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Author Question: The diagram below shows supply, demand, and quantity exchanged of Monday matinee movie tickets. ... (Read 75 times)

poopoo

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on: Oct 12, 2022

The diagram below shows supply, demand, and quantity exchanged of Monday matinee movie tickets. Assume it is a perfectly competitive market.



FIGURE 12-4

Refer to Figure 12-4. If a disequilibrium price of $7.50 per movie ticket were imposed on this market, this market would not be allocatively efficient because
1) the sum of consumer and producer surplus would not be maximized;
2) the marginal benefit to consumers of the last movie consumed would be greater than the marginal cost to the seller;
3) the marginal cost to the seller of the last movie consumed would be more than the marginal benefit to consumers.


◦ 1 only
◦ 2 only
◦ 3 only
◦ 1 and 2
◦ 2 and 3
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by poopoo on Oct 12, 2022

RodrickHac

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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poopoo

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Reply 2 on: Oct 12, 2022
:D TYSM

gcook

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

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