This quiz: 24 point(s) = Quiz: Quiz 2 (Micro Chs 3-4) Question 1 of 24 > possible This question: 1 Submit quiz point(s) possible Question list K Amber bakes muffins and cookies to sell at the market. If she bakes more muffins and fewer cookies, her A. marginal cost of baking cookies increases. OB. marginal cost of baking muffins decreases. Question 1 O C. sunk costs decrease. D. marginal cost of baking cookies decreases. Question 2 Question 3 Question 4 O Question 5 Question 6 Question 7 Time Remaining: 00:33:57 Next O HQLOHCBOanuchaogu 10/20/22 12:12 PM Quiz: Quiz 2 (Micro Chs 3-4) This quiz: 24 point(s) possible This question: 1 point(s) possible Submit quiz Question list K Santiago's Stationary Services can produce cards and tablets. The daily production possibilities for the two products are shown below. Santiago's Production Possibilities Question 1 Santiago's Stationary Services Production Possibilities (daily) 120 Combination Cards Tablets A 150 0 Question 2 140 10 190 120 20 ards 90 30 50 40 tte 50 Question 3 50 If a card sells for $1, Steffie's Stationary Services will need a price per tablet of $ | in order to produce 20 tablets. Question 4 10 20 30 40 50 Tablets Question 5 Question 6 Question 7 Time Remaining: 00:33:50 Nextsamuel ahuchaogu 10/20/22 12:12 PM (? This quiz: 24 point(s) CS Quiz: Quiz 2 (Micro Chs 3-4) possible This question: 1 point(s) possible Submit quiz Question list if buyers expect the price of gasoline will be higher in the future, the price of gasoline today and the quantity supplied today Question 1 A. falls; decreases O B. rises, decreases Question 2 C. rises, increases D. falls; increases ttempts Question 3 O E. falls; is unaffected 3 of co Question 4 1 of 1 Question 5 Question 6 of 1 incompl Question 7 Time Remaining: 00:33:43 Next ENG N USsamuel ahuchaogu 10/20/22 12:12 PM Sign E Quiz: Quiz 2 (Micro Chs 3-4) This quiz: 24 point(s) C. coordinate the wishes of government regulators. D. coordinate the smart choices of consumers and businesses Question 3 attempts Question 4 3 of 09 Question 5 1 of 1 Question 6 Question 7 1 of 1 incomplete Question Question 4.3.1 Next https://xlitemprod.pearsoncmg.com/Player/Player.aspx?cul... ENG N USF22 ECON 1000 Metacourse samuel ahuchaogu 10/20/22 12:12 PM ? el Sign Ou nics This quiz: 24 point(s) Quiz: Quiz 2 (Micro Chs 3-4) Question 9 of 24 possible This question: 1 point(s) possible Submit quiz Question list Figure 4.5.3 K Price (dollars per unit) Question 4 A B Question 5 Attempts Question 6 3 of Do O Question 7 O A. BCF. OB. ACG 1 of 1 Question 8 O C. DCE. OD. ACH. Question 9 O E. HCG 1 of 1 Incomplete Question 10 Next ENG O N O USsamuel ahuchaogu 10/20/22 12:12 PM (@ This quiz: 24 point(s) mics = Quiz: Quiz 2 (Micro Chs 3-4) Question 10 of 24 possible This question: 1 point(s) possible Submit quiz Question list K A decrease in the number of pizza producers or an increase in the cost of mozzarella cheese used to make pizza will O A. decrease the price of pizza. Question 6 O B. decrease supply of pizza. O C. increase demand for pizza. D. increase supply of pizza. Question 7 attempts Question 8 3 of Question 9 1 of Question 10 Question 3.4.3 Question 11 1 of incompl Question 12 nilnation 12 Time Remaining: 00:33:24 Next https://xlitemprod.pearsoncmg.com/Player/Player.aspx?cul... EN O USsamuel ahuchaogu 10/20/22 12:13 PM el Sign ICS = Quiz: Quiz 2 (Micro Chs 3-4) This quiz: 24 point(s) Question 11 of 24 possible This question: 1 point(s) possible Submit quiz Question list K Popeye's Parlour supplied both piercing and tattoo services. Higher prices for piercings cause Popeye's Question 8 O A. supply of tattoos to increase B. quantity supplied of tattoos to increase C. quantity supplied of tattoos to decrease. Question 9 O D. supply of tattoos to decrease ttempts Question 10 3 of co Question 11 1 of 1 Question 12 Question 13 1 of 1 incomplete Question 14 Time Remaining: 00:33:20 Next ENG G O . US"I iX'I' i" ,. "WW1\" ' MM is iiil I1 ~ ' Wt '12; ii QStiOn list m ' 5? i Market Demand and Supply for 3\" Best ellin Books 7'- 0 Question 9 ' _' 0 Question 10 ' 11 ; Consider the Information provided in the above table and graph on the right for the market for best 7 selling books. ' Supppose the price per book is $25. In this case there will _ be i i V . This creates pressure for the ' ' \"price to .4 0 Question 11 i Q Question 12 {'3 ' 0 Question 13 7 ,Question 14 10/20/22 12:13 PM mics This quiz: 24 point(s) = Quiz: Quiz 2 (Micro Chs 3-4) Question 13 of 24 > possible This question: 1 point(s) possible Submit quiz Question list K Producer surplus is the area Question 10 A. above the marginal cost curve. () B. under the marginal benefit curve but above the market price. Question 11 O C. under the marginal benefit curve. D. under the marginal benefit curve but above the marginal cost curve. ittemp O Question 12 O E. below the market price but above the marginal cost curve. 3 of Question 13 4.5-5 Question 14 Question 15 10 incom Question 16 Time Remaining: 00:33:13 Next https://xlitemprod.pearsoncmg.com/Player/Player.aspx?cul.. O OQuestion list 0 Question 11 07 Question 12 0 Question 13 '0 Question 1 l' Consider lhe gure at right showing the supply and 3 demand for a product. ' Use the triangle tool to draw and label the consumer Surplus. Note: If you are not prompted for a label, you have used the wrong tool. 1015 2025' W tacourse samuel ahuchaogu 10/20/22 12:13 PM This quiz: 24 point(s) nomics E Quiz: Quiz 2 (Micro Chs 3-4)