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can i got help answering for these short questions please the exam will close in 30 min i dont need any explanation all i need
can i got help answering for these short questions please the exam will close in 30 min i dont need any explanation all i need is just the correct answer
@ E1Q1 Homework Unanswered = Due Today, 10:20 AM The demand curve slopes downwards due to the phenomenon of Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Increasing Marginal Costs b Diminishing Marginal Utility Diminishing Marginal Product d SunkCosts @ E1Q2 Homework * Unanswered Due Today, 10:20 AM Matt has 521 to spend on fruit today at the grocery store. The only fruits he likes are apples and oranges. Both cost 33 per pound. Matt's preferences between these fruits are presented in the table below. How many apples and oranges will he buy if he were a utility maximizer? Pounds of Pounds of Marginal Utility | Marginal Utility Apples Oranges from Apples e KOl LTS 1 1 200 100 300 200 380 250 440 280 480 300 o A W N Ul B W N Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Apples=1pound, Oranges=2 pounds b Apples=2 pound, Oranges=>5 pounds Apples=1pound, Oranges=1 pound d Apples=3 pounds, Oranges =3 pounds. @ E1Q3 o Homawork Unanswered Due Today, 10:20 AM The following shows the monthly demand and supply of bread loaves in my neighborhood. Suppose the price of bread increases from 52 to 54. What is the price elasticity of DEMAND? \" Quantity Demanded Quantity Supplied S0 12 0 $2.00 10 10 $4.00 20 $6.00 30 $8.00 50 $10.00 80 $12.00 120 o N0 B O Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a -0.5 b 5 C -2 @ E1Q4 o Homework Unanswered Due Today, 10:20 AM The following shows the monthly demand and supply of bread loaves in my neighborhood. What is the QUANTITY of bread loaves traded AT MARKET EQUILIBRIUM? \" Quantity Demanded Quantity Supplied S0 12 0 $2.00 10 10 $4.00 8 20 $6.00 6 30 $8.00 4 50 $10.00 2 80 S12.00 0 120 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a &loaves b 8loaves 10loaves d 12 loaves @ E1 Q5 o Homework * Unanswered Due Today, 10:20 AM Suppose the demand for Bread increases by 12 units at every price, what is the INCREASE in quantity traded in equilibrium? \" Quantity Demanded Quantity Supplied SO 12 0 $2.00 10 10 $4.00 8 20 $6.00 6 30 $8.00 4 50 $10.00 2 80 $12.00 0 120 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 0 b 12 C 2 E1 Q6 Homework . Unanswered . Due Today, 10:20 AM O Ali bought a ticket to go to a Lady Gaga concert for Saturday evening for which he paid $150. He values the experience at $200. After he had purchased the ticket, his friend offered him a free ticket to see Beyonce perform. His value for a Beyonce concert is $250. Unfortunately, the Beyonce concert timings clash with the Lady Gaga concert so, Ali has to choose between the two. He can resell the Lady Gaga ticket for $110, but he cannot resell the Beyonce ticket. What is Ali's economic cost (opportunity cost) of going to the Lady Gogo concert? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. 3 5360 $200 C $150 5250 Unanswered Submit E1 Q7 Homework . Unanswered . Due Today, 10:20 AM O The rents for apartments in Suburbsville have increased by $100 this year and more apartments have been rented out this year relative to last year. What is the best explanation for this? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a The demand for housing increased while supply stayed the same. b The supply for housing decreased, while demand stayed the same. C The demand for housing decreased while supply stayed the same. d The supply of housing increased, while demand stayed the same.E1Q8 Homework Unanswered * Due Today, L:20 AM The price elasticity of demand for a good is exactly -1 {unit elastic). Which of the following INCREASE as PRICE of the good is INCREASED? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Profits b | Costs Quantity demanded d Revenues Unanswered E10Q9 Homework Unanswered * Due Today, 10:20 AM In 2010, then President Barack Cbama REDUCED the payroll tax by 2 percent in order to provide houssholds with more spendable income. Some conservative legislators were worried that this would REDUCE government REVENUES and add to the fiscal deficit. Under what conditions would the conservatives' PREDICTION be WRONG? (Hint: Treat the payroll tax as o tax on labor supply. So a reduction in payroll tax will mean that labor supply increases or labor supply curve shifts down.) Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a The supply of labor in the US is highly elastic but demand is inelastic. b Either demand or supply of labor in the US is highly inelastic. | Demand for labor in the USis less elastic than supply. d Bothdemand and supply of labor in the US are highly elastic. E1 Q10 Homework . Unanswered . Due Today, 10:20 AM O The following shows the Production Possibility Frontier for an economy between Defense Goods and Healthcare. Which of these allocations are FEASIBLE? Healthcare B A C D Defense Goods Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Allocation A b Allocation B C Allocation C and D d Allocations A, C and Dd Allocations A, C and D Unanswered Submit E1 Q11 Homework . Unanswered . Due Today, 10:20 AM O I have 3 hours to prepare for my Math and Economics exams tomorrow. The table below shows me how hours of preparation affect my scores in these two subjects. To maintain my GPA, I need at least 80 in Economics. Which of the following would be an EFFICIENT ALLOCATION of my time? Hours spent Hours spent Grade in Math Grade in studying Math studying Economics Economics O 30 60 60 80 N 2 80 90 W 3 100 100 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 3 hours of Math and 0 hours of Economics. b 2 hours of Math and 1 hour of Economics. C Both A and B. d Neither A not B. Unanswered Submit0/15 answered E1 Q12 Homework . Unanswered . Due Today, 10:20 AM The figure below shows an economy that produces two goods with its resources and technology - milk and cars. The green curve is the economy's old production possibility frontier (PPF), while the red curve represents its new PPF. Which of the following situations would result in this shift in the PPF? Cars Milk Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a The synthetic production of the Bovine Growth Hormone increased the amount of milk that cows can produce. b The auto industry unionized and this resulted in an increase in labor costs of the auto industry. C There was increase in the number of workers skilled in auto manufacturing. d The economy experienced economic growth as all of its available resources increased.E1 Q13 Homework #* Unanswered * Dues Today, 10:20 AM The table below shows the demand for taxi rides from the city center to the T airport for business travelers and vacation travelers. Currently the taxi fare L pay is 550. What is the consumer surplus? 3 w Business 300 460 Trawalers Vacation 100 $20 Traweler Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 55,000 b 52,000 510,000 d 51,000 Unanswered E1 Q14 o Homewsork Unanswered * Due Today, 10020 AM The currant equilibrium wage for restaurant workers is 518 an hour. There is 2 proposal in the state government to increase the minimurm wage from 512 to 515 an hour. What will the new wage be for restaurant workers in this state? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 512 b 513 c 515 d 518 E10Q15 o Homework * Unanswered * Due Today, 10020 AM I'm thinking of closing rmy restaurant today. If | do, | will still have to pay rent for the space which is 51,000 daily. But if | keep my restaurant open, my average variable costs per customer served will be 5100, What would my TOTAL COST of serving 50 customers be if | kept my restaurant open? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 51,000 b 51,100 c 55,000 d 56,000 UnansweredStep by Step Solution
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