Homework Answers
28. Determining the value or benefit of the project.
29. It shifts the demand curve downward (or to the left)
30. Increases- more intense in market for RV vehicles.
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Question 28 (1 point) What is the greatest difficulty with cost-benefit analysis of a public project?...
1 TO M C o Phys zoom urls PHYSICS STATS econ 203 Left:0:59:39 Natalie Gee: Attempt...
1 TO M C o Phys zoom urls PHYSICS STATS econ 203 Left:0:59:39 Natalie Gee: Attempt 1 Price Quantity demanded Quantity supplied 700 300 400 100 900 1000 Suppose that the production of good X generates pollution in the form of chemical runoff and that the pollution imposes a S4 cost on society for each gallon of good X produced What is the optimal quantity of good X production? Does the market overproduce or underproduce? 300 - overproduce 700 -...
Please help Question 12 0.16 pts If firms in a competitive market are making positive economic...
Please help
Question 12 0.16 pts If firms in a competitive market are making positive economic profits, the long-run market supply curve O is above the point where the short-run market supply curve and the demand curve intersect. O shifts downward. O and the short-run market supply curve and the demand curve all intersect at the same point. O shifts upward. O is below the point where the short-run market supply curve and the demand curve intersect. Question 13 0.16...
1. A decrease in interest rates will ___ the cost of acquiring funds for investment projects,...
1. A decrease in interest rates will ___ the cost of acquiring funds for investment projects, other things equal. -Increase -Have an indeterminate effect on -Not change -Decrease 2. The IS curve -Shows combinations of interest rates and output levels where the goods market is in equilibrium -Is upward sloping because higher interest rates increase aggregate demand -Was created by the CIA in the 1960s as anti-Soviet propaganda -Shifts if the money supply changes 3. If firms invent new technologies,...
am 2 Time Left:2:49:52 Gees Attempt 1 Question 23 (1 point) Saved With pollution permits, what...
am 2 Time Left:2:49:52 Gees Attempt 1 Question 23 (1 point) Saved With pollution permits, what is the nature of the supply curve for pollution rights? O elastic O perfectly elastic O inelastic O perfectly.melastic Question 24 (1 point) Saved AS-20 9:16 S1680 Question 31 (1 point) Saved What is the greatest difficulty with cost-benefit analysis of a public project? determining whether government revenue is sufficient to cover the cost of the project O determining whom to award the project...
TL_sessinent_id=_494078_1&course_id=_293405_1&new_attem Question Completion Status: QUESTION 1 080106 When the money market is drawn with the value...
TL_sessinent_id=_494078_1&course_id=_293405_1&new_attem Question Completion Status: QUESTION 1 080106 When the money market is drawn with the value of money on the vertical axis, an increase in the money supply shifts the money supply curve to the right, lowering the price level. right, raising the price level. left, raising the price level. left, lowering the price level QUESTION 2 080108 When the money market is drawn with the value of money on the vertical axis, the price level decreases if either money...
Please help with these questions, Question 11 0.16 pts If Firm A is making zero economic...
Please help with these questions,
Question 11 0.16 pts If Firm A is making zero economic profits, Firm A is breaking even when opportunity cost is taken into consideration. O Firm A is also making negative accounting profits. other firms want to enter the market. Firm A wants to shut down in the short run. O Firm A wants to leave the market. Question 12 0.16 pts If firms in a competitive market are making positive economic profits, the long-run...
5. Improvements in technology that reduce production costs cause the _____ curve to shift to the _____, indicating a(n)...
5. Improvements in technology that reduce production costs cause the _____ curve to shift to the _____, indicating a(n) _____ in the amount _____ at each price point.A.demand; right; increase; demandedB.supply; left; decrease; suppliedC.demand; left; decrease; demandedD.supply; right; increase; supplied6. Assume a farmer’s land is equally productive in growing corn or potatoes and is currently producing both. If the price of corn increases but the price of potatoes does not change, the farm’s supply curve for potatoes will:A.shift to the...
The long-run supply curve for a perfectly competitive, constant-cost industry O is horizontal at minimum ATC....
The long-run supply curve for a perfectly competitive, constant-cost industry O is horizontal at minimum ATC. O is upward-sloping. O is horizontal at minimum AVC. O is found by adding up the marginal cost curves for all firms in the industry. As more firms enter the market: O the short-run market demand curve shifts to the left. O the short-run market supply curve shifts to the right. O the short-run market supply curve shifts to the left. O the short-run...
Question 51 (1 point) What is the market outcome and efficiency effect of minimum wage policy...
Question 51 (1 point) What is the market outcome and efficiency effect of minimum wage policy using the theory of perfect competitive markets? Unemployment - fair and affordable wage for all Shortage - loss in gain from trade Shortage - fair and affordable wage for all Unemployment - loss in gain from trade Question 52 (1 point) Why are too few resources generally devoted to research in new technologies in developing countries? New technologies cannot be patented. O Government research...
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True...
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True False Question 4 (1 point) The equilibrium price is the same as the market-clearing price. True False Question 5 (1 point) When the market price is above the equilibrium price, the quantity of the good demanded exceeds the quantity supplied. True False Question 6 (1 point) Which of the following events must cause equilibrium price to fall? a) demand increases and supply decreases b)...
1 TO M C o Phys zoom urls PHYSICS STATS econ 203 Left:0:59:39 Natalie Gee: Attempt 1 Price Quantity demanded Quantity supplied 700 300 400 100 900 1000 Suppose that the production of good X generates pollution in the form of chemical runoff and that the pollution imposes a S4 cost on society for each gallon of good X produced What is the optimal quantity of good X production? Does the market overproduce or underproduce? 300 - overproduce 700 -...
Please help
Question 12 0.16 pts If firms in a competitive market are making positive economic profits, the long-run market supply curve O is above the point where the short-run market supply curve and the demand curve intersect. O shifts downward. O and the short-run market supply curve and the demand curve all intersect at the same point. O shifts upward. O is below the point where the short-run market supply curve and the demand curve intersect. Question 13 0.16...
am 2 Time Left:2:49:52 Gees Attempt 1 Question 23 (1 point) Saved With pollution permits, what is the nature of the supply curve for pollution rights? O elastic O perfectly elastic O inelastic O perfectly.melastic Question 24 (1 point) Saved AS-20 9:16 S1680 Question 31 (1 point) Saved What is the greatest difficulty with cost-benefit analysis of a public project? determining whether government revenue is sufficient to cover the cost of the project O determining whom to award the project...
TL_sessinent_id=_494078_1&course_id=_293405_1&new_attem Question Completion Status: QUESTION 1 080106 When the money market is drawn with the value of money on the vertical axis, an increase in the money supply shifts the money supply curve to the right, lowering the price level. right, raising the price level. left, raising the price level. left, lowering the price level QUESTION 2 080108 When the money market is drawn with the value of money on the vertical axis, the price level decreases if either money...
Please help with these questions,
Question 11 0.16 pts If Firm A is making zero economic profits, Firm A is breaking even when opportunity cost is taken into consideration. O Firm A is also making negative accounting profits. other firms want to enter the market. Firm A wants to shut down in the short run. O Firm A wants to leave the market. Question 12 0.16 pts If firms in a competitive market are making positive economic profits, the long-run...
The long-run supply curve for a perfectly competitive, constant-cost industry O is horizontal at minimum ATC. O is upward-sloping. O is horizontal at minimum AVC. O is found by adding up the marginal cost curves for all firms in the industry. As more firms enter the market: O the short-run market demand curve shifts to the left. O the short-run market supply curve shifts to the right. O the short-run market supply curve shifts to the left. O the short-run...
Question 51 (1 point) What is the market outcome and efficiency effect of minimum wage policy using the theory of perfect competitive markets? Unemployment - fair and affordable wage for all Shortage - loss in gain from trade Shortage - fair and affordable wage for all Unemployment - loss in gain from trade Question 52 (1 point) Why are too few resources generally devoted to research in new technologies in developing countries? New technologies cannot be patented. O Government research...
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True False Question 4 (1 point) The equilibrium price is the same as the market-clearing price. True False Question 5 (1 point) When the market price is above the equilibrium price, the quantity of the good demanded exceeds the quantity supplied. True False Question 6 (1 point) Which of the following events must cause equilibrium price to fall? a) demand increases and supply decreases b)...
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