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Author Question: The attempt to capture consumer surplus, producer surplus, or economic profit is called ________. ... (Read 135 times)

cookcarl

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on: Jun 29, 2018
The attempt to capture consumer surplus, producer surplus, or economic profit is called ________.
 
  A) a natural monopoly
  B) price discrimination
  C) rent seeking
  D) gouging

Question 2

Based on the above figure, for which of the following levels of output at Ike's Ice Cream Kitchen does the marginal product of labor exceed the average product of labor?
 
  A) at 10 gallons
  B) at 40 gallons
  C) at 70 gallons
  D) all of the above


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jointhecircus

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


cookcarl

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

kishoreddi

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Reply 3 on: Yesterday
Excellent

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