A cable company can add a subscriber for ________ and a market failure occurs because the price charged ________.
A) nearly zero marginal cost; exceeds marginal cost
B) less than average cost; reduces consumer surplus
C) nearly zero marginal cost; is extortionist
D) average variable cost; increases producer surplus
Question 2
The above figure shows the market for rice in Japan. SDomestic represents the domestic supply curve, and Sworld represents the world supply curve. An import quota of 35 units would
A) cause consumer surplus to fall by g.
B) cause social welfare to fall by 35.
C) increase domestic producer surplus by g.
D) have no effect.
Greenstick Only one side of the shaft is broken, and the other is bent (like a greenstick); usually
Hip Typically occurs as a result of a fall; with osteoporosis, hip fractures can occur as a result o
Varicosis. (a) Varicose veins develop due to the failure of valves in the superficial veins of the l
Right sided heart failure
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Christian Gladu, The Bungalow Company, The Birch, North Town Woods, Bainbridge