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Author Question: The difference between the ________ and the ________ from the sale of a product is called producer ... (Read 26 times)

joesmith1212

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on: Jun 29, 2018
The difference between the ________ and the ________ from the sale of a product is called producer surplus.
 
  A) highest price a firm would have been willing to accept; lowest price it was willing to accept
  B) cost to produce a product; profit received
  C) lowest price a firm would have been willing to accept; price it actually receives
  D) cost to produce a product; price a firm actually receives

Question 2

Suppose a hurricane decreased the supply of oranges so that the price of oranges rose from 120 a ton to 180 a ton and quantity sold decreased from 800 tons to 240 tons. What is the absolute value of the price elasticity of demand?
 
  A) 0.11 B) 0.37 C) 2.69 D) 9.33
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shailee

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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joesmith1212

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

emsimon14

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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