Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
1. In a market there are six consumers who are willing to pay $9, $5, $9, $13, $10, and $11 respectively for one unit of the good. In the same market there are seven producers who are willing to sell one unit of the good for $2, $9, $12, $14, $6, $4, and $9 respectively. In this market the equilibrium
A) Price is at $9 and the quantity is 4; the total surplus is 21.
B) Price is at $8 and the quantity is 5; the total surplus is 23.
C) Price is between $6 and $9 and the quantity is 4; the total surplus is 21.
D) Price is between $6 and $8 and the quantity is 5; the total surplus is 22.
E) Price is at $9 and the quantity is 3; the total surplus is 10.
4. Total revenue for coffee is the same for all price levels. The demand curve for coffee is
A) Elastic.
B) Upward Sloping.
C) Unit-elastic.
D) Perfectly elastic.
E) Perfectly inelastic.
6. Suppose that once a consumer has eaten too much of the same food, she can no longer taste any additional bites (consuming those additional bites does not make her any better or worse off). This leads to a(n) _____________ in the marginal utility of the consumption of that good.
A) increase
B) decrease
C) positive slope
D) negative slope
E) neither of the above.
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more