This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Methods of rent seeking include which of the following? I. Buying a monopoly II. Creating a monopoly ... (Read 109 times)

ts19998

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
Methods of rent seeking include which of the following? I. Buying a monopoly II. Creating a monopoly III. Price discrimination
 
  A) I and II
  B) I and III
  C) II and III
  D) III only

Question 2

The figure above shows the market supply curve for pizzas. a) What is the marginal social cost of the 20th pizza? b) What is the minimum supply price of the 20th pizza? c) If the price is 6 per pizza, what is the producer surplus for the 20th
 
  pizza? d) If the price is 6 per pizza, what is the total producer surplus? e) If the price is 8 per pizza, what is the total producer surplus? f) If the price is 10 per pizza, what is the total producer surplus?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

a) The marginal cost of the 20th pizza is 6.
b) The minimum supply price of the 20th pizza is 6.
c) If the price is 6 per pizza, the producer surplus for the 20th pizza is zero.
d) If the price is 6 per pizza, the total producer surplus is 20.
e) If the price is 8 per pizza, the total producer surplus is 80.
f) If the price is 10 per pizza, the total producer surplus is 180.


ts19998

  • Member
  • Posts: 531
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

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

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Breast Palpation Methods, Wedge Breast Palpation Methods, Wedge
Emphysema. (a) Illustration comparing normal lungs and emphysemic lungs. The inserts illustrate how Emphysema. (a) Illustration comparing normal lungs and emphysemic lungs. The inserts illustrate how
Effect of Inactivation of the Insula on Reinstatement of Drug-Seeking Behavior in Rats Effect of Inactivation of the Insula on Reinstatement of Drug-Seeking Behavior in Rats
The research methods that sociologists choose depend partially on the questions they want to answer. ... The research methods that sociologists choose depend partially on the questions they want to answer. ...
Disinfection Methods Disinfection Methods
Degree Ranges for Hydrotherapy and Temperature Therapy Methods from Cold to Hot Applications Degree Ranges for Hydrotherapy and Temperature Therapy Methods from Cold to Hot Applications
Video: Gastrin (protein digestion)

For a complete list of videos, visit our video library