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Monthly Rent Apartments Demanded (per Year) Apartments Supplied (per Year) $ 800 5,300 0 1,300 5,100 3,300 1,800 4,900 3,900 2,300 4,700 4,200 2,800 4,500 4,500 3,300 4,300 4,800 Using the table above, what if the city government could enforce a rent control law that sets the maximum rent that could be charged at $1,300? What is the amount of the surplus or shortage?

Monthly Rent Apartments Demanded per Year Apartments Supplied per Year 500 5,000 0 1,000 4,800 3,000 1,500 4,600 3,600 2,000 4,400 3,900 2,500 4,200 4,200 3,000 4,000 4,500 Using the table above, what if the city government could enforce a rent control law that sets the maximum rent that could be charged at $1,000? What is the amount of the surplus or shortage?

Marginal utility is the accumulation of the total utility from successive units of a good or service consumed.

Which of the following statements applies to a purely competitive producer?

Answer the question based on the following table, which shows a demand schedule. Price Quantity Demanded $ 5 10 4 13 3 15 2 19 1 25 At a price of $4, the total revenues of sellers will be

If the price-elasticity coefficient for a good is 1.75, the demand for that good is described as

If total utility increases as consumption of a good increases, then marginal utility must be increasing also.

(1) Qd (2) Qd (3) Price (4) Qs (5) Qs 50 40 $ 10 70 80 60 50 9 60 70 80 60 8 50 60 90 70 7 40 50 100 80 6 30 40 Refer to the table. Suppose that demand is represented by columns (3) and (2) and supply is represented by columns (3) and (5). If the price were artificially set at $6,

Monthly Rent Apartments Demanded per Year Apartments Supplied per Year 500 5,000 0 1,000 4,800 3,000 1,500 4,600 3,600 2,000 4,400 3,900 2,500 4,200 4,200 3,000 4,000 4,500 Using the table above, what if the city government could enforce a rent control law that sets the maximum rent that could be charged at $1,000? How many units would actually be rented?

Describe olfaction.  How many primary odors are there?  Describe gustation.  How many primary tastes are there?  Which taste is the most sensitive?  Why?