Business, 28.03.2020 00:53 leahandmaryssa
Identify whether each statement in the following table best illustrates the concept of consumers’ surplus, producers’ surplus, or neither. Statement Consumers’ Surplus Producers’ Surplus Neither Even though I was willing to pay up to $209 for a watch, and even though the seller was willing to go as low as $196 in order to sell it, we couldn't reach a deal because the government imposed a price ceiling of $190 on the sale of watches. Even though I was willing to pay up to $39 for a jersey sweater, I bought a jersey sweater for only $32. I sold a used laptop for $199, even though I was willing to go as low as $190 in order to sell it.
Answers: 3
Business, 22.06.2019 18:50
Suppose the government enacts a stimulus program composed of $600 billion of new government spending and $300 billion of tax cuts for an economy currently producing a gdp of $14 comma 000 billion. if all of the new spending occurs in the current year and the government expenditure multiplier is 1.5, the expenditure portion of the stimulus package will add nothing percentage points of extra growth to the economy. (round your response to two decimal places.)
Answers: 3
Business, 22.06.2019 21:30
China white was the black market selling of ivory, in which the profit was redistributed back into the trafficking of heroin.
Answers: 3
Business, 22.06.2019 21:50
The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.
Answers: 1
Business, 23.06.2019 02:30
Do you think it ethical and appropriate for marshall to have used himself as a test subject and swallowed a sample of helicobacter pylori? what precautions did he take? would you do it? why or why not?
Answers: 1
Identify whether each statement in the following table best illustrates the concept of consumers’ su...
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