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Author Question: Refer to Figure 9.7. Before the policy was implemented, consumer surplus was A) 30. B) 60. C) ... (Read 55 times)

Coya19@aol.com

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on: Jul 1, 2018
Refer to Figure 9.7. Before the policy was implemented, consumer surplus was
 
  A) 30.
  B) 60.
  C) 45,000.
  D) 90,000.
  E) 180,000.

Question 2

A variable cost function of the form: VC = 23 + Q + 7Q2 implies a marginal cost curve that is
 
  A) linear.
  B) downward sloping.
  C) U-shaped.
  D) quadratic.


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ciecieme

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


Coya19@aol.com

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  • Posts: 601
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

strudel15

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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