FINAL EXAM Part 1: True/False (2 points each, 18 points total). Note: 2 points f
ID: 1123767 • Letter: F
Question
FINAL EXAM Part 1: True/False (2 points each, 18 points total). Note: 2 points for PRINTING your TF 1. TF 2 TF3 In the formula for Bayes Theorem, if the w-probability is greater than zero then the a-probably is less than the b-probability. If people drop out of the labor force because they stop looking for jobs, then the unemployment rate will fall. Running the price clock in a Dutch auction once will produce higher observed prices compared to running the clock twice. TF 4. If losers pay winners in a sealed bid auction, then they will eventually be willing to bid up to 75 percent more than the winning prize. TF 5 With only one seller in a double auction market, prices will tend to move upward toward the monopoly price. TF6. Adjusting the concentration of sweet versus sour enabled rats to have a large negative income effect for sour water. T F 7. A sales tax on large luxury boats will impact the buyers more than the sellers of these boats; causing the buyers to pay more than half the cost of the sales tax. Government regulation enabled citizens' average income to increase over 30 times since the start of the United States. TF8. Suppose income taxes rise only on incomes over $250,000 annually. Then your after-tax income will be unaffected if your annual income is only $100,000. TF 9.Explanation / Answer
1. False the A's probability is not less than the B's Probability.
2. False, because if they drop out from labor force the unemployement rate will increase not it be decrease.
3. True, because it will produce high price in dutch auction as we compare with running clock twice.
4. True, as it should be eventually be 75% more than the winning price.
5. False, as it doesn't create any situation which the above tells.
6. True, that the income produce the negative impact in large sour of water.
7. False, the buyer doesn't to pay more than the half the cost of the sales tax.
8. True, as the regulations made by govt to increase over 30 times the average income.
9. True, as the income tax arise $2,50,000 and the after tax income is $1,00,000. So it doesn't affect the annual income.
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