Carlos consumes only two goods, apples and bananas. His utility function is U(x, y) = a^3b^2. Before trade, his initial endowment is wa apples and wb bananas. After he trades to his optimal consumption point at these prices, the relative prices change. Carlos is allowed to make further trades if he wishes. a. Carlos will definitely be better off after the price change.
b. Carlos will be better off if the price of the good he was selling goes up and worse off if the price of the good he was selling goes down.
c. Carlos will be better off if the price of the good he was selling goes down and worse off if the price of the good he was selling goes up.
d. Carlos’s utility will not be affected by the change.

What is the most important factor that affects the value of a company? a) cash flow b) earnings c) supply and demand d) number of employees

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.