User Account

All Pages

The price of pineapples decreases ambiguously and the

Assignment Help Microeconomics
Reference no: EM13306295

15)Given the demand-supply situations for pineapples in Q#14 above, which of the following statements is true?

(a)The price of pineapples increases and the quantity decreases unambiguously

(b)The price of pineapples decreases unambiguously and the quantity of pineapples is ambiguous

(c)The price of pineapples decreases ambiguously and the quantity of pineapples is unambiguous

(d)None of the above

(16)A revolutionary technology used in the production of brown rice lowers its cost of production given ceteris paribus. As a result, the market changes to a new equilibrium because of a(an):

(a)An upward movement along the demand curve for brown rice

(b)Rightward shift in the supply curve for brown rice

(c)Rightward shift in the demand curve for brown rice

(d)Shortage of brown rice

(17)Which of the following statements is true?

If the federal government subsidies a national day care service for firms that supply this service given ceteris paribus:

(a)The supply curve for day care service will shift to the right

(b)The demand curve for day care service will shift to the right

(c)The demand curve for day care service will shift to the left

(d)Any of the above


Attachment:- 239634_1_Eco-Questions.docx

Reference no: EM13306295

Questions Cloud

How much more time elapses before the gliders collide again : A target glider, whose mass m2 is 320 g, is at rest on an air track, a distance d = 53 cm from the end of the track. A projectile glider, How much more time elapses before the gliders collide again
What is the role of helper t-cells : Which one of these (if not all) of theses are depleated with the HIV infection and what is the role of Helper T-cells in combating a viral infection?
What is the height above ground level in the afternoon : Natural gas is stored in very large vessels consisting of a floating tank and a liquid seal. The pressure in the tank is constant because the weight of the floating tank is constant. In the morning, the temperature of the natural gas is 300 K.
Determine the change in the entropy of the freezer : A freezer is used to freeze 2.0 L of water completely into ice. The water and the freezer remain at a constant temperature of T = 0 C, Determine the change in the entropy of the freezer
The price of pineapples decreases ambiguously and the : A revolutionary technology used in the production of brown rice lowers its cost of production given ceteris paribus. As a result, the market changes to a new equilibrium because of a(an)
Develop a health organization disaster planning : Develop a Health Organization Disaster Planning
Determine the maximum shear stress in the shaft : A solid steel shaft with an outside diameter of 65 mm is subjected to a pure torque of 7,000 N-m. The shear modulus of the steel is G=80 GPa. Determine a. 1 The maximum shear stress in the shaft
Find the time required to complete each cycle : A particular engine has a power output of 4.00 kW and an efficiency of 25.0%. Assume the engine expels 7000 J of energy in each cycle. Find the time required to complete each cycle
Find the energy transferred to or from it by heat : A thermodynamic system undergoes a process in which its internal energy increases by 480 J. find the energy transferred to or from it by heat

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the new equilibrium quantity and price

What is the new equilibrium price and what is the new equilibrium quantity, how many bags were oranges being overproduced before?

  How a nation can accelerate its economic growth

which would be least likely to cause the production possibilities curve to shift to the right a. an increase in the labor force b. improved methods of production c. an increase in the eduction and training of the labor force d. a decrease in unemploy..

  What will happen to budget constraint if income increases

Suppose the price of housing stays at 2 and the price of food stays at 10. What will happen to her budget constraint if her income increase to 100? What happens to her budget constraint when her income decreases to $20.

  Important aspect of monopolistic competition and oligopoly

Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car deal..

  What is the individuals optimal consumption

Consider an economy composed of identical individuals who live for two periods. These individuals have preferences over consumption in period 1 and 2 given by U = (c1)0.5 × (c2)0.5. They receive an income of 100 in period 1 (young) and 20 in perio..

  Negative criticism arising out of unfair competition

How might a Wal-Mart representative respond to the negative criticism that might arise as the result of sighting the new facility in a community ranging from traffic congestion to anti-union sentiment to unfair competition.

  Why is relevant to debate over whether something should done

As Malcolm Gladwell points out in his article "High Prices," increases in drug spending are more the result of increases in drug utilization then in increases in drug prices. Why is this relevant to the debate over whether something should be done..

  Marginal cost curve lies above the average cost curve

If the marginal cost curve lies above the average cost curve, then the average cost curve must be sloping upward and the short-run cost function is always greater than the long-run cost function

  In the long run expect the number of firms

uppose that some firms in a competitive industry are earning zero economic profits, while others are experiencing losses. In the long run, we would expect the number of firms in the industry to.

  Proposals on total surplus including social cost and benefit

Describe the likely impact of each of these three proposals on total surplus including social cost and benefit and Which of these proposals is most consistent with the Coase approach to externalities

  Should warren implement his idea or not

Suppose that Jeffs friend Warren has an idea for product improvement at his firm but he is concerned that the idea may already be patented. If indeed the improvement is already patented, the firm holding the patent may sue Warren for infringing th..

  Economic analysis of events

Levi Strauss successfully markets Levi jeans on the History channel as a way for older men to stay young forever. What will happen in the jeans market ceteris paribus?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd