Homework Answers
Correct option is (B).
An increase in income will shift the budget line outward, and the consumer will attain equilibrium in a new and higher indifference curve where she can buy more of the goods, increasing total utility.
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If income increases due to a decrease in taxes, then A. utility will remain constant. O...
7. If the demand for ramen noodles increases following a decrease in income, then: a. the...
7. If the demand for ramen noodles increases following a decrease in income, then: a. the law of demand does not apply to ramen noodles b. ramen noodles are normal goods c. ramen noodles are inferior goods d. ramen noodles and chicken noodle soup are substitute goods 8. Ceteris paribus, a decrease in the cost of producing yogurt will result in: a. an increase in the supply of yogurt b. a decrease in the supply of yogurt c. an increase...
Government transfer payments act as automatic stabilizers because as labor income decreases, transfer payments a. decrease...
Government transfer payments act as automatic stabilizers because as labor income decreases, transfer payments a. decrease as well. b. increase. c. to the government increase. d. remain constant. For liberals, the United States has a(n) a. public sector that is too small. b. private sector that is too small. c. public sector that is too large. d. economy that is too heavily regulated. Ronald Reagan's presidency could be characterized as a period of a. passive monetary policy. b. active regulatory...
4 pts Question 13 If bond demand increases, yields will increase. remain constant. decrease. It depends......
4 pts Question 13 If bond demand increases, yields will increase. remain constant. decrease. It depends... None of the above.
4 pts Question 13 If bond demand increases, yields will increase. remain constant. decrease. It depends... None of the above.
If the price level increases, real wages will: fluctuate randomly. remain constant. decrease. increase.
If the price level increases, real wages will: fluctuate randomly. remain constant. decrease. increase.
When government spending increases and taxes are increased by an equal amount, interest rates: A. Increase B. decrease C....
When government spending increases and taxes are increased by an equal amount, interest rates: A. Increase B. decrease C. remain the same. D. can vary wildly. Reset Selection
29) As output increases, average fixed costs A) decrease. B) increase. C) remain constant. D) initially...
29) As output increases, average fixed costs A) decrease. B) increase. C) remain constant. D) initially decrease and then increase. Output (pizzas per hour) Total cost (dollars) WN- 30) Paulette owns a pizza parlor. Her total cost schedule is in the above table. Her total fixed cost is equal to A) $35. B) $20. C) $79. D) $85. 31) If 9 workers can produce 1,550 units of output and 10 workers can produce 1.700 units of output, then the marginal...
2) A decrease in the real wage A) unambiguously increases consumption and increases labour supply. B)...
2) A decrease in the real wage A) unambiguously increases consumption and increases labour supply. B) increases consumption and has an ambiguous effect on labour supply. C) has an ambiguous effect on consumption and increases labour supply. D) has an ambiguous effect on both consumption and labour supply. E) decreases consumption and has an ambiguous effect on labour supply. 3) If labour supply curve is downward sloping, then A) There is no substitution effect B) Substitution effect is exactly equal...
Assume that pink salmon is a normal good and consumers' income increases You accurately predict that in the mar...
Assume that pink salmon is a normal good and consumers' income increases You accurately predict that in the market for pink salmon, there will be a. an increase in the demand of pink salmon, an increase in the price and an increase in quantity supplied b. an increase in the quantity supplied of pink salmon, a reduction in the price and an increase in the quantity demanded a n increase in the demand for pink salmon, a reduction in the...
16. Assume that pink salmon is a normal good and consumers' income increases. You accurately predict that in the ma...
16. Assume that pink salmon is a normal good and consumers' income increases. You accurately predict that in the market for pink salmon, there will be: a. an increase in the demand of pink salmon, an increase in the price and an increase in quantity supplied. b. an increase in the quantity supplied of pink salmon, a reduction in the price and an increase in the quantity demanded. c. an increase in the demand for pink salmon, a reduction in...
If the government decreases taxes, disposable income O increases. falls. does not change. This causes total...
If the government decreases taxes, disposable income O increases. falls. does not change. This causes total consumer spending to not change. increase. decrease.
7. If the demand for ramen noodles increases following a decrease in income, then: a. the law of demand does not apply to ramen noodles b. ramen noodles are normal goods c. ramen noodles are inferior goods d. ramen noodles and chicken noodle soup are substitute goods 8. Ceteris paribus, a decrease in the cost of producing yogurt will result in: a. an increase in the supply of yogurt b. a decrease in the supply of yogurt c. an increase...
4 pts Question 13 If bond demand increases, yields will increase. remain constant. decrease. It depends... None of the above.
4 pts Question 13 If bond demand increases, yields will increase. remain constant. decrease. It depends... None of the above.
29) As output increases, average fixed costs A) decrease. B) increase. C) remain constant. D) initially decrease and then increase. Output (pizzas per hour) Total cost (dollars) WN- 30) Paulette owns a pizza parlor. Her total cost schedule is in the above table. Her total fixed cost is equal to A) $35. B) $20. C) $79. D) $85. 31) If 9 workers can produce 1,550 units of output and 10 workers can produce 1.700 units of output, then the marginal...
Assume that pink salmon is a normal good and consumers' income increases You accurately predict that in the market for pink salmon, there will be a. an increase in the demand of pink salmon, an increase in the price and an increase in quantity supplied b. an increase in the quantity supplied of pink salmon, a reduction in the price and an increase in the quantity demanded a n increase in the demand for pink salmon, a reduction in the...
16. Assume that pink salmon is a normal good and consumers' income increases. You accurately predict that in the market for pink salmon, there will be: a. an increase in the demand of pink salmon, an increase in the price and an increase in quantity supplied. b. an increase in the quantity supplied of pink salmon, a reduction in the price and an increase in the quantity demanded. c. an increase in the demand for pink salmon, a reduction in...
If the government decreases taxes, disposable income O increases. falls. does not change. This causes total consumer spending to not change. increase. decrease.
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