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Author Question: In the above figure, the firm is breaking even at points A) a and c. B) b and d. C) c and d. ... (Read 34 times)

Themember4

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on: Jun 29, 2018
In the above figure, the firm is breaking even at points
 
  A) a and c.
  B) b and d.
  C) c and d.
  D) a and d.

Question 2

During the first 6 months of 2008, the United States imported more than 1.6 billion pounds of coffee. Suppose the United States is considering placing trade restrictions on the importation of coffee.
 
  What would be a potential consequence of such a trade restriction? A) The U.S. price of coffee would increase.
  B) U.S. consumers would drink more coffee.
  C) The quantity of coffee imported into the United States would increase.
  D) U.S. consumer surplus from coffee would increase.


elyse44

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

B

Answer to Question 2

A


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