CLicker Questions March 8 _ 10

CLicker Questions March 8 _ 10 - S D x p S D x p S D x p S...

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Lecture 13: Elasticities, Price-Distorting Econ 100A Prof. Reynolds
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At a price of $12, consumers demand 320 video games. When the price drops to $6, consumers demand 400 video games. This demand schedule has the same elasticity at a price of $9 as which demand curve below? a. x=2p -1/2 +1/3 b. x=27-(1/9)p c. x=3p -1/3 + 2 d. x=9p 2 e. None of the above
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What is the area of the deadweight loss? A. B + D D. F B. D + E E. L+M+N+O+P C. C + E + B + D Price floor p* x* x f D S A B C D E F G
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Lecture 14: Econ 100A Prof. Reynolds
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In which graph do producers pay the most tax? S D x p S D x p S D x p S D x p A B C D
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In which graph is there no deadweight loss from taxation?
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Unformatted text preview: S D x p S D x p S D x p S D x p A B C D Both Mother Theresa and Uncle Scrooge have a utility function equal to their income, but Mother Teresa does not gain additional utility from income greater than $100 while Uncle Scrooge has utility from income only if it is greater than $100,000. Which of the following allocations are Pareto Optimal? A.Mother Theresa has $1 and Uncle Scrooge has $1. B. Mother Theresa has $100,000 and Uncle Scrooge has $100,000. C. Mother Theresa has $1 and Uncle Scrooge has $100,001. D.Mother Theresa has $100,099 and Uncle Scrooge has $0. E. Both C & D...
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This note was uploaded on 09/11/2011 for the course ECON 100A taught by Professor Woroch during the Spring '08 term at Berkeley.

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CLicker Questions March 8 _ 10 - S D x p S D x p S D x p S...

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