This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If income increases due to a decrease in taxes, then A) utility will increase because consumers ... (Read 28 times)

luminitza

  • Hero Member
  • *****
  • Posts: 555
on: Jul 1, 2018
If income increases due to a decrease in taxes, then
 
  A) utility will increase because consumers can afford a larger bundle of goods.
  B) utility will fall because consumers will be forced to buy a smaller bundle of goods.
  C) utility will remain constant.
  D) utility will increase because consumers will be forced to buy a smaller bundle of goods.

Question 2

People derive utility in their lives from consuming goods (all other goods), g, and clean air (measured as the number of particulates removed per m3), a, as measured with the utility function U(g,a) = g0.6a0.4. The price index of consumer goods equals 20 per day. Income equals 1000. What is likely to happen to the number of asthma cases as the price of clean air (abatement cost) increases from 10 to 20?
 
  A) Asthma cases decrease because the particulates per m3 increase by 2 units.
  B) Asthma cases increase because the particulates per m3 decrease by 2 units.
  C) Asthma cases increase because the particulates per m3 increase by 2 units.
  D) There is not enough information to answer this question.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Expo

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


luminitza

  • Member
  • Posts: 555
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
China’s 8% annual increase in oil consumption China’s 8% annual increase in oil consumption
Rhytidoplasty. This is a common form of plastic surgery in which the skin is pulled and sutured to d Rhytidoplasty. This is a common form of plastic surgery in which the skin is pulled and sutured to d
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
The Increase in Divorce The Increase in Divorce
Health and Income per Capita: Two Views Health and Income per Capita: Two Views
Video: Types of synapses - electrical & chemical

For a complete list of videos, visit our video library