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Which of the following factors will most directly affect the price elasticity of supply for cappuccinos? i. An increase in the number of cafes. ii. An increase in the training requirements for baristas. iii. An increase in the supply of tea. iv. An increase in the production of coffee beans. Select one: Q A. All of the above 0 B. i, ii, and iv. 0 C. i. only. 0 D. Both ii. and iii. 0 E. iv only. 0 F. Both ii and iv. 0 G. ii. only. 0 H. iii. only Mario grows tomatoes in his garden, with the following private supply curve for kilos of tomatoes: P = 21.4 + 5.8Q. Every additional kilo of tomatoes requires the use of some smelly cow manure, which increases the value by $9.9 However, the manure required by each additional kilo of tomatoes also causes discomfort for the neighbours, imposing a cost of $9.9 on them. What is the slope of the social supply curve? Answer: l l A small open economy has demand tor goat cheese given by P : 20 0.50 and supply given by P : Q 4. Goat cheese is traded around the world at a price of $4 per tonne. Suppose that the government imposes a quota of 8 tonnes on goat cheese. How will consumer surplus be affected, relative to the free trade scenario? 0 A. Decreased by $142.22 0 B. Increased by $8 0 C. No change 0 D. None of the other answers. (\"N En nnnnnnn ALHGMjTo The Italian Deli "Da Mario" sells lasagna for $22.8 per tray. Mario has to decide how many people to hire and is using the information below to make this decision. Workers per Lasagna Fixed Cost ($/day) Variable Cost day portions per ($/day) day 0 0 600 0 50 600 1200 2 100 600 1950 150 600 3000 4 200 600 4350 5 250 600 6000 How many people should Mario hire per day?Suppose that the market demand and supply for broccoli is given as follows: Demand: Q = 88 - 3.9P Supply: Q = -4 + 2.4P A supply shock caused by recent floods shifts the supply curve to Q = -24 + 2.4P. How much must consumers be subsidised per unit of broccoli purchased so that the quantity transacted on the market returns to the level before the supply shock. O a. $8.33 O b. $6.58 O c. $15.67 O d. $10.17