Question 1
Use the following figure depicting demand, marginal revenue and marginal cost to answer the following question.
FIGURE 12-5
Refer to Figure 12-5. The reduction in consumer surplus due to a monopoly equilibrium compared to a perfectly competitive equilibrium is
◦ $15 000.
◦ $20 000.
◦ $25 000.
◦ $30 000.
◦ $35 000.
Question 2
Use the following figure depicting demand, marginal revenue and marginal cost to answer the following question.
FIGURE 12-5
Refer to Figure 12-5. The gain in producer surplus due to a monopoly equilibrium compared to a perfectly competitive equilibrium is
◦ $15 000.
◦ $20 000.
◦ $25 000.
◦ $30 000.
◦ $35 000.
The Increasing Cost of Health Care, 1960–2010
Thangka depicting Bhavacakra (Wheel of Life), Bhutan.
Figure-8s at the knuckles of the hand.
Human Figure
Answer