Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can i got help answering for these short questions please the exam will close in 15 min i dont need any explanation all i need
can i got help answering for these short questions please the exam will close in 15 min i dont need any explanation all i need is just the correct answer
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 SubmitStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started