1.

Cell Phones Price Quantity Which of the following could explain the change illustrated in the graph? 0 The price of cell phones increases. 0 The income of all consumers decreases. O The cost of producing cell phones decreases. O The quantity demanded of cell phones increases. 0 The number of cell phone consumers increases. Benjamin is an avid moviegoer and has $50 that he plans to spend entirely on attending movies. The cost of a movie at the local theater is $10. The table below shows the total utility he enjoys based on the quantity of movies he sees. Movies Total Utility (utils) L 4 2 3 13 4 15 5 16 How many movies maximize Benjamin's utility per dollar spent? (1 point) O 1 O 2 O 3 O 4 O 5Use the graph to answer the question that follows. (1 point) S Price ($) S 3.5 3 2 360 540 Quantity What is the amount of tax revenue collected in this market? O $270 $720 $1,080 O $1,800 $1,890Use the graph to answer the question that follows. (1 point) Demand for Product Z 12 4, 10 10 8,8 Price (Dollars) 6 16,6 4 24,4 30. 2 10 15 20 25 30 35 Quantity (Pounds) What is the price elasticity of demand going from 24 units to 30 units of Product Z? O o.1 0.5 O 2 3 O 50 $3, 40 0 $12, 40 0 $12, 50 0 $14, 40 Use the graph to answer the question that follows. (1 point} $22 $18 $16 \\\\ SM 512 Price $10 [0 '20 30 40 50 60 TU 30 90 [W Assume this firm cannot price discriminate. 1What is the profit maximizing price and quantity? 0 indeterminate; Indeterminate