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Question 4 {2 points) The government puts a price ceiling on the price of a large pizza. Do you agree or disagree that consumers will
Question 4 {2 points) The government puts a price ceiling on the price of a large pizza. Do you agree or disagree that consumers will loose from this policy? Explain why. Question 5 {2 points) Explain why you agree or disagree with the following statement: Since lCanada only has approximately 38 million people it is not constrained by scarcity, while India which has approximately 1.4 billion people: is constrained by scarcity. Question 12 {1 point} [nag-Run Average Long-Run Average Cost (5) :1 B Quantity of Steel Produced Which of the following statements is true regarding the graph above? 1\"". As production increases, the amount used of all inputs--including the quantity of .\\-_/. labor and the size of the factorv-increases. F"; The minimum efficient scale is at a production level of zero. '\\__./ 1\"". In region E, there isn't enough space for all the workers required to produce at .\\-_/. this level and they are getting in one another's way. F"; Returns to scale are constant throughout. '\\__./ Question 32 {1 point] AVE Q In the graph above. total cost for this rm if it produces 20 units of output is 300 '\\.__z' 230 O 1000 130
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