Author Question: In the above figure, the total producer surplus at the efficient level of output is ________. A) ... (Read 131 times)

K@ · **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