Explain all option plz......you will not explain all option then I will give you down upvote... =Refer to the figure at right. The value of consumer surplus when price is $4 equalsPrice(dollars per 10OOOOA. $45.B. $24.C. $21.D. none of the above.cone)48-76Consumer Surplus6Ice cream cones

Detailed explanation: Consumer Surplus Calculation RecapFrom the graph, the consumer surplus is…

Answered: = Refer to the figure at right. The…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please no written by hand solutions Consider a game between two friends, Amy and Brenda. Amy wants Brenda to give her a ride to the mall. Brenda has no interest in going to the mall unless her favorite shoes are on sale at the large department store there. Amy likes these shoes as well, but she wants to go to the mall even if the shoes are not on sale. Only Amy subscribes to the newspaper, which carries a daily advertisement of the department store. The advertisement lists all items that are on sale, so Amy learns whether or not the shoes are on sale by showing the newspaper to Brenda. But this is costly for Amy, because she will have to take the newspaper away from her sister, who will yell at her later for doing so. In this game, nature first decides whether or not the shoes are on sale, and this information is made known to Amy (Amy observes whether nature chose S or N). Nature chooses S with probability p and N with probability 1-p. Then Amy decides whether or not to take the…
"There is no such things as free lunch" means that a) Money costs are always present when one acquires or does somethin. b) You always have to pay the tab c) You have no choices d) Choices are present and a real cost incurred when a choice is made e) non of the above is true.
In economics the cost of doing somethin is a) the value of the next best opportunity not taken b) the list dollar cost c) the money, out-of-pockey expenditure. d) all of the above
Oscar purchased a $30 steak for dinner, but burned it bad on the grill. Since he paid top dollar for the steak he figures he should eat it anyways. Is Oscar properly using economic reasoning? Yes, the marginal cost of not eating the steak would be $30. No, the $30 spent on the steak is a sunk cost and should not be included in his decision whether to eat the steak or not.. Yes, if he doesn't eat the steak he will have wasted economic resources. No, the opportunity of eating the steak is whatever else he could have purchased for the $30.
Sweaters sell for $19 at the crafts fair. Allie knits sweaters and her marginal costs are given in the table below. Allie's marginal costs increase with each additional sweater. If Allie is behaving rationally, how many sweaters will she sel? Marginal Cost ($) Sweater 2nd Sweater 11 ard Sweater 15 th Sweater 21 sth Sweater 28 eth sweater 35 Allie will sell sweater(s).

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= Refer to the figure at right. The value of consumer surplus when price is $4 equals Price (dollars per 10 OOOO A. $45. B. $24. C. $21. D. none of the above. cone) 4 8- 7 6 Consumer Surplus 6 Ice cream cones