Question 1

Accepted Answer

A)  Consumers purchase more milk and cereal 
B)  Consumers purchase less milk and cereal 
C)  Consumers purchase more milk and less cereal 
D)  Consumers purchase less milk and more cereal 
A)  Consumers purchase more milk and cereal 
B)  Consumers purchase less milk and cereal 
C)  Consumers purchase more milk and less cereal 
D)  Consumers purchase less milk and more cereal B

Question 2

Accepted Answer

A)  20.5 million boxes 
B)  Zero 
C)  38.8 million boxes 
D)  46.25 million boxes 
A)  20.5 million boxes 
B)  Zero 
C)  38.8 million boxes 
D)  46.25 million boxes C

Question 3

Accepted Answer

A)    
B)    
C)    
D)    
A)    
B)    
C)    
D)    B

Question 4

Accepted Answer

A)    
B)    
C)    
D)    
A)    
B)    
C)    
D)

Question 5

Accepted Answer

A)  The price of both milk and cereal increase 
B)  The price of milk increases and the price of cereal decreases 
C)  The price of milk decreases and the price of cereal increases 
D)  The price of both milk and cereal decrease 
A)  The price of both milk and cereal increase 
B)  The price of milk increases and the price of cereal decreases 
C)  The price of milk decreases and the price of cereal increases 
D)  The price of both milk and cereal decrease

Question 6

Accepted Answer

A)  $9.66 
B)  $9.76 
C)  $7.76 
D)  $11.76 
A)  $9.66 
B)  $9.76 
C)  $7.76 
D)  $11.76

Question 7

Accepted Answer

A)    
B)    
C)    
D)    
A)    
B)    
C)    
D)

Question 8

Accepted Answer

A)  6.22 million gallons 
B)  1.48 million gallons 
C)  Zero 
D)  50.56 million gallons 
A)  6.22 million gallons 
B)  1.48 million gallons 
C)  Zero 
D)  50.56 million gallons

Question 9

Accepted Answer

A)  $9.76 
B)  $2.37 
C)  $5.63 
D)  $4.00 
A)  $9.76 
B)  $2.37 
C)  $5.63 
D)  $4.00

Question 10

Accepted Answer

A)    
B)    
C)    
D)    
A)    
B)    
C)    
D)

Question 11

Accepted Answer

A)    
B)    
C)    
D)    
A)    
B)    
C)    
D)

Question 12

Accepted Answer

A)  $9.76 
B)  $6.10 
C)  $0 
D)  $11.25 
A)  $9.76 
B)  $6.10 
C)  $0 
D)  $11.25

Question 13

Accepted Answer

A)  $2.37 
B)  $4.37 
C)  $0.37 
D)  $3.39 
A)  $2.37 
B)  $4.37 
C)  $0.37 
D)  $3.39

Question 14

Accepted Answer

A)    
B)    
C)    
D)    
A)    
B)    
C)    
D)

Supply, Demand, Balancing Benefits, Costs, Principles and Preferences

From Demand to Welfare, Constraints, Choices, and Demand

Technology and Production

Cost

Choices Involving Time and Profit Maximization

Behavioral Economics, Choices Involving Strateg and Choices Involving Risk

Equilibrium and Efficiency

Market Intervention

Monopoly

Pricing Policies

Oligopoly

Externalities and Public Goods

Filters

Exam 9: General Equilibrium, Efficiency, and Equity

Supply, Demand, Balancing Benefits, Costs, Principles and Preferences

From Demand to Welfare, Constraints, Choices, and Demand

Technology and Production

Cost

Choices Involving Time and Profit Maximization

Behavioral Economics, Choices Involving Strateg and Choices Involving Risk

Equilibrium and Efficiency

Market Intervention

Monopoly

Pricing Policies

Oligopoly

Externalities and Public Goods

Filters