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Author Question: Due to a recession, Hostess Bakeries found that the demand for its products decreased. The demand ... (Read 97 times)

tiffannnnyyyyyy

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on: Jun 29, 2018
Due to a recession, Hostess Bakeries found that the demand for its products decreased. The demand for products ________ the demand for bakers and ________ the equilibrium wage rate paid to bakers.
 
  A) increased; raised
  B) decreased; raised
  C) increased; lowered
  D) decreased; lowered

Question 2

The above figure illustrates a single-price unregulated monopolist. If the monopolist maximizes its profit, the consumer surplus equals ________.
 
  A) 20,000
  B) 10,000
  C) 45,000
  D) 40,000


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fromAlphatoOmega22

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

D

Answer to Question 2

A


tiffannnnyyyyyy

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

peter

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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