(1) 5.0 g (2) 17 g (3) 30. g (4) 50. g Answer--> Choice 3; 52g-32g=30g 1/03 1 Solubility data for four different salts in water at 60oC are shown in the table below. Which salt is most soluble at 60oC? (1) A (2) B (3) C (4) D Answer--> Choice D =0.5g/g H2O 2 Base your answers on the information below. When cola‚ a type of soda pop‚ is manufactured‚ CO2(g) is dissolved in it. 1. A capped bottle of cola contains CO2(g) under
Premium Solubility
a. The what to produce question b. The why to produce question c. The how to produce question d. The for whom to produce question 2. A good or service that is forgone by choosing one alternative over another is called a (an): a. Explicit cost b. Opportunity cost c. Accounting cost d. Implicit cost 3. In the context of the production possibilities curve‚ opportunity cost is measured in: a. Changing in technology b. Ringgit paid for the goods c.
Premium Economics
study of how A. prices and quantities of goods and services are determined in markets B. private firms and households respond to taxes and subsidies C. people make choices in the presence of scarcity and the results of those choices. D. interest rates and exchange rates are determined 2. The scarcity principle implies that A. people will never be satisfied with what they have B. as wealth increases‚ making choices becomes less necessary C. the prices of scarce goods
Premium Supply and demand Economics Microeconomics
1. Suppose there are 100 consumers with identical individual demand curves. When the price of a movie ticket is $8‚ the quantity demanded for each person is 5. When the price is $4‚ the quantity demanded for each person is 9. Assuming the law of demand holds‚ which of the following choices is the most likely quantity demanded in the market when the price is $6? Explain and show calculations‚ While the question asks of the choices given what the quantity demanded will be‚ there are no choices
Premium Supply and demand
Explain how production possibility curves can be used to demonstrate the problem of unemployment‚ effects of technological change and the benefits of economic growth. Human wants are unlimited and resources are scarce. In order to satisfy these wants‚ all societies face the problem of allocating these scarce resources to producing the wanted products. These decisions greatly affect the economy and will contribute to the movements of growth. A graph that visually represents the results of the decisions
Premium Economics
set by the government. b. Interest rates are lower this year than last year. c. People ’s wants are insatiable. d. Payments for resources are made in factor markets. e. Unemployment last year was 7.3 percent of the labor force. 2. Firm is losing money in producing the last unit if the last unit produced has a a. marginal revenue greater than its marginal cost. b. marginal cost greater than its marginal
Premium Economics Supply and demand Costs
of the city. Rents paid are a very high percent of peoples’ incomes. (a) Would the demand for apartments in this area be relatively inelastic or relatively elastic? State why. (b) Would the supply of apartments in this area be relatively inelastic or relatively elastic? State why. 1 (c) Draw the demand and supply curves as you have described them‚ showing the initial equilibrium price and quantity. Label carefully. (d) Now assume the government creates a rent supplement program. Under this program
Premium Supply and demand
variable cost is a. at the same level of output as the minimum average total cost b. at a smaller level of output than the minimum average total cost c. at a larger level of output than the minimum average total cost d. at the same level of output as the average fixed costs e. same as minimum marginal cost 2. The multiplant monopolist maximises profits when a. Marginal cost equals marginal revenue b. When marginal cost in each plant are equal c. When average cost in each plant is equal
Premium Costs Economics Marginal cost
the result will be a prolonged period of a. high unemployment. b. production above potential GDP. c. shortages in supply. d. inflation whenever supply increases. Figure 10-8 6. The slope of the consumption function is measured by the marginal propensity to save. 7. If the stock market falls by 25 percent next year and remains down‚ what is most likely to happen to the consumption function? a. It will shift downward. b. It will shift upward. c. It will not shift‚ but people will move
Premium Inflation Macroeconomics Supply and demand
Production Possibility Curve Name Academic Institution Class Professor Date Production Possibility Curve The production possibility curve (PPC) is defined as a theory that highlights the factors that limit a process the difficulties of making a choice‚ and the opportunity costs associated with making that decision (Hochstein‚ 2014‚ p. 343). Any time a decision is made by a manufacturer of a good‚ or a country making exports of goods to ready global buyers‚ the best decisions need
Premium Economics United States