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I am struggling with this question please help This graph shows the market for cheese sandwiches. A P. S F D Q1 Q* Assume the
I am struggling with this question please help
This graph shows the market for cheese sandwiches. A P. S F D Q1 Q* Assume the government has imposed a quota of Q1 on the market for sandwiches. What areas on the graph represent producer surplus and consumer surplus? Choose 1 answer: A Producer surplus is E; consumer surplus is F. B) Producer surplus is C + D + F; consumer surplus is A+ B+E. Producer surplus is D; consumer surplus is A + B + C. D Producer surplus is C' + D + F; consumer surplus is E. E) Producer surplus is B + C + D; consumer surplus is A.This graph shows a market where a tax has been imposed on the buyers of a good. P + 17- 16 15- S1 14- 13- A 12- 11- 10- E D F Dt A market with a tax on buyers of a good What letters represent the tax burden of sellers? Choose 1 answer: A E B None, since the buyers of a good were taxed D D) B CThis graph shows Christine's marginal utility of yogurt in a week. Utils 12 11- 10- 9- 7 Q MU |Christine's marginal utility for yogurt What is Christine's total utility if she consumes four cartons of yogurt in a week? Total utility = utils Choose 1 answer: (A) 38 B) 42 12 6 (E) 36The average total cost and marginal cost curves for Blammo Enterprises are shown in this gure: cases see 179 4 5 3 ll] 12 Quantity Assume Blammo operates in a perfectlyr competitive industry. If this rm is willing to produce eanractlllr l units. what must be true? Choose 1 answer: if} The price is $179 if};- The rm 'Is making a prot (E) The price is 3&5 '33::- The price is $32 (E:- The rm is making a loss. The cost and revenue curves for a perfectly.' competitive industry,r are shown in this graph: 5 ATC' P5 _________ P4 __________ AVG P3 D: MR P2 P] Q: Q2 Qs Q What is the price in this market and what quantity will this rm produce in the short run? Choose 1 answer: (E) P5? Q2 63' Pa; Q3 (E) P3; this rm will shut clown in the short run it) P1? Q1 (E) P2; this rm will exit the ir'nclustr~,.r This graph illustrates cost and revenue curves fer a rm in a perfectly competitive market. Cost}; MC $111] D = MR I : Me I : aw: I I I $60 - I $50 I I I I I $32 | I I I I I I I I I I I I I I I I can lm 1000 Quantity IWhat Is the cluantit'llr that this rm will produce. and what price will it charge? Choose 1 answer: (3:; Q = li};P = tan (E) Q = 400; P = $32 (E) Q 2 can; P = $50 rig) Q 2 1mm}? 2 31m (E) Q = can; P = $110Step by Step Solution
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