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Review Test Submission_ Exam #2 – Principles of ..

Review Test Submission_ Exam #2 – Principles of .. -...

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9/28/2014 Review Test Submission: Exam #2 – Principles of ... https://msudenver.blackboard.com/webapps/assessment/review/review.jsp?attempt_id=_1467892_1&course_id=_78293_1&content_id=_1640883_1&outcome_id=… 1/24 Exams/Voice-Over PowerPoint Assignment/Extra-Credit Assignments Review Test Submission: Exam #2 H Review Test Submission: Exam #2 User James Leamon Course Principles of Microeconomics [ECO-2020-011 50730.201450] Test Exam #2 Started 9/28/14 5:33 PM Submitted 9/28/14 6:54 PM Due Date 10/26/14 8:00 AM Status Completed Attempt Score 54 out of 100 points Time Elapsed No data Instructions Per syllabus description, this exam is to be completed in ONE setting before Monday, October 27, 2014 at 8:00 am. You CANNOT exit and return to the exam. You have 180 minutes to complete the exam in one setting (you cannot exit the test and come back once you started). This is 50% more time that when you take a regular exam in class. It is also means that you have on average 3 minutes and 12 seconds to answer each question. You have up to 2 attempts to account for a technical glitch and human error. There are only 2 attempts and no more. There are no make-ups or extensions for exams. Points of clarifications can be asked by email or on discussion board but answers cannot be debated. Points of clarifications to explain why your answer was wrong can also be asked (obviously) after grades for the Exam have been posted NOT between attempts. Results Displayed All Answers, Submitted Answers Question 1 Without taxes, the market price per bag of apples is $5. With a $2 tax per bag of apples, buyers now pay $5.75 per bag. What is the final price per bag of apples received by sellers? Selected Answer: A. $3.75 Answers: A. $3.75 B. $3.00 C. $5.00 D. $7.75 Question 2 Figure: Tax on Sellers My Institution Content Collection Help 2 out of 2 points 2 out of 2 points James Leamon
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9/28/2014 Review Test Submission: Exam #2 – Principles of ... https://msudenver.blackboard.com/webapps/assessment/review/review.jsp?attempt_id=_1467892_1&course_id=_78293_1&content_id=_1640883_1&outcome_id=… 2/24 Reference: Ref 6­1 (Figure: Tax on Sellers) Suppose the imposition of a per-unit tax on sellers shifts the supply curve from S 0 to S 1 . Using the figure, calculate the amount of the tax. Selected Answer: D. $3 Answers: A. $4 B. $1 C. $2 D. $3 Question 3 Figure: Tax on Sellers Reference: Ref 6­1 (Figure: Tax on Sellers) Refer to the figure. Suppose the imposition of a per-unit tax on sellers shifts the supply curve from S 0 to S 1 . The equilibrium quantity sold under the tax is: Selected Answer: C. 12. Answers: A. 16. B. 10. C. 12. D. 4. 1 out of 1 points
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9/28/2014 Review Test Submission: Exam #2 – Principles of ... https://msudenver.blackboard.com/webapps/assessment/review/review.jsp?attempt_id=_1467892_1&course_id=_78293_1&content_id=_1640883_1&outcome_id=… 3/24 Question 4 Figure: Tax on Sellers Reference: Ref 6­1 (Figure: Tax on Sellers) Refer to the figure. Suppose the imposition of a per-unit tax on sellers shifts the supply curve from S 0 to S 1 . With the tax, buyers pay ________ and sellers receive ________.
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