Consider a perfectly competitive market. The market supply for pizza is given by S(P) = 4P and the market demand is given by D(P) = 120 – P. Now the government implements a new law that every seller has to pay a tax of 15 on each pizza sold. What is the change in producer surplus induced by the tax?

Melissa is purchasing a $160,000 home and her bank is offering her a 30-year mortgage at a 4.9% interest rate. in order to lower her monthly payment, melissa will make a 20% down payment and will purchase 3 points. what will her monthly mortgage payment be? a. $645.98 b. $650.46 c. $662.93 d. $606.69