« previous next »

Author Question: Sammy has a drone that he values at 1,500. Frank values the same drone at 1,000. The government ... (Read 81 times)

daltonest1984

  • Hero Member
  • *****
  • Posts: 536
on: Jun 29, 2018
Sammy has a drone that he values at 1,500. Frank values the same drone at 1,000. The government offers a subsidy of 800 to the buyers of drones, and Sammy and Frank agree on a price of 1,600. The subsidy creates a deadweight loss of
 
  A) 0
  B) 200
  C) 500.
  D) 800.

Question 2

A major principle of economics is that people respond to incentives.
 
  Indicate whether the statement is true or false


jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

daltonest1984

  • Hero Member
  • *****
  • Posts: 536
Reply #2 on: Jun 29, 2018
Correct answers!


jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
Pat Gorman and Frank Olinsky, Manhattan Design, Three logos for MTV. Pat Gorman and Frank Olinsky, Manhattan Design, Three logos for MTV.
Sulfur Compounds and their PH values Sulfur Compounds and their PH values
How to graph line equations without a table of values How to graph line equations without a table of values
The Dietary Reference Intakes Are Reference Values for Each Nutrient The Dietary Reference Intakes Are Reference Values for Each Nutrient
Selected Broad Sense Heritability (H2) Values from Human Twin Studies Selected Broad Sense Heritability (H2) Values from Human Twin Studies
Video: ribosome

For a complete list of videos, visit our video library