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

Author Question: In a competitive market when there is no deadweight loss A) consumer surplus is minimized. B) ... (Read 202 times)

joe

  • Hero Member
  • *****
  • Posts: 627
In a competitive market when there is no deadweight loss
 
  A) consumer surplus is minimized.
  B) producer surplus is minimized.
  C) consumer surplus plus producer surplus is maximized.
  D) consumer surplus plus producer surplus is minimized.

Question 2

Refer to Table 9-2. Select the statement that accurately interprets the data in the table.
 
  A) Gabriel has a comparative advantage in baking pies and baking cakes.
  B) Gabriel has an absolute advantage in baking cakes.
  C) Gabriel has a comparative advantage in baking pies.
  D) Sarita has a comparative advantage in baking pies.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tashiedavis420

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

C

Answer to Question 2

C



joe

  • Hero Member
  • *****
  • Posts: 627


 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

For a complete list of videos, visit our video library