Refer to Figure 4-5. What area represents the deadweight loss ...

[justinmsk]

Refer to Figure 4-5. What area represents the deadweight loss after the imposition of the ceiling?
 
  A) C + E + J + H B) C + E C) G + H D) J + H

Question 2

Refer to Figure 2-9. What is the opportunity cost of producing 1 popsicle in Greenland?
 
  A) 2/3 of a snow cone B) 5/6 of a snow cone C) 1 1/5 snow cones D) 240 snow cones

[mrphibs]

Answer to Question 1

B

Answer to Question 2

C