Page(s) 165-166 5.3. why do taxes create deadweight loss in otherwise efficient markets? how would the consumer notice if the government decided to levy a new $2 tax on potato chips?

(a) there would be no change in price and the consumer would not notice.
(b) consumers would pay the same price for potato chips, but would notice the $2 tax at the register.
(c) the price of potato chips would rise.
(d) the government would tax individuals who bought too many potato chips.

Regarding the flow of costs through the inventory accounts, which of the following statements is incorrect? a. the costs flow from raw materials inventory to work-in-process inventory to finished goods inventory. b. the format for computing the amount used, manufactured, or sold is the same for all three inventory accounts. c. the final amount at each stage is added at the beginning of the next stage. d. purchases of raw material and freight in are debited to the work-in-process inventory account.