Part 1 of 1 -
100.0/ 100.0 Points
Question 1 of 20
5.0/ 5.0 Points
If the price elasticity of demand is 2, this means that a _ increase in price causes a
_ decrease in quantity demanded.
A. 15%; 100%
B. 15%; 10%
C. 20%; 40%
D. 30%; 20%
Question 2 of 20
5.
C13 Microeconomics
Assignment Number 04
PART A
For most four-year traditional universities (both private and public), the tuition the student is
charged is not the same as the equilibrium tuition. For example, the equilibrium tuition at a
private universi
Haley Robertson
AC1505889
Microeconomics C13.v.4.1.1.
March 4, 2016
Part A
Imagine that it is the year 2199. Technology has progressed at an incredible pace. The latest
discovery is the plutonium engine, which is capable of converting plutonium, a by-prod
Part 1 of 1 -
95.0/ 100.0 Points
Question 1 of 20
5.0/ 5.0 Points
Steven lives in a big city where there is a shortage of parking. He has a parking spot in his driveway
where he parks his car. Which of the following statements is most correct?
A. Steven h
Part A
Politicians are often heard saying that tuition at state universities should be kept low "to make
education equally accessible to all residents of the state, regardless of income."
1
Assuming that state funding for the universities is held constant
Marylou Prado
AC1304624
C13 Microeconomics
Assignment 8
3/22/2016
Part A
Imagine that it is the year 2199. Technology has progressed at an incredible pace. The latest
discovery is the plutonium engine, which is capable of converting plutonium, a by-produc
Part 2 of 2 - Lesson 7 Questions
Question 21 of 40
35.0/ 50.0 Points
2.5/ 2.5 Points
Which of the following is a main factor that explains the differences in the incomes of U.S.
households?
A. inheritances
B. luck and misfortune
C. discrimination
D. all o
Marylou Prado
AC1304624
C13 Microeconomics
Assignment 4
3/14/2016
Part A
Politicians are often heard saying that tuition at state universities should be kept low "to make
education equally accessible to all residents of the state, regardless of income."
1
Part 1 of 1 -
Question 1 of 20
Normative economics _ .
100.0/ 100.0 Points
5.0/ 5.0 Points
A. is the focus of most modern economic reasoning
B. answers the question "What ought to be?"
C. predicts the consequences of alternative actions
D. answers the que
Part 1 of 1 -
85.0/ 100.0 Points
5.0/ 5.0 Points
Question 1 of 20
Assume that linen pants are a normal good and consumer income rises. If the supply of linen pants remains
constant, producer surplus _ .
A. will decrease
B. will increase
C. will remain con
ECONOMIC FXPERIME NT
)
GOVERNr /ILNT lN1tr\ENi ION
Recall the market equilibrium experiment from Chapter 4.
We can modify that experiment to show the various forms
of government intervention in the market. After several
trading periods without any governm
Part 1 of 1 -
90.0/ 100.0 Points
5.0/ 5.0 Points
Question 1 of 20
Assume that production costs rise and demand remains constant. The equilibrium price will _ and
the producer surplus will _ .
A. increase; increase
B. increase; decrease
C. decrease; decrea
Part 1 of 1 Question 1 of 20
85.0/ 100.0 Points
5.0/ 5.0 Points
If the equilibrium price of gasoline is $2.75 per gallon and the government will not allow oil
companies to charge more than $2.00 per gallon, which of the following will happen?
A. Demand mu
Part 1 of 2 - Lesson 4 Questions
42.5/ 50.0 Points
2.5/ 2.5 Points
Question 1 of 40
Sirens located around a town to warn citizens of the approach of a tornado are an example of _ .
A. an external cost
B. a private good
C. a common resource
D. a public goo
Online Exam 8_11
Online Exam 8_11
Part 1 of 1 -
85.0/ 100.0 Points
5.0/ 5.0 Points
Question 1 of 20
Suppose the nation of Arcadia produces only two goods, teapots and surfboards. If Arcadia produces only teapots, it can
make 40 per day. If Arcadia produce
Part 1 of 1 Question 1 of 20
95.0/ 100.0 Points
5.0/ 5.0 Points
Which of the following situations will arise in the domestic market following the removal of an import
quota?
A. imports increase, domestic production increases, prices increase
B. imports in
Part 1 of 1 -
Question 1 of 20
The saying that "There's no such thing as a free lunch" refers to the _ .
100.0/ 100.0 Points
5.0/ 5.0 Points
A. marginal principle
B. spillover principle
C. principle of opportunity cost
D. reality principle
Question 2 of 2
Part 2 of 2 - Lesson 5 Questions
Question 21 of 40
42.5/ 50.0 Points
2.5/ 2.5 Points
Mario has a company that produces plastic freezer bags. His company objective is to maximize
_ .
A. his company's revenues
B. his company's total out-of-pocket costs
C. h
Part 1 of 2 - Lesson 6 Questions
Question 1 of 40
Which of the following is a characteristic of a perfectly competitive market?
45.0/ 50.0 Points
2.5/ 2.5 Points
A. a large number of firms in a market
B. selling a standardized product
C. no barriers to en
Part 1 of 2 - Lesson 6 Questions
Question 1 of 40
47.5/ 50.0 Points
2.5/ 2.5 Points
Which of the following is NOT a barrier to entry for monopoly?
A. a patent
B. government licensing
C. large economies of scale
D. a large number of existing firms in a mar
Part 1 of 2 - Lesson 4 Questions
32.5/ 50.0 Points
Question 1 of 40
Reductions in pollution from a specific starting level of existing pollution is called _ .
2.5/ 2.5 Points
A. abatement
B. the EPA
C. command and control
D. usage tax
Question 2 of 40
Pub
Part 1 of 2 - Lesson 6 Questions
30.0/ 50.0 Points
0.0/ 2.5 Points
Question 1 of 40
When a few firms sell similar products in a market, the market structure is most likely to be _ .
A. a perfectly competitive market
B. a monopoly
C. a monopolistically com
Part 1 of 1 -
85.0/ 100.0 Points
5.0/ 5.0 Points
Question 1 of 20
Which of the following situations will arise in the domestic market following the imposition of an import ban?
A. imports increase, domestic production increases, prices increase
B. imports
Part 1 of 1 -
Question 1 of 20
A ban on imported avocados would result in _ .
65.0/ 100.0 Points
0.0/ 5.0 Points
A. an increase in total surplus because domestic production will increase
B. no change in total surplus because the reduction in consumer surp
1
AC1507501
Microeconomics C13
C13 Assignment 8
July 31, 2016
Abstract
The purpose of the assignment is to discuss the economic outcome of this single-price
monopoly in terms of profit. As well as, the way that the Futures Unlimited Corporation makes
outp
AC1507501
Microeconomics C13
C13 Assignment 4
July 3, 2016
Abstract
The purpose of the assignment is to discuss the matters related to how politicians are
often heard saying that tuition at state universities should be kept low "to make education equally
Tina Swanson
AC1506551
C13.V.4.1 Microeconomics
Assignment 08
11/016/2016
The Futures Unlimited Corporation has invented the engine of the rocket car. As an
inventor, it is currently enjoying an exclusive patent of the service. Only this firm has the
excl
Part 1 of 2 - Lesson 6 Questions
50.0/ 50.0 Points
Question 1 of 40
2.5/ 2.5 Points
When a second firm enters a monopolist's market _ .
A. market price will rise
B. the quantity produced by the first firm will increase
C. the first firm's profits will dec
Part 1 of 1 -
100.0/ 100.0 Points
Question 1 of 20
5.0/ 5.0 Points
You rent a DVD of The Dark Knight Rises. The rental is for seven days and you watch the movie
on the first day. You tell a friend about the film and your friend asks to come over and watch
Part 1 of 2 - Lesson 4 Questions
Question 1 of 40
2.5/ 2.5 Points
Which of the following would be typically classified as a public good?
A. postal delivery
B. national defense
C. toll roads
D. college education
Question 2 of 40
2.5/ 2.5 Points
An externa
Part 1 of 1 -
100.0/ 100.0 Points
Question 1 of 20
5.0/ 5.0 Points
Which of the following situations will arise in the domestic market following the imposition of
an import quota?
A. imports increase, domestic production decreases, prices decrease
B. impo
Part 1 of 1 -
95.0/ 100.0 Points
Question 1 of 20
5.0/ 5.0 Points
Assume that production costs rise and demand remains constant. The equilibrium price will
_ and the producer surplus will _ .
A. increase; increase
B. increase; decrease
C. decrease; decrea
