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

Author Question: Refer to Figure 9-3. What is the value of revenue to foreign producers who are granted permission to ... (Read 129 times)

asan beg

  • Hero Member
  • *****
  • Posts: 570
Refer to Figure 9-3. What is the value of revenue to foreign producers who are granted permission to sell in the U.S. market when there is a quota?
 
  A) 12 million B) 17.25 million C) 20 million D) 44 million

Question 2

Refer to Table 4-11. The equations above describe the demand and supply for Chef Ernie's Sushi-on-a-Stick. The equilibrium price and quantity for Chef Ernie's sushi are 60 and 20 thousand units.
 
  What is the value of economic surplus in this market?
  A) 300 thousand B) 600 thousand C) 1,200 thousand D) 1,600 thousand



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Natalie4ever

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

D

Answer to Question 2

A




asan beg

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
Excellent


Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Gracias!

 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

For a complete list of videos, visit our video library