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Title: The indifference curve in the above figure : Post by: Lasko on Feb 26, 2018 The indifference curve in the above figure
A) could illustrate a person's preferences for identical computer disks made by two different companies. B) could illustrate a person's preferences for right-handed and left-handed gloves. C) has a marginal rate of substitution that at first decreases and then increases. D) None of the above statements is correct. Ques. 2 List the factors change demand and shift the demand curve. Tell what happens to demand and the demand curve when there is an increase in the factor. What will be an ideal response? Ques. 3 In the market depicted in the above figure, if a single-price monopoly maximizes its profit, which area shows the consumer surplus? A) area GHIL B) area HIJ C) area HJKG D) area NFL Ques. 4 The Social Security tax is a tax that Congress imposes equally on both employers and employees. Does this mean that the burden of this tax is shared equally between firms and workers? Explain. What will be an ideal response? Ques. 5 In the figure above, in order to promote an efficient allocation of resources, the government could impose a tax equal to A) zero. B) 250 per unit. C) 150 per unit. D) 100 per unit. Ques. 6 Joe's Pizza Shop only makes pizza. If each pizza requires five people, each of whom specializes in one task, this method of production is an example of A) economies of scope. B) team production. C) economies of monitoring. D) economies of coordination. Ques. 7 The supply curve for high-skilled labor lies to the A) right of the supply curve for low-skilled labor because more people want a high-skilled job. B) left of the supply curve for low-skilled labor because more people want a high-skilled job. C) left of the supply curve for low-skilled labor because it is costly to acquire skills. D) right of the supply curve for low-skilled labor because fewer high-skilled people are willing to work for a low wage. Ques. 8 If the owner of a local movie theater wanted to increase the theater's total revenue from movie admissions, what should the owner do with ticket prices? What will be an ideal response? Ques. 9 The main policy-making body of the Federal Reserve System is the Federal Open Market committee. Indicate whether the statement is true or false Title: The indifference curve in the above figure : Post by: meganttt on Feb 26, 2018 Content hidden
Title: The indifference curve in the above figure : Post by: Lasko on Feb 26, 2018 Confirmed correct!
Title: The indifference curve in the above figure : Post by: meganttt on Feb 26, 2018 Cool, thanks for replying back
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