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- Don't given AI answers Economists say that a market where goods are not consumed by those valuing the goods most highly is O laissez-faire.. unequal. O inefficient. O rational.In the figure to the right, Tupak's consumer surplus is $ 6 compared to Thurl's consumer surplus which is $ 3. Will Fivola demand lawn care at this price of $13? No How many lawns will be cut at this price of $13?The price of the commodity is P4/unit. Complete the table below Note: The table has already been answered and the three sub-parts. ONLY NO. 4 AND 5 HAVE LEFT UNANSWERED Q Demand Supply TR TFC TVC TC AVC AFC AC MR MC Profit 0 100 0 0 100 0 100 -100 10 90 10 40 100 40 140 4 10 14 4 4 -100 20 80 20 80 100 55 155 2.75 5 7.75 4 1.5 -75 30 70 30 120 100 67 167 2.23 3.33 5.567 4 1.2 -47 40 60 40 160 100 77 177 1.925 2.5 4.425 4 1 -17 50 50 50 200 100 86 186 1.72 2 3.72 4 0.9 14 60 40 60 240 100 93 193 1.55 1.67 3.216667 4 0.7 47 70 30 70 280 100 113 213 1.61 1.42 3.04 4 2 67 80 20 80 320 100 143 243 1.7875 1.25 3.0375 4 3 77 90 10 90 360 100 183 283 2.03 1.11 3.14 4 4 77 100…
- Suppose Alphonsos town raised the price of bus tickets to 1 per trip (while file price of burgers stayed at 2 and his budget remained 10 per week.) Draw Alphonsos new budget constraint. What happens to file opportunity cost of bus tickets?Use the folowing graph for a competive market to arswer the question below. Aprce noor or 3 v per unit was result in Mueple Choke. thorage of 200 ints wonto of 200 ints No unowe e wast So iners teing radedFor Washburn, what are examples of (a) shiftingthe demand curve to the right to get a higher pricefor a guitar line (movement of the demand curve)and (b) pricing decisions involving moving along ademand curve?
- Please no written by hand solutions The price p and the quantity x ? p=-(1)/(7)x+160,0<=x<=1120 What quantity x maximizes reve.Only typed answer and don't use chat gpt Refer to Figure 4.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, if the market quantity demanded is 5, the price must be A. $3. B. $6. C. $9. D. $12.Raman noodles are an inferior good. If all consumer's incomes decrease, then the ____ curve shifts causing equilibrium price to _____ and equilibrium quantity to _____. Word bank: Demand, increase, decrease, increase, decrease, supply.
- Producers are willing to increase production athigher prices to increase profit.Select one:O a. FalseO b. TrueINT BU BIC CH MU AG RA ations allery ia alytics D Question 11 Figure 3-1 Price 0 O A to B. OB to A. Refer to Figure 3-1. If the product represented is a normal good, a decrease in income would be represented by a movement from O D₁ to D2. B O D2 to D1. D₂ Demand, D₁ QuantityAs discussed in the lecture, if producers limit the supply of a product (like chickens) they are counting on what to dirive prices up? Multiple Cholce Producer-producer nvalty Consumer-consumer rivoiry Producer-consumer mairy None of the abow