"1. Imagine that the price that consumers pay for a good is equal to $4. The government collected $1 of taxes for every unit sold. How much does the firm get to keep after the tax is paid (i.e. Ptax-tax)?
a) $1
b) $2
c) $3
d) $4
e) $5
2. Based on what is shown in the figure, what is the value of the tax paid by consumers?
a) $3.30 x 90 = $297
b) $3.30 x 100 = $300
c) $0.50 x 90 = $45
d) $0.50 x 100 = $50
e) $0.30 x 90 = $27
f) $0.30 x 100 = $30
g) $0.20 x 90 = $18
h) $0.20 x 100 = $20"