2. Which of the following is a possible change in total revenue that occurs if you increase the price of a good with unit elasticity? a) 10% b) 0% c) 1% d) 5% e) -1% 3. Maximus, Eli, and Theodore are all spending their entire budget on candy and movie tickets. Candy costs $1 per bag, and movies cost $1 per ticket. Their current consumption and the marginal utility of that consumption are given in the table below. MUmovies Qcandy MUcandy Theo Maximus Eli 10 30 116 60 5 Which boy is in equilibrium? a) Theo b) Maximus c) Eli d) None po Qmovies 10 5 60 120 2209) furt 2015 brol this bong 29 frank rs. In th 629 -1150 Hliw 21 NeroD 4. Ulterior Votives is a firm in a perfectly competitive market that produces candles. Recently, it increased all of its inputs by 20% and output subsequently increased by 10%. What is this firm experiencing? bitong Dimon a) constant returns to scale b) minimum efficient scale S wont b c) increasing returns to scale d) diseconomies of scale e) decreasing returns to scale zawia

2. Which of the following is a possible change in total revenue that occurs if you increase the price of a good with unit elasticity? a) 10% b) 0% c) 1% d) 5% e) 1% 3. Maximus, Eli, and Theodore are all spending their entire budget on candy and movie tickets. Candy costs \$1 per bag, and movies cost \$1 per ticket. Their current consumption and the marginal utility of that consumption are given in the table below. Which boy is in equilibrium? a) Theo b) Maximus c) Eli d) None 4. Ulterior Votives is a firm in a perfectly competitive market that produces candles. Recently, it increased all of its inputs by 20% and output subsequently increased by 10%. What is this firm experiencing? a) constant returns to scale b) minimum efficient scale c) increasing returns to scale d) diseconomies of scale e) decreasing returns to scale