« previous next »

Author Question: Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in producer ... (Read 201 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?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

As a result of this change, deoxyhemoglobin S As a result of this change, deoxyhemoglobin S
Titration Curve Titration Curve
Cross-sectional data showing that the amount of effort spent on personal health care increases with Cross-sectional data showing that the amount of effort spent on personal health care increases with
Carbon Dioxide, Trace Gases, and Climate Change Carbon Dioxide, Trace Gases, and Climate Change
How to solve any percent change problem How to solve any percent change problem
The impact of climate change on natural ecosystems The impact of climate change on natural ecosystems
Video: The Krebs Cycle Animation

For a complete list of videos, visit our video library