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eclasssrvualbertaca dmark httpseclasssrvualberta 1 youtube desmos graphing calcul bear...

Question: eclasssrvualbertaca dmark httpseclasssrvualberta 1 youtube desmos graphing calcul bear...

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eclass.srv.ualberta.ca dmark https://eclass.srv.ualberta (1) YouTube Desmos | Graphing Calcul Bear Department of Economics General office (Tory 8-14),. Note that the General Office is CLOSED daily from 12-1 pm and after 4:00 pm. Part 1: multiple choice (30 marks)5 marks each 1. Suppose that MU 10 and MU, 20. Further suppose that the consumers budget constraint can be expressed as 20x + 10y 400. For this consumer, the optimal amount of good x to buy would be a) 5 b) 0 c) 20 d) 40 e) 10 2. Suppose that the government imposes a S9 per unit tax on good X. Suppose also thatp of demand εο&P =-0.5 and price elasticity of supply εQS,P-oo . Based on thi which of the following statements about the incidence of this per unit tax is correct? a) Tax burden bn consume $6 , while the tax burden on the producer-S3 b) Tax burden on consumer- $3, while the tax burden on the producer- $6 c) Tax burden on consumer= $4.5 , while the tax burden on the producer-S45 ) Toy burden on consumer- so while the tax hurden on the producer $9

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