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Author Question: In the above figure, the total producer surplus at the efficient level of output is ________. A) ... (Read 83 times)

K@

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on: Jun 29, 2018
In the above figure, the total producer surplus at the efficient level of output is ________.
 
  A) 4.5 million
  B) 9.0 million
  C) 2.5 million
  D) 3.0 million

Question 2

Consider the budget line in the above figure. If the consumer has income of 240, what is the relative price of movies?
 
  A) .42 books
  B) 2.4 books
  C) 10 per movie
  D) 24 per movie


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snackralk

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

D

Answer to Question 2

A


K@

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

ghepp

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Reply 3 on: Yesterday
Wow, this really help

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