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 60 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
Thanks for the timely response, appreciate it

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
The More Things Change, The More They Say the Same: Dividing the Nation's Income The More Things Change, The More They Say the Same: Dividing the Nation's Income
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
Red Bull uses strategies that help it target college-aged, young-adult consumers Red Bull uses strategies that help it target college-aged, young-adult consumers
Percentage of higher-income Canadian households Percentage of higher-income Canadian households
Polyploidy increases fruit size Polyploidy increases fruit size
Video: DNA close up Animation

For a complete list of videos, visit our video library