and pays $1.500 in taxes while Jack earns 540.000 and pays S7.500 in taxes. The structure of this tax isMutiple Choiceprogressverent seekingproportionalregressiveSuppose there are three power-generating plants, each of which has access to 5 different production processes. The eccompanying teble summerizes the cost of eech production process and the comesponding number of tons of smoke emimed each.Precess (snoke/day)Cost to Firn X ($/day)A (4 tons/day)$ see(3 tons/day)$ 514D (1 tons/day) E (0 tons/day)E 555C (2 tons//day$ 530S 585Cost to Firn Y (S/day)400420445480520Cost to Firm Z (5/day)see325368400550Suppose the government decides to impose a tex on eech ton gf smoke emitted, Whet would be the lowest tex, in whole dollers, thet would reduce emissions to 6 tons per dey?Muti ple Choce$26 per ton$21 per ton$41 per ton$36 per tonO o o O

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Answered: Joe earns S15.000 in income and pays…

Joe earns S15.000 in income and pays S1500 in taves while Jack earns 540.000 and pays S7.500 in taves. The structure of this tax is Mumpie Choice progressve rert seeing propermona egresve

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter6: Supply, Demand And Government Policies

Section: Chapter Questions

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Question

Joe earns $15,000 in inceme and pays $1.500 in taxes while Jack earns 540.000 and pays S7.500 in taxes. The structure of this tax is
Mutiple Choice
progressve
rent seeking
proportional
regressive
Suppose there are three power-generating plants, each of which has access to 5 different production processes. The eccompanying teble summerizes the cost of eech production process and the comesponding number of tons of smoke emimed each.
Precess (snoke/day)
Cost to Firn X ($/day)
A (4 tons/day)
$ see
(3 tons/day)
$ 514
D (1 tons/day) E (0 tons/day)
E 555
C (2 tons//day
$ 530
S 585
Cost to Firn Y (S/day)
400
420
445
480
520
Cost to Firm Z (5/day)
see
325
368
400
550
Suppose the government decides to impose a tex on eech ton gf smoke emitted, Whet would be the lowest tex, in whole dollers, thet would reduce emissions to 6 tons per dey?
Muti ple Choce
$26 per ton
$21 per ton
$41 per ton
$36 per ton
O o o O

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