Multiple choice - just need the answer

Hello Customer (name blocked for privacy) and welcome to JustAnswer!

1. Answer is C) Corporation, in proprietorships and general partnerships, the owner or partners are each liable for business debts while in a LLC there's limited liability.

2. Answer is C) Nearly all corporations are small companies, small companies are usually proprietorships and partnerships.

3. Answer is C) Stockholders

4. Answer is A)income rises, consumption rises, but not as quickly, reasearches show that people spend only 3/4ths of their extra income.

5. Answer B) MPC + MPS = 1 is correct

6. Answer is B) At low levels of disposable income, induced consumption is zero. Consumption is based primarily on disposable income therefore at low levels of disposable income induced consumption is extremely low or zero.

Hope this helps, have a great day!

Edited by tex-eng on October 21 2006 at 4:22pm

__________________
I get paid only after you click ACCEPT If you like my answer please click ACCEPT and also leave a FEEDBACK and I will do the same for you. If you see fit I would appreciate a small BONUS too :)

There were a total of 25. I only see 6. Please advise.

Hello again,

I guess the copy-paste cut the rest after question 6. Please enter the rest of the questions and I will answer them.

__________________
I get paid only after you click ACCEPT If you like my answer please click ACCEPT and also leave a FEEDBACK and I will do the same for you. If you see fit I would appreciate a small BONUS too :)

Thank you.....here they are.

7.     If supply increases and demand remains unchanged, equilibrium quantity will _______ and equilibrium price will ______________.
     A)     rise, rise    B) fall, fall    C) fall, rise    D) rise, fall

     8.     As price declines, quantity demanded goes _______ and quantity supplied goes ________.
     A)     up, up    B) down, down    C) up, down    D) down, up

     9.     An increase in supply means that quantity supplied rises
     A)     at least one price.    B) at a few prices.    C) at most prices.    D) at all prices.

     10.     A decrease in demand means that quantity demanded falls
     A)     at least one price.    B) at a few prices.    C) at most prices.    D) at all prices.

     11.     The market price ____________ the equilibrium price.
     A)     can be higher than, but never lower than      C)     can be higher than, or lower than
     B)     can be lower than, but never higher than      D)     is always equal to

     12.     Which statement is false?
     A)     Residential home building fluctuates considerably from year to year.
     B)     Investment is the most volatile sector in our economy.
     C)     Gross investment is larger than net investment.
     D)     Inventory investment can be negative.
     E)     None is false.

     13.     To build up our capital we need to
     A)     save more and consume more.      C)     save less and consume less.
     B)     save more and consume less.      D)     save less and consume more.

     14.     In the United States investment is done
     A)     entirely by the government.
     B)     mostly by the government.
     C)     about half by the government and half by private enterprise.
     D)     mainly by private enterprise.

     15.     Which of these is not investment?
     A)     additional inventory      C)     the building of a shopping mall
     B)     the building of a county courthouse      D)     the building of an automobile assembly line



     16.     When disposable income is $1 trillion, how much is C?

     17.     When disposable income is $1 trillion, how much is savings?

     18.     When disposable income is $2 trillion, how much is C?

     19.     When disposable income is $2 trillion, how much is savings?

     20.     When disposable income is $3 trillion, how much is C?



     21.     In the graph shown above, if market price were $6, there would be
     A)     a surplus.    B) a shortage.    C) a surplus and a shortage.    D) neither a surplus nor a shortage.

     22.     In the graph shown above at a price of $4.50
     A)     there is a shortage.      C)     there is a both a shortage and a surplus.
     B)     there is a surplus.      D)     there is neither a shortage nor a surplus.

     23.     In the graph shown above, at a price of $3.00
     A)     there is a shortage.
     B)     there is a surplus.
     C)     quantity supplied is greater than quantity demanded.
     D)     none of the above.



     24.     A shift from D1 to D2 represents
     A)     an increase in demand.    B) a decrease in demand.    C) no change in demand.

     25.     A shift from D1 to D2 causes equilibrium price to __________ and quantity to __________.
     A)     rise; rise.   B) fall; fall.   C) rise; fall.   D) fall; rise.

Answers continued:

7. Answer is D) rise, fall , The supply curve shifts right therefore equilibrium price decreases and equilibrium quantity increases.

8. The answer is A) up, up

9. The answer is D) at all prices.

10. The answer is D) at all prices.

11. The answer is A) can be higher than, but never lower than equilibrium price.

12. Answer is E) none is false

13. Answer is B) save more and consume less.

14. Answer is D) mainly by private enterprise.

15. Answer is B) the building of a county courthouse (it's non-profit)

I need to leave now but I will be back in a few hours and answer the rest.

__________________
I get paid only after you click ACCEPT If you like my answer please click ACCEPT and also leave a FEEDBACK and I will do the same for you. If you see fit I would appreciate a small BONUS too :)

Please check back with me. By accepting - it seems I am paying another 30 dollars, which means another 30 for the remaining answers after that the way the system is set up.

It was my understanding that I was submitting the remaining questions to be completed because somehow they didn't paste along with the others. When in fact I could see them (I made sure) before I posted the request.

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

Relist: I still need help.
Need Help with the following....
Show price elasticity of demand for Company XYZ's product. Using the following data:


price
quantity

2000
5.00
100

2001
5.25
115

2002
5.50
150

2003
6.00
198



Calculate endpoint elasticity from 2000 to 2003 over the entire period. Use the arc convention and the traditional percent change calculations. Show work and compare results. Finally, is this a typical situation?



Traditional formula:
















(Change in Q) / (level of Q)





Elasticity = --------------------------------- or % change in Q divided by % change in Price

(Change in P) / (level of P)














Arc formula:
















(Change in Q) / (average of Q's)




Arc Elasticity = ------------------------------------ similar to mean vs. median concept

(Change in P) / (average of P's)



Keep responses brief and concise.

Edited by Customer (name blocked for privacy) on October 25 2006 at 6:59pm

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.