Homework Answers
Answer 6. False
reason-It is not possible to consume 75 doghouses as it lies beyond the PPF. So it is unattainable with the present level of resources and technology.
Answer 13. True.
reason- Consumption expenditure is included in GDP and expenditure on education is part of consumption expenditure.
Question 39 0.5 pts Figure 4-19 Ince 20 18 + 16+ 14 + 12 10 8...
Question 39 0.5 pts Figure 4-19 Ince 20 18 + 16+ 14 + 12 10 8 6 4 2 D 10 20 30 40 50 60 70 80 90 any 39. Refer to Figure 4-19. In this market, equilibrium price and quantity, respectively, are 0 a $10 and 30 units. b. $10 and 50 units. O c. $10 and 70 units. O d. $4 and 50 units. Question 32 0.5 pts Scenario 26-2. Assume the following information for an imaginary,...
QUESTION 52 Figure 6-22 Tanie 5 10 15 20 25 30 35 40 45 50 55...
QUESTION 52 Figure 6-22 Tanie 5 10 15 20 25 30 35 40 45 50 55 60 65 70 qani Refer to Figure 6-22. As the figure is drawn, who sends the tax payment to the government? O a. The buyers send the tax payment. O b. The question of who sends the tax payment cannot be determined from the graph. Oc. A portion of the tax payment is sent by the buyers, and the remaining portion is sent by...
Use the Figure for the question(s) below Glamos 45 0, 40 35 30 25 20 15...
Use the Figure for the question(s) below Glamos 45 0, 40 35 30 25 20 15 . 10 45.30 76,30 e45, 20 75.20 0 10 20 30 40 50 60 7o 80 90 100 110 Widgets In the figure above, the opportunity cost of Gizmos is @ a 75 Widgets. O b 100 Widgets с 20 widgets @ d 10 Widgets. U. Cannot be calculated without knowing where the economy is along the pPF
QUESTION 15 Figure 5-5 11 Price - Demand 5 10 15 20 25 30 35 40...
QUESTION 15 Figure 5-5 11 Price - Demand 5 10 15 20 25 30 35 40 45 50 55 Quantity Refer to Figure 5-5. Using the midpoint method, demand is unit elastic between prices of O a. $20 and $40. b.$50 and $70 c. $40 and $60 d. $40 and $50.
Question 1 0.5 pts In-kind wages are not included in GDP. True False Question 2 0.5...
Question 1 0.5 pts In-kind wages are not included in GDP. True False Question 2 0.5 pts If the value of intermediate goods and services are included in GDP, then: GDP would act as a true indicator of economic welfare, it would lead to depreciation GDP would be understated. there would be double-counting. GDP would be able to give an exact estimate of the inventory in an economy.
Figure 8-13 Supply 5 10 15 20 25 Desind 30 35 40 45 50 55 60...
Figure 8-13 Supply 5 10 15 20 25 Desind 30 35 40 45 50 55 60 B Refer to Figure 8-13. Suppose the government places a $5 per-unit tax on this good. The amount of tax revenue collected by the government is $120. $30. $50. $80.
ences Question 4 1 pts rations Figure 6-22 Resources 25 30 35 40 45 50 55...
ences Question 4 1 pts rations Figure 6-22 Resources 25 30 35 40 45 50 55 60 65 70 Refer to Figure 6-22. Buyers pay how much of the tax per unit? DO $1.50 $0.50 $3.00. S5.00.
45 464 Exam 2-Chapter 8- Micro 50) Figure 8-13 (1.67pt 5 10 15 20 25 30...
45 464 Exam 2-Chapter 8- Micro 50) Figure 8-13 (1.67pt 5 10 15 20 25 30 35 40 45 50 55 60 D Refer to Figure 8-13. Suppose the government places a $5 per-unit tax on this good. The loss of producer surplus resulting from this tax is $60. o Type here to search 5 10 15 20 25 30 35 40 45 50 55 60 B Refer to Figure 8-13. Suppose the government places a $5 per-unit tax on...
P $13 $12 $11 $10 $9 $8 10 14 19 25 30 35 TC $15 $25...
P $13 $12 $11 $10 $9 $8 10 14 19 25 30 35 TC $15 $25 $45 $75 $115 $165 Refer to the above table. Given the demand and cost schedules, what is the profit maximizing quantity for this monopolist? OA, 30 OB, 14 OC. 25 O D. 19
3e 10 15 30 25 30 35 40 aati Refer to Figure 6-13. If the government...
3e 10 15 30 25 30 35 40 aati Refer to Figure 6-13. If the government imposes a price floor of $3 on this market, then there will be O a. no surplus. b. a surplus of 10 units. 0 c. a surplus of 20 units. d. a surplus of 15 units Chick Save and Submit to save and submit. Click Save AlLAnswersto saue all onsoers
Question 39 0.5 pts Figure 4-19 Ince 20 18 + 16+ 14 + 12 10 8 6 4 2 D 10 20 30 40 50 60 70 80 90 any 39. Refer to Figure 4-19. In this market, equilibrium price and quantity, respectively, are 0 a $10 and 30 units. b. $10 and 50 units. O c. $10 and 70 units. O d. $4 and 50 units. Question 32 0.5 pts Scenario 26-2. Assume the following information for an imaginary,...
QUESTION 52 Figure 6-22 Tanie 5 10 15 20 25 30 35 40 45 50 55 60 65 70 qani Refer to Figure 6-22. As the figure is drawn, who sends the tax payment to the government? O a. The buyers send the tax payment. O b. The question of who sends the tax payment cannot be determined from the graph. Oc. A portion of the tax payment is sent by the buyers, and the remaining portion is sent by...
Use the Figure for the question(s) below Glamos 45 0, 40 35 30 25 20 15 . 10 45.30 76,30 e45, 20 75.20 0 10 20 30 40 50 60 7o 80 90 100 110 Widgets In the figure above, the opportunity cost of Gizmos is @ a 75 Widgets. O b 100 Widgets с 20 widgets @ d 10 Widgets. U. Cannot be calculated without knowing where the economy is along the pPF
QUESTION 15 Figure 5-5 11 Price - Demand 5 10 15 20 25 30 35 40 45 50 55 Quantity Refer to Figure 5-5. Using the midpoint method, demand is unit elastic between prices of O a. $20 and $40. b.$50 and $70 c. $40 and $60 d. $40 and $50.
Question 1 0.5 pts In-kind wages are not included in GDP. True False Question 2 0.5 pts If the value of intermediate goods and services are included in GDP, then: GDP would act as a true indicator of economic welfare, it would lead to depreciation GDP would be understated. there would be double-counting. GDP would be able to give an exact estimate of the inventory in an economy.
Figure 8-13 Supply 5 10 15 20 25 Desind 30 35 40 45 50 55 60 B Refer to Figure 8-13. Suppose the government places a $5 per-unit tax on this good. The amount of tax revenue collected by the government is $120. $30. $50. $80.
ences Question 4 1 pts rations Figure 6-22 Resources 25 30 35 40 45 50 55 60 65 70 Refer to Figure 6-22. Buyers pay how much of the tax per unit? DO $1.50 $0.50 $3.00. S5.00.
45 464 Exam 2-Chapter 8- Micro 50) Figure 8-13 (1.67pt 5 10 15 20 25 30 35 40 45 50 55 60 D Refer to Figure 8-13. Suppose the government places a $5 per-unit tax on this good. The loss of producer surplus resulting from this tax is $60. o Type here to search 5 10 15 20 25 30 35 40 45 50 55 60 B Refer to Figure 8-13. Suppose the government places a $5 per-unit tax on...
P $13 $12 $11 $10 $9 $8 10 14 19 25 30 35 TC $15 $25 $45 $75 $115 $165 Refer to the above table. Given the demand and cost schedules, what is the profit maximizing quantity for this monopolist? OA, 30 OB, 14 OC. 25 O D. 19
3e 10 15 30 25 30 35 40 aati Refer to Figure 6-13. If the government imposes a price floor of $3 on this market, then there will be O a. no surplus. b. a surplus of 10 units. 0 c. a surplus of 20 units. d. a surplus of 15 units Chick Save and Submit to save and submit. Click Save AlLAnswersto saue all onsoers
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