« previous next »

Author Question: Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in producer ... (Read 160 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?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m
Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m
Demographic change and the effect on people social, and economic life Demographic change and the effect on people social, and economic life
Climate change is an important vector for human diseases Climate change is an important vector for human diseases
Who Oversees the Food Supply? Who Oversees the Food Supply?
Change in the frequency of a lethal recessive allele, a Change in the frequency of a lethal recessive allele, a
Video: X chromosome inactivation in calico cats

For a complete list of videos, visit our video library