Page 163 5.3. why do taxes create deadweight loss in otherwise efficient markets? which of the following are examples of excise taxes? select all that apply. correct answer(s) drag appropriate answer(s) here a $1.00 tax on stamps an 8% tax on a plane ticket a 15% tax on income a 25% tax on payroll a $0.50 tax on pizza a 1% capital gains tax incorrect answer(s) drag appropriate answer(s) here

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value