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Author Question: Refer to the figure above. What does the region ABCPe denote? A) Economic profit B) Loss ... (Read 42 times)

melly21297

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on: Jun 29, 2018
Refer to the figure above. What does the region ABCPe denote?
 
  A) Economic profit
  B) Loss incurred by the producer
  C) Consumer surplus
  D) Deadweight loss

Question 2

The goal of a seller is primarily to:
 
  A) maximize sales.
  B) maximize profits.
  C) minimize costs.
  D) minimize consumer surplus.


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blakeserpa

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

B

Answer to Question 2

B


melly21297

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Reply 2 on: Jun 29, 2018
Gracias!

scottmt

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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