This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Producer surplus is the: A) sum of a seller's reservation value and the price he finally ... (Read 30 times)

pragya sharda

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
Producer surplus is the:
 
  A) sum of a seller's reservation value and the price he finally receives.
  B) difference between a seller's reservation value and the price he finally receives.
  C) product of a seller's reservation value and the price he finally receives.
  D) ratio of a seller's reservation value to the price he finally receives.

Question 2

Which of the following is an important difference between police protection and food and explains why one is commonly provided by government while the other is not?
 
  A) Food can easily be withheld from people who don't pay for it.
  B) Food is not a traditional concern of government.
  C) Food is too vital to be entrusted to government.
  D) Food producers form a powerful political lobby.
  E) Food provided through government would be inefficient.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


pragya sharda

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
Excellent

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
We lost the 6th book in the series. After two months, we finally found it. We lost the 6th book in the series. After two months, we finally found it.
Video: Bacteriophage (Virus) - Mice Experiment

For a complete list of videos, visit our video library