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Author Question: In the above figure, what is the total consumer surplus from all the milk bought if the price of ... (Read 110 times)

SO00

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on: Jun 29, 2018
In the above figure, what is the total consumer surplus from all the milk bought if the price of milk is 3.00 per gallon?
 
  A) 16 million
  B) 12 million
  C) 4 million
  D) 2 million

Question 2

The above table shows production combinations on a country's production possibilities frontier. Which of the following is an example of a point that is unattainable?
 
  A) 0 units of good X and 40 units of good Y
  B) 6 units of good X and 28 units of good Y
  C) 10 units of good X and 16 units of good Y
  D) 3 units of good X and 35 units of good Y


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CourtneyCNorton

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

C

Answer to Question 2

C


SO00

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Reply #2 on: Jun 29, 2018
Thank you


CourtneyCNorton

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Reply #3 on: Jun 29, 2018
No problemo


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