• 100% Satisfaction Guarantee

linda_us, Master's Degree
Category: Multiple Problems
Satisfied Customers: 7139
Experience:  Business Analyst and Solution Consultant with over 9 years of experience.
19873544
Type Your Multiple Problems Question Here...
linda_us is online now

# All of the following are examples of spending on factors of

### Customer Question

All of the following are examples of spending on factors of production in the circular flow model except (Points : 1)
Bima hires two students to work at his ice-cream store.
"Get Fit Together'" purchases 3 new treadmills for its gym.
Iris buys a dozen roses for her mother's birthday.
The Banyan Tree rents a much larger property so that it can add a restaurant to its facilities.

12.
Figure 3-5

Refer to Figure 3-5. Assume that the graphs in this figure represent the demand and supply curves for used clothing, an inferior good. Which panel describes what happens in this market as a result of a decrease in income? (Points : 1)
Panel (a)
Panel (b)
Panel (c)
Panel (d)

13. How does the increasing use of digital cameras affect the market for traditional camera film? (Points : 1)
The demand curve for traditional camera film shifts to the right.
The supply curve for traditional camera film shifts to the left.
The supply curve for traditional camera film shifts to the right.
The demand curve for traditional camera film shifts to the left.

14.
Figure 3-6

Refer to Figure 3-6. The graph in this figure illustrates an initial competitive equilibrium in the market for apples at the intersection of D1 and S1 (point A). If there is a shortage of apples how will the equilibrium point change? (Points : 1)
The equilibrium point will move from A to B.
The equilibrium point will move from A to C.
There will be no change in the equilibrium point.
The equilibrium point will move from A to E.

15. If in the market for apples the supply has decreased then (Points : 1)
the supply curve for apples has shifted to the right.
there has been a movement upwards along the supply curve for apples.
the supply curve for apples has shifted to the left.
there has been a movement downwards along the supply curve for apples.

16. If the price of automobiles were to increase, then (Points : 1)
the demand for gasoline would decrease.
the demand for gasoline would increase.
the supply of gasoline would increase.
the quantity demanded of gasoline would decrease.

17.
Figure 4-7

Figure 4-7 shows the demand and supply curves for the almond market. The government believes that the equilibrium price is too low and tries to help almond growers by setting a price floor at Pf.

Refer to Figure 4-7. What is the area that represents producer surplus after the imposition of the price floor? (Points : 1)
A + B + E
B + E
B + E + F
B + C + D + E

18. Suppose the demand curve for a product is downward sloping and the supply curve is upward sloping. If a unit tax is imposed in the market for this product, (Points : 1)
sellers bear the entire burden of the tax.
the tax burden will be shared among the government, buyers and sellers.
buyers bear the entire burden of the tax.
the tax burden will be shared by buyers and sellers.

19.
Table 4-3

Table 4-3 shows the demand and supply schedules for the low-skilled labor market in the city of Westover.

Refer to Table 4-3. If a minimum wage of \$7.50 an hour is mandated, what is the quantity of labor supplied? (Points : 1)
390,000
370,000
340,000
380,000

20.
Figure 4-2

Refer to Figure 4-2. What area represents producer surplus at a price of P2? (Points : 1)
A + B
B + D
A + B + C
A + B + C + D + E
Submitted: 2 years ago.
Category: Multiple Problems
Expert:  linda_us replied 2 years ago.
Thanks for requesting me but there are question with figure, which are missing.

Regards

Linda
Customer: replied 2 years ago.

Ok sorry.

Expert:  linda_us replied 2 years ago.
Thanks.
Customer: replied 2 years ago.
I never got a response back. Were you able to work on this?
Expert:  linda_us replied 2 years ago.
Customer: replied 2 years ago.
Sorry those were for the other posting that I did.
Expert:  linda_us replied 2 years ago.
Ok I will work on these.
Expert:  linda_us replied 2 years ago.

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

### What Customers are Saying:

• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
• This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
• Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
• I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
• Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
• Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
• He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX

• ### linda_us

#### Satisfied Customers:

1288
Business Analyst and Solution Consultant with over 9 years of experience.
< Last | Next >

### linda_us

#### Satisfied Customers:

1288
Business Analyst and Solution Consultant with over 9 years of experience.

### Mr. Gregory White

#### Satisfied Customers:

829
M.A., M.S. Education / Educational Administration

### FiveStarLaw

#### Satisfied Customers:

711
Lawyer, Accountant and Researcher

### Manal Elkhoshkhany

#### Satisfied Customers:

690
Completed by BA degree in 1988 and graduated with a GPA of 4.0

### F. Naz

#### Satisfied Customers:

575
have completed B.Com and CA Finalist

### Bizhelp

#### Satisfied Customers:

472
BA degree and Certified Public Accountant

152