Please show your work and how you got your answers Please state whether each of
ID: 1129003 • Letter: P
Question
Please show your work and how you got your answers Please state whether each of the following state using a graph. All points will be awarded based on your justification. Only putting "true," alse." or ments is True, False or uncertain. Justify your answer "uncertain" will result in zero points. a) (10 points) Following immigration, economic welfare calculated including the welfare of immigrants is always greater than economic welfare calculated not including the welfare of the immigrants. two goods and puts Good X on the horizontal axis: Ir income is S100, the price of Good X is $4/unit, and the price of Good Y is $2/unit, the slope of the indifference curve at the optimum point is -1/2. e) (10 points d) (ao points) When Good X is an inferior good, an increase in the price of Good X always leads to a ) When Good X is a normal good, the demand curve for Good X is downward-sloping. decrease in the quantity demanded of Good X.Explanation / Answer
A true
B =100/2=50y and 100/4=25x mrs= - 50/25=-1/2
C true. Yes it is true
D false. It leads to increase in Al quantity demand