7 (2)(3)(1)Percentage of All Households Percentage of All Households in ThisPersonal Income Classin This Classand All Lower ClassesUnder $10,00066$10,000-$14,999511$15,000-$24,9991223$25,000-$34,99935$35,000-$49,999C$50,000-$74,99972$75,000-$99,99913D$100,000 and over15100Refer to the table. What percentage should be reported in blank C of column 3?Multiple Choice6355111A16B

A running total of frequencies is referred to as cumulative frequency. The frequency of an element…

(2) (3) (1) Percentage of All Households Percentage of All Households in This Personal Income Class and All Lower Classes in This Class 6 6 Under $10,000 $10,000-$14,999 5 11 $15,000-$24,999 12 23 $25,000-$34,999 A 35 $35,000-$49,999 16 с $50,000-$74,999 B 72 $75,000-$99,999 13 D $100,000 and over 15 100 Refer to the table. What percentage should be reported in blank C of column 3? Multiple Choice 6 35 51 11

(2) (3) (1) Percentage of All Households Percentage of All Households in This Personal Income Class and All Lower Classes in This Class 6 6 Under $10,000 $10,000-$14,999 5 11 $15,000-$24,999 12 23 $25,000-$34,999 A 35 $35,000-$49,999 16 с $50,000-$74,999 B 72 $75,000-$99,999 13 D $100,000 and over 15 100 Refer to the table. What percentage should be reported in blank C of column 3? Multiple Choice 6 35 51 11

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 5SCQ: The federal 3mm decides to require that automobile manufacturers install new anti-pollution...

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13. As individuals reach the age of retirement, they become more dependent on services. These services can be provided by both private and public sectors. Identify which services are required and how involved the government should be in providing these services.
1. The federal government provides subsidies to employer-sponsored insurance plans by exempting employer and employee premiums from taxation. true or false 2. All silver plans on the health exchanges must have an actuarial value of what percentage, meaning they must cover that percentage of healthcare costs among enrollees in that plan? A. 60% B. 70% C. 90%
urgent part D E 1.10. The US Federal System is the voting method for passing a bill intolaw. It involves 100 members of the Senate, 435 members of the Houseof Representatives, the vice president, and the president, for a total of537 voters. For a bill to pass, it must have a majority in the House, amajority in the Senate, with the possibility of the vice president breakinga tie, and the signature of the President; or if the president opposes thebill, it must have a 2/3 super-majority in both the House and Senate tooverride the veto. Otherwise the bill is defeated.Think of this as a social choice function where the alternatives areA, to pass the bill, or B, to defeat the bill. Does the US federal systemsatisfy:(a) the anonymity criterion?(b) the neutrality criterion?(c) the monotonicity criterion?(d) the decisiveness criterion?(e) the near decisiveness criterion?
13. Which ones correct
What are the two key characteristics of public goods?
The federal 3mm decides to require that automobile manufacturers install new anti-pollution equipment that costs 2,000 per car. Under what conditions can carmakers pass almost all of this cost along to car buyers? Under what conditions can carmakers pass very little of this cost along to car buyers?
8a) How many units did a company sell at $25.92 if they have 24% of the $24,840,000 industry? (2) 8b) d) TOP Hats Company controls 17% of the $2,000,000 hat market in PEI. If they sold 10,000 hats last month, what was the average selling price of each hat? (2) 8c) If a company has a 17% market share in “some industry” on sales of $1,360,000, what is the value (total sales) of the entire market? (2) 8a) How many units did a company sell at $25.92 if they have 24% of the $24,840,000 industry? (2) 8b) d) TOP Hats Company controls 17% of the $2,000,000 hat market in PEI. If they sold 10,000 hats last month, what was the average selling price of each hat? (2) 8c) If a company has a 17% market share in “some industry” on sales of $1,360,000, what is the value (total sales) of the entire market? (2)
urgent 1.10. The US Federal System is the voting method for passing a bill intolaw. It involves 100 members of the Senate, 435 members of the Houseof Representatives, the vice president, and the president, for a total of537 voters. For a bill to pass, it must have a majority in the House, amajority in the Senate, with the possibility of the vice president breakinga tie, and the signature of the President; or if the president opposes thebill, it must have a 2/3 super-majority in both the House and Senate tooverride the veto. Otherwise the bill is defeated.Think of this as a social choice function where the alternatives areA, to pass the bill, or B, to defeat the bill. Does the US federal systemsatisfy:(a) the anonymity criterion?(b) the neutrality criterion?(c) the monotonicity criterion?(d) the decisiveness criterion?(e) the near decisiveness criterion?
20 The effectiveness and efficiency of the private sector are improved through active collaboration and co-production between public sector organizations and individuals as well as public organizations. Select one: a. False b. True
Table 12-12United States Income Tax Rates for a Single Individual, 2009 and 2010. 2009 Tax Rates Income Ranges 2010 Tax Rates Income Ranges 15% $0 – $28,000 10% $0 – $10,000 28% $28,000 – $70,000 15% $10,000 – $30,000 31% $70,000 – $140,000 27% $30,000 – $60,000 36% $140,000 – $300,000 30% $60,000 – $150,000 40% over $300,000 35% $150,000 – $320,000 38% over $320,000 Refer to Table 12-12. Kurt is a single person whose taxable income is $35,000 a year. What is his marginal tax rate in 2010? Group of answer choices 10% 15% 27% 30%
3 Use the concept of ‘common resource pools’ to explain traffic jams and note one advantage and one disadvantage of imposing a road toll during busy traffic periods.
1. Which best describes the decision criterion for implementing either a private or public project? a) Costs should not exceed benefits. b) A cost-to-benefit ratio should be less than unity. c) Benefits should exceed costs. d) All of the above. e) None of the above. 2. Which of the following does not represent a potential issue when using the contingent valuation method? a) Precise explanation of environmental attribute being valued. b) Possibility of respondents ignoring income constraint and ignoring availability of substitutes of goods being valued. c) Possibility of respondents misstating their willingness to pay. d) Inappropriate for estimating non-use value of resources. 3. The rate at which future money is discounted in a cost-benefit analysis is referred to as the… a) Real rate b) Nominal inflation rate c) Discount rate d) Time preference rate e) Social rate