Clicker Class 9

Clicker Class 9 - Econ 101 Class 9 Questions 1. Which is...

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Econ 101 Class 9 Questions 1. Which is correct? The supply schedule for pizza is upward sloping because… A. As price rises, pizzeria owners hire more labor to supply pizza. B. As price rises, business people open new pizzerias. C. To increase pizza quantity, pizza makers must be induced to bear higher costs. D. All of the above. ** 2. In a “perfectly competitive” market… A. Suppliers conduct ad campaigns to increase the demand for their product. B. Suppliers create “preferred customer” accounts to induce buyer loyalty. C. Suppliers offer quantity discounts to buyers to induce them to purchase more. D. Suppliers post a price and stick with it provided that market conditions are unchanged. ** 3. What is Harry’s producer surplus if the price he receives for recycling a can is 2 cents? Hours Cans Recycled Reservation Price 1 600 0.01 2 1000 0.015 3 1300 0.02 4 1500 0.03 5 1600 0.06 A. $8.00 ** B. $21.00 C. $45.00 D. $92.00 4. At UNC, parking supply and parking permit fees are regulated. In 2004, UNC and Chapel Hill
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Clicker Class 9 - Econ 101 Class 9 Questions 1. Which is...

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