QUESTION 1 A class society exists if producers of the surplus product do not control it. True False

Refer to the table below. (2) Minimum Acceptable (1) Person Price Carlos Courtney Chuck Cindy Craig Chad $ 3 4 5 6 7 8 (3) Actual Price (Equilibrium Price) $7 7 7 7 7 7 If the six people listed in the table are the only producers in the market, and the equilibrium price is $7, how much producer surplus will the market generate? Instructions: Enter your answer as a whole number. Total producer surplus = $

Solve part d and e

The Invisible Hand Can Park Your Car”. Discuss the law of supply and demand and price effects on producer surplus relate to the trial policy described in the article. how the principles of economics can be seen at work in the article. The role that technology and data play in the policy

24 I will pay my 10-year old son 50 cents to wash the car, mow the lawn, cut down the weeds, take out the trash, pain the entire house, and clean out the filthy 1500 square foor garage. My son does all this work for .50 cents. Conclusion: Standard free market economic theory would say this is "unfair" Mutiple Choce Ea your a terrble dad and you lso volated the ness doctine of vandard eonome theory True. Sandand microeconomie theory says eis activity volmes the caculton ef socel Mice Tis activity voletes the ity.Caloution. Theory developed by Aoam Smth Pasite fconomics dont get volvedn aimess ues 24 of 70 Mc Graw Hil School-atel Pix 2021 Practive P Expmple LSM Sc.

Alain Bertaud uses the example of Paris to explain how regulations can distort land prices. What is the regulation used in Paris and how did this impact the residential housing market in Paris?