Which of the following is most likely to be a free good? schools sunlight jeans that are sold at clearance prices a new restaurant giving away free tacos on "Taco Tuesday" as a way to kick-start its business

Which of the following is most likely to be a free good? schools sunlight jeans that are sold at clearance prices a new restaurant giving away free tacos on "Taco Tuesday" as a way to kick-start its business

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 4SQP

See similar textbooks

Related questions

Q: Suppose now that there is a scrappage scheme which fully reimburses the citizen if she buys the new…

A: Now In this scenario, a scrappage scheme is introduced, fully reimbursing the citizen if she buys…

Q: 17. Suppose you can write generic supply and demand curves such that Qs = A+BP₂ quantity is then…

A: 1. Understand the Supply and Demand Curves:Supply Curve (Qs): A + BP represents the quantity…

Q: (Figure: Market 3) Use the graph to answer the question. Marginal social cost Price $6 2325 $5 $4 $3…

A: Externalities occur when there is an indirect impact on a party that is not directly related to the…

Q: Hi, can you help me with part A please?

A: The objective of the question is to determine the utility of player A when she chooses to put in no…

Q: Given the data provided in the table below, what is the total revenue (TR) for production at…

A: Business economics includes making business decisions and allocating resources in the face of…

Q: t capital outflow:

A: Net Capital Outflow (NCO) refers to the internet flow of a rustic capital throughout its borders. It…

Q: Notice that, compared to the previous question where you only shifted lines, the endpoints for line…

A: Compared to a previous question where only line shifts were involved, the endpoints for line AB are…

Q: Why is a strictly economic definition of development inadequate? What do you understand economic…

A: A strictly economic definition of development is considered inadequate because it fails to capture…

Q: Banks do not take steps to increase security since they believe it is less costly to allow some bank…

A: Contents: This step involves understanding the bank's dynamic approach to security assumptions. It…

Q: Problem 4. This is an exercise about properties of expectations and variances, which we will use…

A: The objective of the question is to use the given properties of variances and covariances to derive…

Q: Income path B Borrowing region c) Consumption path D Dissaving region O E Saving region

A: There are three primary phases of life: youth, middle age, and old age. When people are young, they…

Q: 14. A supply and demand puzzle The following graph presents the market for sweaters in 2014. Between…

A: The demand curve represents the relationship between the quantity of a good or service that…

Q: Question: How is this likely to affect economies that are heavily dependent on oil imports? a)…

A: The question is asking about the potential effects on economies that are heavily dependent on oil…

Q: The equation for the velocity of money is defined as: a. MV=PR b. MV=PT c. MV=MV d. MV=PY e.…

A: Money plays a vital role in macroeconomics, acting as a means of trade, a value repository, and a…

Q: 300 For the demand function q = D(x) = - ,find the following. X a) The elasticity b) The elasticity…

A: Elasticity is an important concept in modern economics since it quantifies market reaction. It…

Q: Consider a three-commodity consumer setting with the expenditure function: e(p, u) = up1α p2βp3γ…

A: “Since you have posted a question with multiple sub-parts, we will provide the solution only to the…

Q: K Farmers can raise either goats or ostriches on their land. Which of the following would cause the…

A: Supply:Supply is the total number of goods and services produced by a producer is called supply.…

Q: Harry enjoys tennis but wants a high grade in his economics course. Figure 1 shows Harry's PPF.…

A: The PPF is a graphical representation of the maximum possible combinations of two goods or services…

Q: INFLATION RATE D Curve 1 A F C UNEMPLOYMENT RATE B Curve 2

A: The money supply is the total amount in the form of cash and cash equivalents such as savings…

Q: The demand curve D2 is given below. Express the demand curve as a function in the form QD D₂(P) P↑ =

A: The demand curve represents the relationship between price and quantity demanded. There is an…

Q: 7. Problems and Applications Q7 Congress and the president decide that the United States should…

A: When a tax is imposed on a good or service, it means that the government requires a certain amount…

Q: Economics is the study of all of the following except: a. how the prices of goods and services…

A: Financial issues are an interesting and complex area to understand how the social order uses limited…

Q: A set of cast iron pans are listed for $786.20 less discounts of 36%, 10 % and 2%. What is the…

A: The discount amount is the reduced value subtracted from the original price. It's calculated as a…

Q: The indifference curve below illustrates the trade-off between two goods, pizza and Pepsi. Which of…

A: The objective of the question is to understand the concept of an indifference curve and its…

Q: Suppose that Canada produces two goods: lumber 'y' and fish 'x'. It has 18 million workers, each of…

A: Total workers in Canada = 18 million.One worker can cut 10 feet of lumber or catch 20 fish per day.…

Q: I don't understand the difference of the impact on the indifference curve for when there is a…

A: An indifference curve represents a consumer's preferences between two goods while maintaining the…

Q: Suppose you have $120 to spend on CDs and movies. The price of a CD is $6, and the price of a movie…

A: In basic terms, a budget line is a graphical representation of all the combinations of two goods you…

Q: Suppose Canada produces two types of goods: agricultural and capital. The following diagram shows…

A: The production possibility frontier, or production possibility curve, is abbreviated as PPF. It is a…

Q: Use the photo at exercise 14 to solve the problem below With the Firm Y response function…

A: In economics, the game of Stackelberg, two players with the leading and trailing firms function in…

Q: The American system of health care is financed by a mix of private and government insurance programs…

A: The healthcare system has a significant role in the economy's growth. In a nation where the health…

Q: The Town of Agton's water utility engages in average cost-pricing. Across the community the av-…

A: Average cost pricing is a pricing technique in which the producer charges the price from the…

Q: two or three bidders in the race for that object. The rate of price increase is 1; that is to say,…

A: Participants in an auction are called bidders; they might be people or organizations looking to…

Q: If price consumption curve is negatively sloped, Otwo goods are substitutes two goods are…

A: The price consumption curve shows the relationship between the price and the consumption of the…

Q: help

A: The first part of the question is asking to identify the correct statement about boat insurance. The…

Q: Which of the is NOT likely to increase the supply of labor? A. A big increase in the school…

A: To properly answer this issue, one must comprehend the variables that affect an economy's labor…

Q: would it be possible to write me something about unemployment in European union as a reason of…

A: Economic integration refers to the process in which multiple countries or regions eliminate barriers…

Q: Required Reserve Ratio 0.05 0.1 0.2 0.25 0.5 + Money Murtiplier If $1,000 is deposited into a bank…

A: The objective of the question is to calculate the increase in money supply when $1,000 is deposited…

Q: K W If you deposit $1,000 cash, and your bank chooses to keep 10 percent of deposits as reserves, it…

A: The question is asking how much new money a bank can create if it chooses to keep 10 percent of…

Q: 2. During your next trip to the supermarket (or you may need to make a special trip) find two…

A: In an oligopolistic market, a small number of powerful companies control the whole industry. The…

Q: Don't not use Al Explore the differences between perfect competition, monopolies, oligopolies, and…

A: Market:It is a place where there is buying and selling of goods and services. Some buyers and…

Q: Which of the following best illustrates the importance of addressing the three questions of…

A: Finance as a discipline in a general sense revolves around understanding and addressing the…

Q: Question: What is the likely impact on the economy's aggregate demand curve? a) It will shift to the…

A: Aggregate demand is a key concept in macroeconomics, representing the total quantity of goods and…

Q: Automobile manufacturers produce a range of automobiles such as sports utility vehicles, luxury…

A: Including a variety of vehicles, including sport utility vehicles (SUV), luxury cars, trucks, and…

Q: he supply of loanable funds has a slope because the grea the quantity of loanable funds supplied.…

A: I think the question you are asking is -the supply of loanable funds has a________ slope because the…

Q: business environment

A: The Business environment refers back to the outside elements, conditions, and forces that affect an…

Q: Question 8 If reserves increase by $5 million, what is the difference in the resulting change in…

A: The objective of this question is to calculate the difference in the resulting change in checkable…

Q: The blue curve on the following graph shows the height of an airplane over 10 minutes of flight. The…

A: The rate of change of one variable depending on the rate of change of another variable is called…

Q: “The major determinant of a country’s income distribution is its distribution of productive and…

A: The statement is referring to the economic concept that the distribution of income within a country…

Q: In economics, the term O A. optimal O B. marginal O C. allocative O D. equity means "additional"…

A: Economics:It is a subject matter that focuses on the rational management of scarce resources that…

Q: Use the figure below to answer the following question. 8- 6F 4 2 O 2 4 B 6 8 10 X Figure 1A.3.2…

A: Slope describes the changes between two coordinates. It also describes the changes in dependent…

Question

Which of the following is most likely to be a free good?

	schools
	sunlight
	jeans that are sold at clearance prices
	a new restaurant giving away free tacos on "Taco Tuesday" as a way to kick-start its business

AI-Generated Solution

AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.

Unlock instant AI solutions

Tap the button
to generate a solution

Click the button to generate
a solution

SEE SOLUTION

Similar questions

Why government doesn't intervene in a free market
Which one of the following is a positive economic statement? a.Thoughtful people oppose an increase in the minimum wage. b.An increase in the minimum wage will reduce employment. c.Social justice will be served by increasing the minimum wage. d.The minimum wage should be increased.
If executives of various firms met in a smoke-filled hotel room to fix prices and to allocate which firms will produce what quantity of the good or service, then what are they doing?
Which of these statements does not apply to market economies? a. Prices influence how much of a good buyers choose to purchase and how much sellers choose to produce. b. Prices ensure that anyone who wants a product can get it. c.Prices ensure that quantity supplied and quantity demanded are in balance. d. Prices guide economic decisions and thereby allocate scarce resources.
In 50 words.... Please Give one or two examples in the marketplace that describes the principles of the free market and competition.
The basic principles of economics suggest that a. markets are seldom, if ever, a good way to organize economic activity. b. government should become involved in markets when trade between countries is involved. c. government should become involved in markets when those markets fail to produce efficient or fair outcomes. d. All of the above are correct.
Smith points out the possibility of producers contriving to raise prices. Are there other problems with the free-market system that he did not point out?
The role of government in a market economy would include all of the following exceptmaking and enforcing laws.collecting taxes.extensive ownership of productive resources.providing services such as national defense.
What exactly is a market economy? and a discussion of the benefits and drawbacks of a free market economy?
Which of these statements does not apply to market economies? Select one: a. Prices influence how much of a good buyers choose to purchase and how much sellers choose to produce. b.Prices guide economic decisions and thereby allocate scarce resources. c.Prices ensure that quantity supplied and quantity demanded are in balance. d.Prices ensure that anyone who wants a product can get it.
Which of this is a following is a normative statement: Select one: The correlation between the full moon and increased crime and wild animal attacks suggests werewolves are a concern in some areas A car scrappage scheme will lead to fall in the price of second hand cars A fall in incomes will lead to a rise in demand for the own-label supermarket foods The movie industry is an evil
List the first eight assumptions of the free market.