I need help with questions 6 through 10. I do not understand how to read the graph based on the questions asked. PRINT LAST NAME, FIRST NAMEUse the graph below to answer questions 6 through 10.Price (S)Supply15107.55Demand0 10 20 30 40 50 60 70QuantityWhen this market is in equilibrium, consumer surplus is equal tosurplus is equal6.and producer$200; $100$400; $200$200; $400а.с.b. $100; $200d.If there is a price floor set at $15, the quantity bought and sold (exchanged) in this marketwill be equal to:7.20.а.60.с.b.40.80d.If there is a price floor set at $15, consumer surplus will be equal to8.and producersurplus will be equal to$50; $100$50; $175а.$100; $100$100; $175с.b.d.If there is a price ceiling set at $7.50, the quantity bought and sold (exchanged) in thismarket will be equal to:9.20.а.60.с.b.40.d.80.10.If there is a price ceiling set at $7.50, consumer surplus will be equal toproducer surplus will be equal to$175; $25$175; $50andа.$200; $25$200; $50с.b.d.Chapter 7 Assignments14220

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The figure below plots a histogram of ages for Olympic athletes. What are ways that this plot could be improved: Mark all that apply. count 20000- 15000- 10000- 5000- 0- 20 20 40 age_of_athlete Do a scatter plot instead of a histogram to more effectively portray the information Change X-axis label Add a title Capitalize Y-axis label 80 60
The Wall Street Journal’s website, www.wsj.com, reported the number of cars and light-duty trucks sold through October of 2014 and October of 2015. The top sixteen manufacturers are listed here. The sales information for all manufacturers can be accessed in a data file below. Sales data are often reported in this way to compare current sales to last year’s sales. Year-to-Date Sales Manufacturer Through October 2015 Through October 2014 General Motors Corp. 2,562,840 2,434,707 Ford Motor Company 2,178,587 2,065,612 Toyota Motor Sales USA Inc. 2,071,446 1,975,368 Chrysler 1,814,268 1,687,313 American Honda Motor Co Inc. 1,320,217 1,281,777 Nissan North America Inc. 1,238,535 1,166,389 Hyundai Motor America 638,195 607,539 Kia Motors America Inc. 526,024 489,711 Subaru of America Inc. 480,331 418,497 Volkswagen of America Inc. 294,602 301,187 Mercedes-Benz 301,915 281,728 BMW of North America Inc.…
Macmillan Learning Consider the CEO of a company that sells coffee at small free standing shops around the country. The Board of Directors is considering increasing the number of locations in an effort to increase total revenue, ceteris paribus. Use the data to determine if revenue is responsive to the number of locations. Use the midpoint method to calculate percentages. Number of locations Total revenue Calculate the percentage change in locations. 2012 3000 $60 million Calculate the percentage change in total revenue. Based on the CEO's analysis, he reports to the Board that total revenue is inelastic with respect to the number of locations. total revenue is unit elastic with respect to the number of locations. total revenue is elastic with respect to the number of locations. 2013 3750 $75 million percentage change in total revenue: percentage change in locations: % %
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Is there any graph that can support this answer?
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