This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the above figure, the total producer surplus at the efficient level of output is ________. A) ... (Read 141 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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

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

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The FDA recognizes 118 routes of administration.

Total hip prosthesis. Total hip prosthesis.
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
The level of future emissions is closely linked to the rate of population growth The level of future emissions is closely linked to the rate of population growth
The quaternary level of protein structure as seen in hemoglobin The quaternary level of protein structure as seen in hemoglobin
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Swimming Pool (Figure 3.1) Swimming Pool (Figure 3.1)
Video: Non-polar compounds - insolubility

For a complete list of videos, visit our video library