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Author Question: Refer to Figure 9.7. After the policy was implemented, price became A) 10. B) 30. C) 50. D) ... (Read 58 times)

dejastew

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Refer to Figure 9.7. After the policy was implemented, price became
 
  A) 10.
  B) 30.
  C) 50.
  D) 70.
  E) between 50 and 70, but the price is uncertain because quantity can be any amount between 2000 and 4000.

Question 2

See Scenario 4.1. What quantity Qc will maximize Daniel's utility given the information above?
 
  A) 0
  B) 24
  C) 40
  D) 60
  E) none of the above



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janieazgirl

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Answer to Question 1

C

Answer to Question 2

C




dejastew

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)


cpetit11

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Reply 3 on: Yesterday
Gracias!

 

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