This topic contains a solution. Click here to go to the answer

Author Question: The price elasticity of gasoline supply in the U.S. is 0.4. If the price of gasoline rises by 8, ... (Read 143 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
The price elasticity of gasoline supply in the U.S. is 0.4. If the price of gasoline rises by 8, what is the expected change in the quantity of gasoline supplied in the U.S.?
 
  A) +3.2
  B) -3.2
  C) +32.0
  D) +0.32

Question 2

To enforce the optimum level of emissions, a government could set an emissions fee, which would be
 
  A) the dollar value indicated by the intersection of the MSB and MCA curves, and would apply to every unit of pollutants the firm emitted.
  B) the dollar value indicated by the intersection of the MSB and MCA curves, and would apply to every unit of pollutants the firm emitted above the standard.
  C) the vertical intercept of the MSB curve.
  D) the vertical intercept of the MCA curve.
  E) the vertical distance between the intercepts of the MSB curve and the MCA curve.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

scikid

  • Sr. Member
  • ****
  • Posts: 300
Answer to Question 1

A

Answer to Question 2

A




APUS57

  • Member
  • Posts: 571
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)


AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

For a complete list of videos, visit our video library