Homework Answers
False because the calculation of PIA is based on bend points before and after which the rates are different, e.g., in 2020 the first bend point is $960 before which PIA is 90%, and after which PIA is 32%.
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True False-Ambiguous and Explain Why 9. A person whose AIME is $1600 per month will receive...
True False-Ambiguous and Explain why 8. The equilibrium price of coal is $50 per ton. Coal...
True False-Ambiguous and Explain why 8. The equilibrium price of coal is $50 per ton. Coal generates a negative externality of $30 per ton. Therefore, a tax will reduce the deadweight loss and reduce producer surplus.
True-False-Ambiguous and Explain why 7. The equilibrium price of coal is $50 per ton. Coal generates...
True-False-Ambiguous and Explain why 7. The equilibrium price of coal is $50 per ton. Coal generates a negative externality of $20 per ton, but then the negative externality increases to $40 per ton. Therefore, consumer surplus will increase and the deadweight loss will grow. Draw a graph.
True False-Ambiguous and Explain Why 3. If total fixed costs are $500 per day, labor is...
True False-Ambiguous and Explain Why 3. If total fixed costs are $500 per day, labor is the only variable cost and wages are $100 per worker per day, then the firm with the production data below will shut-down if the price is below $3 per unit. L 0 3 5 6 8 12 Q 0 100 200 300 400 500
True-False-Ambiguous and Explain Why 5. Biggie Inc. is a single-price monopoly. If the cost of its...
True-False-Ambiguous and Explain Why 5. Biggie Inc. is a single-price monopoly. If the cost of its raw materials rises by $2 for each unit produced, then it will increase it price by $2 per unit. Draw a graph.
True False-Ambiguous and Explain why 4. The data demonstrate economies of scale and the law of...
True False-Ambiguous and Explain why 4. The data demonstrate economies of scale and the law of diminishing returns. L Q 0 0 3 100 5 200 6 300 8 400 12 500
Explain briefly why you think the following statement is true, false, or ambiguous. Competitive currencies would...
Explain briefly why you think the following statement is true, false, or ambiguous. Competitive currencies would work automatically to provide consumers with protection against inflation.
True False-Ambiguous and Explain why 2. Carino's, Axe Company operates in a monopolistically competitive market and,...
True False-Ambiguous and Explain why 2. Carino's, Axe Company operates in a monopolistically competitive market and, like most firms in the industry, has been earning an above-normal profit. Therefore, it is likely to increase its price in the future. Draw a graph.
True False-Ambiguous and Explain why 6. Suppose that a single-price monopolist bought up all the firms...
True False-Ambiguous and Explain why 6. Suppose that a single-price monopolist bought up all the firms in a competitive industry and was able to block new firms from entering. In this case, consumer surplus would fall, a deadweight loss would arise, and the firm would earn positive economic profits. Draw a graph.
Is this statement true or false and please explain why: There is a 9 M aqueous...
Is this statement true or false and please explain why: There is a 9 M aqueous HCl solution in the stock room, but a 4.5 M solution is required for an experiment. Doubling the volume of the 9 M sample with water will produce the 4.5 M solution.
7. [9 pointa) True/Fale: If the answer is true, explain why. If the answer is false,...
7. [9 pointa) True/Fale: If the answer is true, explain why. If the answer is false, provide a counterample. (n) If the lim -0, then the series in convergemt. (6) 14 869) = , then , * fle)dx = E 8. 18 points) Find the Taylor series for cos(x) centered at a - written out and using the notation. Show it in both forms of the expanded sum
True False-Ambiguous and Explain why 8. The equilibrium price of coal is $50 per ton. Coal generates a negative externality of $30 per ton. Therefore, a tax will reduce the deadweight loss and reduce producer surplus.
True-False-Ambiguous and Explain why 7. The equilibrium price of coal is $50 per ton. Coal generates a negative externality of $20 per ton, but then the negative externality increases to $40 per ton. Therefore, consumer surplus will increase and the deadweight loss will grow. Draw a graph.
True False-Ambiguous and Explain Why 3. If total fixed costs are $500 per day, labor is the only variable cost and wages are $100 per worker per day, then the firm with the production data below will shut-down if the price is below $3 per unit. L 0 3 5 6 8 12 Q 0 100 200 300 400 500
True-False-Ambiguous and Explain Why 5. Biggie Inc. is a single-price monopoly. If the cost of its raw materials rises by $2 for each unit produced, then it will increase it price by $2 per unit. Draw a graph.
True False-Ambiguous and Explain why 4. The data demonstrate economies of scale and the law of diminishing returns. L Q 0 0 3 100 5 200 6 300 8 400 12 500
True False-Ambiguous and Explain why 2. Carino's, Axe Company operates in a monopolistically competitive market and, like most firms in the industry, has been earning an above-normal profit. Therefore, it is likely to increase its price in the future. Draw a graph.
True False-Ambiguous and Explain why 6. Suppose that a single-price monopolist bought up all the firms in a competitive industry and was able to block new firms from entering. In this case, consumer surplus would fall, a deadweight loss would arise, and the firm would earn positive economic profits. Draw a graph.
7. [9 pointa) True/Fale: If the answer is true, explain why. If the answer is false, provide a counterample. (n) If the lim -0, then the series in convergemt. (6) 14 869) = , then , * fle)dx = E 8. 18 points) Find the Taylor series for cos(x) centered at a - written out and using the notation. Show it in both forms of the expanded sum
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