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This are some questions that I need help Question 40 1 points Save An Table: Consumer Equilibrium 1 Units of Marginal utility good X good

This are some questions that I need help

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Question 40 1 points Save An Table: Consumer Equilibrium 1 Units of Marginal utility good X good X 1 20 16 12 UI AWN 8 4 6 0 Reference: Ref 10-4 (Table: Consumer Equilibrium 1) Assume that the price of both goods is $1 per unit, and you consume 3 units of good X and 3 units of good Y. To maximize utility, assuming that the goods are divisible, you would consume: O A. less of both X and Y. O B. more of X and less of Y. C. less of X and more of Y. O D. more of both X and Y.Question 38 1 points Save Answe Normal Form Game: The table below provides a normal form, 2 x 2 game. The players are Column and Row. Column can choose either LEFT or RIGHT, and Row can choose either UP or DOWN. Their payoffs for each combination of moves are provided in the four boxes. Column Row LEFT RIGHT 2 -6 UP| 0 -8 -6 -10 DOWN 10 -10 In the above game, the Column player has a dominant strategy. O A. False O B. TrueQuestion 37 A monopolist faces a downward sloping demand curve, P = 816.0 - 5.5*Q. The maximum total revenue will be A. $816.0 OB. $1632.0 O C. $30,266.18 O D. $1224.0Question 36 Exhibit: Budget Constraint Tom is trying to decide how to allocate his $50 budget for CD purchases and DVD rentals when the price of a CD is $10 and the price of a DVD rental is $5. Reference: Ref 10-2 (Exhibit: Budget Constraint) If we measure CD purchases on the horizontal axis and DVD rentals on the vertical axis, the horizontal intercept of Tom's budget line is: O A. 10. O B. 1/2. O C. 5. O D. 2.Question 35 P 40 80 4-0 If the producer surplus is equal to %, and the consumer surplus is equal to % . then the total surplus in this competitive market must equal _. O A. $1,500 0 B. $3,000 0 C. It cannot be determined with the information provided O D. [P - 2mm Question 34 The reservation price of a buyer is O A. the most that the buyer is willing to pay for a product O B. the lowest price that the buyer can find for the product O C. the price at which both the buyer and seller are unwilling to exchange O D. the price at which a product is reserved for a buyer by the sellerQuestion 33 O A. $300 If the supply curve is given by the equation P = 10 + 40, and the competitive market equilibrium price is $60, then a price-ceiling set at Pmax = $50 will result in a producer surplus of 1 points O B. $400 O C. $200 O D. $500Question 32 If the price in a competitive market is $30. and the demand curve is given by the equation F = 90 - 30. then the consumer surplus will be _. Q A. $1,200 0 a. 5600 O c. 5300 O D. $1.0m Question 28 The area under the demand curve up to unit Q , represents the total _of Q 1 to society. O A. gain O B. surplus O C. benefit O D. costQuestion 26 1 points Save Answer Normal Form Game: The table below provides a normal form, 2 x 2 game. The players are Column and Row. Column can choose either LEFT or RIGHT, and Row can choose either UP or DOWN. Their payoffs for each combination of moves are provided in the four boxes. Column Row LEFT RIGHT -10 6 UP -10 -7 -1 -6 DOWN -8 -1 How many Nash equilibrium are in the above game? O A. 1 O B. 3 OC. 2 O D. None of the aboveQuestion 25 Figure: Consumer Equilibrium III Quantity of placemats Q4 A Q2 -12 FI 0 Q5 06 27 QB Quantity of tamales Reference: Ref 10-18 At point _ the MRS is more (in absolute value) than the price of tamales ( PT) divided by the price of placemats ( P p). OA. A OB. B OCC OD. FQuestion 23 If a consumer is given her choice between any two market baskets on the indifference curve, she will not care which one is given to her. O True O FalseQuestion 18 1 points Save Let there be two goods, X and Y. For individual A, the marginal utility of X is 2 while the marginal utility of Y is 1. If the prices of X and Y were both equal to $10, then individual A could improve his welfare even without an infusion of extra income by consuming: O A. more X even at the expense of consuming less Y. O B. more Y even at the expense of consuming less X. O C. more X only if consumption of Y could be maintained at the original level. O D. less X, but only if consumption of Y could be maintained at the original level. O E. none of the above.Question 17 When MUJ/P = MU 2/P 2, the indifference curve and budget line are necessarily tangent. O True O FalseQuestion 11 For ordinary goods, as we move down an indifference curve: O A. total utility decreases. B. the slope stays the same. O C. the slope gets steeper. O D. the slope gets flatter.Question 10 Figure: Consumer Equilibrium 1 Quantity of good Y (per period) F P M A B C NS R L Quantity of good X (per period) Reference: Ref 11-1 (Figure: Consumer Equilibrium 1) Bundle _has a larger MRS than bundle. OAI; K OB. H; I O D. All of the aboveQuestion 9 Consumer equilibrium on an indifference map is at: O A. any intersection of the budget line and an indifference curve. O B. any point on the budget line. C. that point where the budget line is tangent to an indifference curve. O D. any point on the highest indifference curve shown on the indifference map. O E. any point inside the budget line.Question 8 1 points Save Answe Normal Form Game: The table below provides a normal form, 2 x 2 game. The players are Column and Row. Column can choose either LEFT or RIGHT, and Row can choose either UP or DOWN. Their payoffs for each combination of moves are provided in the four boxes. Column Row LEFT RIGHT 1 -9 UP -5 -6 0 -3 DOWN 4 3 The combination of moves (UP, LEFT) is a Nash-Equilibrium. O A. False O B. TrueQuestion 7 Figure: Computing Monopoly Profit Price, marginal revenue, marginal cost, average K total cost P1 X ATC Demand 0 L Quantity (per period) Reference: Ref 14-1 (Figure: Computing Monopoly Profit) The monopolist will maximize profit by producing _ and charging. O A. at point M; P3 O B. at point H; P2 O C. at point Q; P2 O D. at point L; P1 O E. None of the aboveQuestion 6 1 points Scenario: Monopoly with Linear Demand A monopolist faces a linear demand of the form P=a-bQ =500-200. Their marginal cost ( MC) curve is estimated by the equation MC =50+50. Their cost per unit ( ATC) at their profit- maximizing output ( QM) is $85, while their cost per unit ( ATC) at the competitive market (socially efficient) output ( Qc) is $100.55. Reference: (Scenario: Monopoly with Linear Demand) (Scenario: Monopoly with Linear Demand) When the monopolist charges the monopoly price ( PM), the consumer surplus will be O A. $2,500 O B. $2,000 O C. $800 O D. $500 O E. $1,000

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