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

Author Question: Costs that are incurred when people engage in a trade A) are a waste of resources because they do ... (Read 93 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
Costs that are incurred when people engage in a trade
 
  A) are a waste of resources because they do not create benefits of equal or greater value.
  B) can be eliminated by substituting government regulation for voluntary exchange.
  C) reduce the amount of exchange that occurs.
  D) rise as the number of middlemen increases.

Question 2

If a seller's reservation value for a good is 10 and the price at which the good is sold is 15, his producer surplus is:
 
  A) 25.
  B) 150.
  C) 1.5.
  D) 5.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lorealeza

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Kthamas

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
:D TYSM

raenoj

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Atlantic Slave Trade, 1451–1870 Atlantic Slave Trade, 1451–1870
A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no
Pulp - Common People Pulp - Common People
Of four outcomes people can have after exposure to trauma, the most prevalent is resilience. Others, ... Of four outcomes people can have after exposure to trauma, the most prevalent is resilience. Others, ...
Typical box used for the disposal of bagged, sealed, and autoclaved biological waste. Typical box used for the disposal of bagged, sealed, and autoclaved biological waste.
The Excretory System Water and waste products from cells The Excretory System Water and waste products from cells
Video: Homologous chromosomes during prophase I - Animation

For a complete list of videos, visit our video library