Question 10 (1 point)

Which of the following statements is presented as a normative statement?

Question 10 options:

a	Raising the minimum wage does not cause a change in the employment rate
b	Children with health insurance have better grades in school on average
c	Self-employed workers are more likely to evade taxes than salaried workers
d	All provinces should have the same sales tax rate

Question 11 (1 point)

Potential seller	Cost
McDonald's	$1
Denny's	$2
Five Guys	$4
Burger King	$6
Wendy's	$8

Consider the market for hamburgers. There are 5 potential sellers that want to sell one hamburger each. Their cost for a hamburger is given in the table above. Suppose that the price for one hamburger is $6. What is the total producer surplus?

Question 11 options:

a	10
b	11
c	12
d	9

Question 12 (1 point)

Ryan is willing to pay $10 for a hockey ticket, Jake is willing to pay $20, and Grace is willing to pay $30. If the market price drops from $25 to $15, what is the change in total consumer surplus?

Question 12 options:

a	$15
b	$5
c	$20
d	$10

Question 13(1 point)

Market for Computer Games 18 16 S 14 12 10 Price 6 D 2 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 QuantityMarket for Rollercoaster Rides $7.00 $6.00 $5.00 $4.00 Price (per ride) $3.00 + + $2.00 S $1.00 -D-- $0.00 O 10 20 30 40 50 60 Quantity of Rides