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 96 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
Great answer, keep it coming :)

dyrone

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Cellular Transportation Methods Cellular Transportation Methods
The tools needed to diagnose a circuit containing a relay include a digital multimeter (DMM), a ... The tools needed to diagnose a circuit containing a relay include a digital multimeter (DMM), a ...
HLA genotyping by 2 different methods. HLA genotyping by 2 different methods.
Creating Trans Fatty Acids Hydrogenating, or adding hydrogen Creating Trans Fatty Acids Hydrogenating, or adding hydrogen
Birth Control Methods and Abortion Birth Control Methods and Abortion
Birth Control Methods and Abortion Birth Control Methods and Abortion
Video: Hypoglycemia Animation

For a complete list of videos, visit our video library