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test 4

п»їВ В Question 1

0 out of 1 details В

Suppose a strong is collecting €1250 in total revenues as well as the total costs of its variable elements of development are €1000 at its current level of end result. In the growing process, one can forecast that the organization will

Selected Answer:

earn money.

Correct Answer:

always operate.

Question two

1 out of 1 points В

Melissa is trying to choose how to separate her time between her jobs as a night-receptionist in the dormitory, which compensates €9/hr intended for as many hour as she chooses to work, and typing papers for the scholars. She makes €2 for each paper your woman types. Melissa is indifferent between the two tasks, plus the number of newspaper she can type will depend on how a large number of hours the lady types a day, as shown in the desk below:

A second hour keying papers will yield further earnings of _____

Selected Response:


Correct Answer:


Question three or more

zero out of just one points В

The between the cost of a very good and the minor cost of great is called

Selected Response:


Correct Solution:

producer excessive

Query 4

1 out of 1 points В

To increase end result from 33 to sixty six units requires ______ extra employee-hours; to increase output by 66 to 99 devices requires _____ extra employee-hours.

Selected Answer:

1; 2

Correct Response:

1; two

Problem 5

1 away of 1 details В

Suppose a good is collecting €1700 altogether revenues plus the total costs of its variable factors of creation are €1900 at its current level of end result. One can forecast that the company will

Selected Answer:


Correct Answer:


Question 6th

1 out of 1 points В

What is the seller's reservation value when producing 14 devices?

Chosen Answer:


Right Answer:


Problem 7

1 out of 1 factors В

Total customer surplus received by the buyers is

Selected Solution:


Correct Response:


Question almost 8

0 out of just one points В

The Fishpond is well known for catfish. The owner of the pond only allows your five people to seafood per day to prevent over-fishing. The fishing period is 10: 00am to 4: 00pm. Occasionally more than 5 people want to fish on the same day. The next table shows the list of folks that wanted to seafood on May twenty sixth 2009, combined with their respective times of introduction and reservation prices to get fishing that day.

Appearance Time

ReservationPrice (€)


9: 30am


Robin the boy wonder

9: 35am



9: 45am



9: 50am



9: 52am



9: 55am



9: 58am



10: 00am


Suppose, the owner solicits volunteers to postpone fishing that day by offering a cash compensation of €4, so that only 5 persons will continue to wish to seafood. What is the entire economic surplus under the payment policy?

Selected Response:

[None Given]

Accurate Answer:


Query 9

1 out of 1 points В

If a per unit taxes is enforced, the more inelastic demand is usually, the

Selected Response:

smaller the deadweight damage.

Appropriate Answer:

smaller sized the deadweight loss.

Question 10

zero out of 1 points В

Besides in the serious cases of perfectly inelastic or stretchy demand and/or supply curves, the burden of a per product tax imposed on vendors falls

Selected Answer:

equally on consumers and producers.

Correct Answer:

partially in consumers and partially about producers.

Question 14

1 out of just one points В

If a per product tax is definitely imposed, the more elastic the provision curve, the

Picked Answer:

bigger the deadweight loss.

Correct Response:

larger the deadweight loss.

Issue 12

1 away of 1 points В

Economists state, that market segments not only develop goods and services, although also

Selected Answer:

produce these people as...