Answer
Looking at the utility curve,the 250 utility intersetc the $75 income.
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please help 0/0.27 pts Incorrect Question 15 Figure 5.2 Utility 300 250 240 200 100 25...
please help get correct answer Incorrect Question 13 0/0.27 pts A risk-averse individual prefers the expected utility of income of a risky gamble to the utility of expected income of the same risky gamble outcomes with highly divergent probabilities so that one of the outcomes is almost certain outcomes with 50-50 odds to those with more divergent probabilities, no matter what the dollar outcomes. . outcomes with higher probabilities assigned to more favorable outcomes, no matter what the outcomes are....
The market for airplane tickets $400 350 300 250 200 150 100 OL 0 25 50 75 100 125 (a) (2 pts) Find marginal buyers WTP at Q = 25. In the market without tax, compute his or her CS? (b) (4 pts) Compute CS, PS, and total surplus without a tax. (c) (4 pts) If $100 tax per ticket, compute CS, PS, tax revenue, total surplus, and DWL. (d) (4 pts) For the market without tax and the market...
Question 17 Figure GW Baseballs 200 150 T- 100 50 0. 100 200 300 400 Bananas What is the opportunity cost of moving from point A to point C? 50 baseballs 100 baseballs e 100 bananas bananas
Price (dollars per shire) 0 50 100 200 250 300 150 9. The above figure shows the market for same day t-shirts. If there is a surplus of 125 t-shirts, then A) supply will shift to the right and equilibrium will be attained B) the price of t-shirts will eventually rise C) the price of t-shirts is S11 dollars. D) the price of t-shirts is S8 dollars. E) none of the above DOLL Priser 5 6
den P= -2at1(o r 20+20 Figure 2 TPrice 300 S 4a-140 215 250+ 10x35 225 200 175 CS- WIPzP 150 125 100 75 50 25 + D' Deaxtity 25 50 75 100 125 150 175 200 4. If the supply curve is S, the demand curve is D, and the equilibrium price is $100, what is the producer surplus? 15 point] 5. If the supply curve is S', the demand curve is D, and the equilibrium price is $150, what...
2. (10%) In this question, you'll draw graphs similar to that of Figure 5.2 from the textbook. Feel free to use the attached grid paper at the end of the problem set. When graphing, make sure you are showing the correct budget constraints and ordered pairs, don't just draw random lines. An individual consumes two goods, clothing and food. The information below shows how this individual changes his consumption bundle as income changes, ceteris paribus. a. Illustrate each of the...
Question 7 (12 marks) 500 A 400 E 300 B 200 100 0 MAM.J JA S.O ND J F -100 C -200 month Figure 1. Carbon exchange rates from a northern hemisphere cold temperate deciduous forest ecosystem. Which of the lines A, B and C indicate Gross Primary Productivity; Net Primary Productivity; a. and Respiration (of heterotrophs consuming live or dead plant material)? b. Provide an estimate of the annual Net Ecosystem Production of this forest. Draw a similar graph...
For Questions 22-23, Exa population interaction experiment between two al mine the Figure Below. It shows the results of an interspecific 300 250 š 200 150 100 50 0 Euglena in Mix --Closterium in Mix 士Euglena Alone -*-Closterium Alone 1 2 3 45 67 8 Days 22) The preceding figure is consistent with which ecological interaction? A) Competition: Closterium excludes Euglena B) Competition: Euglena excludes Closterium. C) Both species compete, but coexist. D) Euglena seems to exhibit a commensal interaction...
Please answer ALL parts of this one question. No need to show work as long as the answer is CORRECT. Thank you. Given: Suppose the initial price of good 1 is $2 and the initial price of good 2 is $4 and initial income is $100. A consumer maximizes utility selecting an initial consumption bundle (pt R) and a new consumption bundle (pt S) given a change in an exogenous variable. 80 Baseline Budget: B New Budget:B 70- 60 50...
please help with no 3,4,5 and 6 Thanks 1. What is standard error? Measure of statistical accuracy of an estimate, equal to the standard deviation of the theorental distribution of a large populanon of such estimates 2. What calculation is used to describe the variation in measurements. 3. In experiment 3.2. You will be measuring out 40ml of volume. How many times will you measure 40 ml? 4. What is the difference for each time you measure out 40ml? In...