1. In Figure 4.2 (see attached), by how much is the market(a) Overproducing private goods?(b) Underproducing public goods?5. If the average adult produces $75,000 of output per year, how much output is lost as a result of deaths from secondhand smoke, according to the News on page 70? (see attached) 6. (a) Assuming a 10 percent sales tax is levied on all consumption, complete the following table:Percent of Incomepaid in taxes????????????????????(b) Is the sales tax progressive or regressive?
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