https://app.sophia.org/spcc/microeconomics-3-milestone-1-1/1 New Tab https://www.prome... Ads by Google New Tab Cave Update Your Accou VIP Securit UNIT 1 - MILESTONE 1 1 2 : At a market price of $0.75, a units exists. Buyers will tend to the price until it reaches Price per Apple $2.00 Supply $1.75 $1.50 $1.25 $1.00 At any price $0.75 below $1.00 per apple, the $0.50 market is out of-equilibrium. $0.25 Demand 0 1 2 3 4 5 6 7 Quantity of Apples (in thousands of bushels) O surplus; 2,000; lower: $1.00 O shortage; 2,000; bid up; $1.00 O surplus; 1,000; bid up; $0.50 shortage; 1,000; lower; $0.50 PDF Milestone_4_Micro....pdf GDF My_Answers_F DF Sophia_Microecon....pdf GDP Sophia_Microecon....pdf O search 1 76.F Great SunsetC D https://app.sophia.org/spec/microeconomics-3-milestone-1-1/ New Tab https://www.prome.. () Ads by Google 5 New Tab pdate Your AccouvIP Security UNIT 1 - MILESTONE 1 1 2 3 WUesLIUII 4 Which point or points in the following Production Possibilities Model represent(s) the current maximum production possibilities given our resource constraints? Number of Snow Blowers 2000 A 1500 B 1000 500 Production Possibilities E Curve O 300 600 900 1200 Number of Swimming Pools O Points, A, B, and E Points W and Z Only Point B https://app.sophia.org/spec/microeconomics-3-milestone-1-1/2# 3 Sophia_Microecon...pdf RDP Sophia_Microecon....pdf PDF Milestone_4_Micro....pdf GOF My_Answers_Fina W 76 F Sunset O Search10505050 050 0 0 06 0 6 3 3 3 3 3 6 6 7 1 1 1 31 1 16 1 13 3 3 3 3 3 3 3 3 43 43) https://app.sophia.org/spec/microeconomics-3-milestone-1-1/B New Tab https:/www.prome... Ads by Google 5 New Tab Save Update Your Accou VIP Security UNIT 1 - MILESTONE 1 1 2 3 wuesun s _ mark uns quesuun Which situation below best describes the horizontal supply curve in this graph? Price of Labor hs Price: $10.00 Supply Quantity of Labor O The price remains constant only at low quantities of workers. O Not every supplier needs to pay $10.00 per hour. The minimum wage is fixed at $10.00 per hour. The Law of Supply applies to this example. Sophia_Microecon.pdf GDF Sophia_Microecon....pdf con Milestone 4 Micro....pdf GOF My_Answers_Final_ 1 76 F Sunset SearchC https://app.sophia.org/spcc/microeconomics-3-m. stone-1-1/4 New Tab P https://www.prome. Ads by Google New Tab Save Update Your Accou UNIT 1 - MILESTONE 1 Question 4 Which of the following is an example of microeconomics? A study showing how fast the U.S. economy is growing O A study analyzing a nation's unemployment rate O A study that analyzes the re asons why one nation's economy has grown faster than another nation's economy O A study of a consumer's reactions to changes s in the price of gasoline SAVE & CONTINUE Report an issue with this questic Sophia_Microecon....pdf FRI Sophia_ Microecon....pdf ton Milestone_4_Micro...pdf My Answ atly sunnyUpdate Your Accou Ads by Google New Tab . Save New Tab https://www.prome. UNIT 1 - MILESTONE 1 The graph below depicts a government intervention of a minimum price for labor of $9.00 per hour. What is the value now for the deadweight loss in this market? Price (wage per hour) $11.00 Consumer Supply Surplus $10.00 $9.00 Minimum Price Deadweight Loss $8.00 $7.00 $6.00 $5.00 $4.00 Demand O 6 Quantity of Workers (in millions) $1.5 million $3.0 million $6.0 million TOP Sophia_Microecon....pdf Sophia_Microecon....pdf [on Milestone_4_Micro...pdf EOF My_Ans 1 76 Mostly sunnyhttps://app.sophia.org/spcc/microeconomics-3-milestone-1 New Tab https://www.prome... @ Ads by Google New Tab Update Your Account. UNIT 1 - MILESTONE 1 Which of the following best explains what happened? Price $3.00 Supply $2.75 $2.50 $2.25 $2.00 $1.75 $1.50 D B $1.25 Demand 0 10 20 30 40 50 Quantity O The price of the product decreased. O The demand decreased. The demand increased. The price of the product increased For Sophia_Microecon....pdf GOD Sophia Microecon....pdf GOT Milestone_4_Micro....pdf LET My_Answe 76 F Mostly sunny O searchC D https://app.sophia.org/spec/microeconomics-3-milestone-1-1/9 New Tab https://www.prome... Ads by Google New Tab @ Save Update Your Accou VIP Security UNIT 1 - MILESTONE 1 1 2 3 Question 9 Mark this question You purchase a drink from your local convenience store, the price is excellent, and you really enjoy the drink. The convenience store receives a sale and hopes that they have a regular customer. Which of the six core principles of the economic way of thinking does this illustrate? People Make Choices The Consequences of Choices Lie in the Future O All Choices Involve Costs O People Gain When There is Voluntary Trade SAVE & CONTINUE Report an issue with this question DE Sophia_Microecon....pdf Sophia_Microecon....pdf hon Milestone 4_Micro...pdf of My_Answers_Final_.CD https://app.sophia.org/spcc/microeconomics-3-milestone-1-1/12 Ads by Google New Tab Save Update Your Accou New Tab https://www.prome. UNIT 1 - MILESTONE 1