« previous next »

Author Question: In a competitive market when there is no deadweight loss, A) consumer surplus is minimized. B) ... (Read 152 times)

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
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 Figure 2-8. What is the opportunity cost of producing 1 ton of pineapples in Costa Rica?
 
  A) 3/8 of a ton of coconuts B) 2/3 of a ton of coconuts
  C) 1 1/2 tons of coconuts D) 100 tons of coconuts


johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

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.

Terrestrial plants and animals can be characterized by analogous pathways for water gain and loss. Terrestrial plants and animals can be characterized by analogous pathways for water gain and loss.
Water Loss Through Evaporation Water Loss Through Evaporation
Annual Federal Deficit (or Surplus), 1992–2016 Annual Federal Deficit (or Surplus), 1992–2016
Structural MRIs reveal cortical loss in adolescent patients with schizophrenia. Here dark blue ... Structural MRIs reveal cortical loss in adolescent patients with schizophrenia. Here dark blue ...
Tornado Destruction - Loss of Life Tornado Destruction - Loss of Life
Loud Music and Hearing Loss Loud Music and Hearing Loss
Video: Stomach peristalsis - Movement of Food Through the Small Intestine

For a complete list of videos, visit our video library