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

Author Question: Which of the following is true at the exchange equilibrium between two individuals? A) Their ... (Read 41 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
on: Jul 1, 2018
Which of the following is true at the exchange equilibrium between two individuals?
 
  A) Their marginal rates of substitution are equal.
  B) The slopes of the individuals' indifference curves are equal.
  C) Both individuals' marginal rates of substitution are equal to the ratio of the prices of the goods.
  D) A and B only
  E) A, B, and C are all true.

Question 2

Refer to Figure 9.4. If the government establishes a price floor of 40 and government purchases the surplus over quantity demanded, the resulting deadweight loss will be
 
  A) 15.
  B) 10 widgets.
  C) 1,050.
  D) 1,200.
  E) 2,400.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meltdown117

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

C


Evvie72

  • Member
  • Posts: 519
Reply 2 on: Jul 1, 2018
:D TYSM

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Cation binding and exchange. Cation binding and exchange.
Female individuals of the banded Uromastyx, Uromastyx flavofasciata, are different colours. Most nat Female individuals of the banded Uromastyx, Uromastyx flavofasciata, are different colours. Most nat
A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
The nuclear envelope is studded with pores, which allow exchange of materials The nuclear envelope is studded with pores, which allow exchange of materials
Consequences of a double exchange occurring between two nonsister chromatids Consequences of a double exchange occurring between two nonsister chromatids
Video: Attention Deficit Disorder (ADD)

For a complete list of videos, visit our video library