Table 12-3

-Refer to Table 12-3.Assume that the price of a weekend ski pass is $45 and that the price reflects the actual unit cost of providing a weekend of skiing.Suppose the government imposes a tax of $12 on skiing,which raises the price of a weekend ski pass to $57.How much tax revenue is collected from these four skiers?
A) $0.
B) $12.
C) $36.
D) $48.

Question

Table 12-3
 
-Refer to Table 12-3.Assume that the price of a weekend ski pass is $45 and that the price reflects the actual unit cost of providing a weekend of skiing.Suppose the government imposes a tax of $12 on skiing,which raises the price of a weekend ski pass to $57.How much tax revenue is collected from these four skiers?
A) $0. 
B) $12. 
C) $36. 
D) $48.

Quizplus · Accepted Answer

The tax revenue collected from these four skiers is $36. This is because each skier pays $12 in taxes, and there are four skiers.

Table 12-3 -Refer to Table 12-3.Assume That the Price of a Weekend