Q1. (20 marks) Consider the market for rental housing. Demand schedule is and supply schedule is . a.(8 marks) What are the consumer surplus, producer surplus, and total surplus?.
b.(8 marks) Suppose the government imposes a price ceiling of $600. What are the consumer surplus, producer surplus, and total surplus?
c.(4 marks) Who would vote in favor of this price ceiling policy, and who would vote against it? Explain.

One question from a survey was "how many credit cards do you currently have? " the results of the survey are provided. complete parts (a) through (g) below. click the icon to view the survey results. (a) determine the mean number of credit cards based on the raw data. the mean is 3.113.11 credit cards. (type an integer or a decimal. do not round.) (b) determine the standard deviation number of credit cards based on the raw data. the standard deviation is 1.9111.911 credit cards. (round to three decimal places as needed.) (c) determine a probability distribution for the random variable, x, the number of credit cards issued to an individual. x (# of cards) p(x) x (# of cards) p(x) 1 0.280.28 6 nothing 2 nothing 7 nothing 3 nothing 8 nothing 4 nothing 9 nothing 5 nothing 10 nothing (type integers or decimals. do not round.)

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?