This topic contains a solution. Click here to go to the answer

Author Question: In the above figure, what is the total consumer surplus from all the milk bought if the price of ... (Read 125 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

C

Answer to Question 2

C





 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

For a complete list of videos, visit our video library