This topic contains a solution. Click here to go to the answer

Author Question: A lighthouse that serves a dangerous coastal area is built. The lighthouse cost 2 million to build ... (Read 57 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
A lighthouse that serves a dangerous coastal area is built. The lighthouse cost 2 million to build and serves 200 ships a month.
 
  If the shipping in the area increases so that 400 ships pass by a month, the increase in additional costs of providing the light to these new ships is A) 2 million.
  B) 10,000.
  C) 5,000.
  D) 0.

Question 2

Refer to the above figure. If a price ceiling of 3 was set
 
  A) the quantity sold would be 80 units.
  B) there would be a surplus of 40 units.
  C) there would be a shortage of 40 units.
  D) there would be a shortage of 20 units.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cclemon1

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

D

Answer to Question 2

D




BrownTown3

  • Member
  • Posts: 564
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

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?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

For a complete list of videos, visit our video library