[Answered] In the above figure, the total producer surplus at the efficient level of output is _______

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Author Question: In the above figure, the total producer surplus at the efficient level of output is ________. A) ... (Read 92 times)

K@

Hero Member
Posts: 608

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

Sr. Member
Posts: 363

Reply #1 on: Jun 29, 2018

Answer to Question 1

D

Answer to Question 2

A

K@

Member
Posts: 608

Reply 2 on: Jun 29, 2018

Thanks for the timely response, appreciate it

Dominic

Member
Posts: 328

Reply 3 on: Yesterday

TYSM

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Author Question: In the above figure, the total producer surplus at the efficient level of output is ________. A) ... (Read 92 times)

K@

In the above figure, the total producer surplus at the efficient level of output is ________. A) ...

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Need homework help now?

snackralk

In the above figure, the total producer surplus at the efficient level of output is ________. A) ...

K@

Dominic