In the figure above, the initial demand curve is Do. There are no rent celilings nor rent floors. The equilibrium monthly rent is Select one: O a. $100 per month. O b. $200 per month. Oc. $300 per month. Od. $400 per month.
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- QUESTION 7 Under a share lease agreement, income is usually split between the tenant and landlord in the same proportion as expenses. O True O False QUESTION 8 Cash leases provide the landlord with steady income in the form of cash rent payments. O True O False QUESTION 9 Which of the following is not a type of lease agreement? O Non-variable share lease O Bushel lease O Variable cash lease Labor share lease202 -2021 Bahar A car retail store reduces prices by 15 percent each year until the cars are sold. What will a $190000 car sell for in 7 years? O A. $60709.60 O B. $60909.60 OC. $60609.60 O D. $60809.60 Seçimimi temizle Sonraki sayfaQUESTION 15 When an economist says that the demand for a product has increased, this means that O A. consumers are now willing to purchase more of this product at each possible price B. the product has become particularly scarce for O C. product price has fallen and, therefore, consumers are buying a larger quantity of the product D. The demand some reason. curve has shifted to the left OUESTIO
- 90 80 70 60 50 40 30 20 120 180 240 300 360 420 480 540 600 660 720 780 840 If a price floor of $60 is imposed in the market above, which of the following is true? O a. There is an excess supply of 300 O b. There is a shortage of 180 O c. There is an excess supply of 420 d. There is an excess supply of 180 10If demand is price elastic and price decreases, then Select one: O a. the extra revenue from the extra units sold is less than the loss in revenue from the lower price O b. the extra revenue from the extra units sold is exactly offset by the loss in revenue due to the lower price O c. the extra revenue from the extra units sold exceeds the loss in revenue from the lower price O d. more information is necessary to determine what happens to total revenueWhat offect would an increase in the cost of materials used to produce cars have on the supply of cans? O Increase O Decrease
- Which one of the following events will make the elasticity of supply for Product A relatively more elastic. O A. Firms supplying Product A currently have a significant amount of spare (excess) capacity. O B. It is very difficult for firms to switch resources from producing other products to producing more of Product A. O C. The production of Product A requires very specialized resources and processes that cannot be used to produce other product O D. Firms must incur a significant amount of additional costs in order to supply more units of Product A.The tapie pelow Cotains pricerdemand and total cOSt data Tor the production of treadmilis, where p is the wholesale price (in dollars) of a treadmill for an annual demand of x treadmills, and C is the total cost (in dollars) of producing x treadmills. p ($) C ($) 2,910 1,450 3,634,000 3,415 1,275 3,782,000 4,645 1,123 4,185,000 5,330 918 4,290,000 Use this data to find a linear regression equation for price-demand data, using x as the independent variable: p= ax + b, where a is rounded to 1 decimal place and 6 is rounded to the nearest integer. Use this data to find a linear regression model for the cost data, using x as the independent variable: C(x) = cx + d, where c is rounded to the nearest integer and d is.rounded to the nearest 10,000. To Do Notifications Dashboard CalendarLast year when John graduated and received a 20 percent pay increase, the average number of restaurant meals he consumed rose from one a week to three a week. Hence his income elasticity for restaurant meals is O a. 0.50. O b. 5.00. Oc 0.50. Od. -5.00.
- Why do economists classify normal profits as costs? O A normal profit is the amount required to ensure continued supply of the product. O Normal profits have elements of revenue and cost. OA normal profit has to be paid to the IRS. Normal profits cannot be counted as revenue.D 3 om for the four Juanita's Performance Pizza is a small restaurant in Dallas that sells gluten-free pizzas. Juanita's very tiny kitchen has barely enough ovens in which her workers bake the pizzas. Juanita signed a lease obligating her to pay the rent for the four ovens for the next year. Because of this, and because Juanita's kitchen cannot fit more than four ovens, Juanita cannot change the number of ovens she uses in her production of pizzas in the short run. However, Juanita's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Juanita lets them know how many workers she needs for each day of the week. In the short run, these workers are variable inputs, and the ovens are fixed inputs. Esc Juanita's daily production schedule is presented in the following table. Fill in the blanks to complete the Marginal Product of Labor column for each worker. Output Marginal Product of Labor (Pizzas) (Pizzas) Labor (Number…Which of the following changes in the financial market will lead to an increase in the quantity of loans made and received: (select all that apply) O A. a fall in supply O B. a rise in supply O C. a fall in demand O D. a rise in demand