Help me answer these questions.
ISOL. 20 PIS Poss If marginal benefit is equal to marginal cost, then the O A. sum of producer surplus and consumer surplus is as large as possible, O B. market has squeezed out total surplus so that it equals zero. O C. deadweight loss is more than zero but less than its maximum, O D. producer surplus is equal to the consumer surplus. O'E. sum of producer surplus and consumer surplus equals zero.When the price of a good increased by 2 percent, the quantity demanded of it decreased 10 percent. kpi Does this good have close substitutes or poor substitutes? Is this good more likely to be a necessity or a luxury and to be narrowly or broadly defined? Most likely, this good and O A. is a luxury; has good substitutes O B. is a luxury, has poor substitutes O C. has good substitutes; is a necessity O D. is a necessity; is broadly defined nd up O E. is narrowly defined; is a necessity tratEconomics in the News kpi April 27. 2015 Wage male frupetuper hour) Read the news article, Most Indians pay zero income tax. and then answer the C following questions. 4. Is it fair that most indians pay no income tax? fair that most Indians pay no income tax 120 5 Is it officiant that most Indians pay no income tax? IE officiant that most Indians pay no income tax. trat OB En 3. Graphical Analysis. 200 According to OECD. the morage worker pays zoro Quantity (thousands of labor hours) income lak in India. Most workers only pay income tax whon gam they over 250 000 rup bos por your. 353 Draw only the objects specified in the question. 1: Draw a demand curve for labor in the high income group in India. Label the curve LD. 2. Draw a supply curve of labor in the high-income group India, Label the curve LS,A price floor p O A. does not create a black market if it is set above the equilibrium price. O B. changes the equilibrium price if it is imposed in black markets. O C. changes the price and quantity only if it equals the equilibrium price. O D. changes the price and quantity if it is set above the equilibrium price. O E. changes the price and quantity if it is set below the equilibrium price.Whipsawed by low milk prices, more dairy farmers call it quits From 2000 to 2017, 75 percent of U S. dairy farms with lower than 50 cows disappeared. Yet from 2004 to 2017, xpi Wisconsin's annual total milk production increased overy your and by a total of 50 porcont Some dairy farm Feedback coop-pathos implemented quota spatoms Source: Milwaukee Journal Sentinel, May 16, 2019 Does the nows c'p suppost that the supply of milk increased faster than domand? How would a production quoin holp Wisconsin dairy farmon? Would a producion quola bo efficient? set hial In the competitive milk market, the combination of falling prices and incrongod production moans that O A. demand increased and supply did not change O B. supply and demand increased at the same pace oil. The O C. supply increased faster than domand increased O D. domand increased faster than supply increased Frat A production quota would A production quotn would be O A Increase the supply of milk and the demand for milk; officiant B. have prevented or loosened the full in price; tion of inofficiant O C. avoid the change in supply but not change the fall in price: wortic inoficient Q D. have the same outcome as the competitive market; officiant lis onl
