Economics! please HELP Select the BEST answer from the choices below.

1. Jeff wants to start a wildlife photography business. The government informs Jeff that wildlife photography is a frivolous business and does not benefit society. Instead, the government informs Jeff that he will take photos of train manufacturing for training programs.

What type of economic system does Jeff live in?

Command economy

Mixed economy

Market economy

Traditional economy

2. Select all that apply.

After the overthrow of capitalism, what did Marx see as the role of the new government?

Centralize the means of production.

Increase national production.

Transition to a government-free society.

Take control of transportation and communication services

3. What type of economy is this?:
90% of businesses are privately-owned.
Medical care for all individuals is free.
Parents, (both mothers and fathers) are guaranteed 12 months paid leave from work.
College education is free.
High tax rates. On average, half of a person’s income goes to taxes.

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?

The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?