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Author Question: The opportunity cost to a cab driver of taking the day off increases when A) it rains. B) more ... (Read 49 times)

rmenurse

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on: Jun 29, 2018
The opportunity cost to a cab driver of taking the day off increases when
 
  A) it rains.
  B) more cabs enter the business.
  C) the price of gasoline rises.
  D) the weather is so pleasant everyone prefers to walk.
  E) many other cabs are out on the streets.

Question 2

Refer to the figure above. What is the producer surplus when Lithasia engages in trade and the government imposes a tariff of 1 on chairs?
 
  A) 5
  B) 20
  C) 30
  D) 40


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yotaSR5

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

A

Answer to Question 2

B


rmenurse

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

softEldritch

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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