Author: Anonymous

Which of the following authors would agree with the third existentialist thesis?

Which of the following authors would not think that the masses of humanity are worthless?

According to Marx the triumph of Communism is…

Because of “the law of demand” if the price of apples fall consumers will demand fewer apples 

Problem question The following four graphs represent four market scenarios, each of which would cause either a movement along the supply curve for premium bottled water or a shift of the supply curve. Match each scenario with the appropriate graph (enter only a number between 1and 4 in the blank)        A decrease in the supply of sports drinks [2] A drop in the average household income in the United States from $56,000 to $52,000 [4] An improvement in the bottling technology for premium bottled water [3] An increase in population and taste for water (millennials have a greater demand for bottled water)  [1]

Match the following concepts 

The law of demand states that “holding everything else constant, when the price of a product falls, the quantity demanded of the product will increase, and when the price of a product rises, the quantity demanded of the product will decrease.” We see the price of roses increasing during Mother’s Day, yet consumers buy more roses. Is this a violation of the law of demand?

 Which of the following is NOT a variable that shifts market demand? 

A radio contest in your town is giving away two free concert tickets, your roommate calls in and wins the tickets and invites you to the concert. You tell your roommate you are working the day of the concert, to which your roommate replies, call in sick this is a great concert. The concert is in a different city 3 hours away. Your work pays you $12.50 an hour. Your roommate is off that day and was planning on playing video games all day. a. What is your opportunity cost if you decide to attend the concert, assuming you work 8 hours that day? b. What is the opportunity cost of your roommate? 

Allsey Toffee Co is locally owned and they produce candy, toffee, chocolate, and other sweets, assume they compete in a perfectly competitive market. The market equilibrium for this type of product is $25.00 per pound Fill out the table below and then answer the following questions You can create your own table by clicking on the table sign above and chose 9 * 10 table Output FC VC TC Revenue ATC AVC MC Profit 0 12 1 23 2 41 3 48 4 60 5 78 6 103 7 134 8 178   what price will Allsey charge per pound? how much candy should they produce? how much profit or loss will the company make?