« previous next »

Author Question: Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in producer ... (Read 188 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in producer surplus is
 
  A) 25.
  B) 5.
  C) 12.5.
  D) 20.

Question 2

If the wage increases, the isocost line will
 
  A) stay the same.
  B) shift outward in parallel fashion.
  C) rotate inward around the point where only capital is employed in production.
  D) shift inward in parallel fashion.


jrpg123456

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Free energy change during electron transport Free energy change during electron transport
Titration curve for aspartic acid Titration curve for aspartic acid
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
A Change of Heart A Change of Heart
The Radioactive Decay Curve The Radioactive Decay Curve
Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ... Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ...
Video: Inflammation and Fever

For a complete list of videos, visit our video library