Author Question: The figure above shows the demand for and costs of producing Charlene's Chocolates. If Charlene's ... (Read 122 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
The figure above shows the demand for and costs of producing Charlene's Chocolates. If Charlene's Chocolates is a monopoly that charges one price to all customers, then consumer surplus is ________ and it creates a deadweight loss of ________.
 
  A) 800; 400
  B) 200; 100
  C) 400; 200
  D) 0; 200

Question 2

In the figure above, if a tax is imposed that generates an efficient allocation of resources, then consumers will pay a price of
 
  A) 250 per unit.
  B) 200 per unit.
  C) 150 per unit.
  D) 100 per unit.



jessofishing

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

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.

For a complete list of videos, visit our video library