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$250 worth of goods from firm B and $2… Show more There ar

$250 worth of goods from firm B and $2… Show more There are three firms in an economy: A, B, and C. Firm A buys $250 worth of goods from firm B and $200 worth of goods from firm C, and produces 200 units of output, which it sells at $5 per unit. Firm B buys $100 worth of goods from firm A and $150 worth of goods from firm C, and produces 300 units of output, which it sells at $7 per unit. Firm C buys $50 worth of goods from firm A and nothing from firm B. It produces output worth $1,000. All other products are sold to consumers. BIf a tax on total value added of each firm (value-added tax) of 10 percent is introduced, how much revenue will the government get? c. How much would government get if it introduced a 10 percent income tax? d. How much would government get if it introduced a 10 percent sales tax on final output? • Show less


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