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Author Question: Efficiency in ProductionThe graph shows the demand curve (D), the supply curve (S), and the marginal ... (Read 743 times)

vowens

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on: Nov 23, 2022

Question 1

Efficiency in Consumption

The graph shows the market for bao buns.
 
Assume that the area of A=50, B=70, C=15, D=65, E=20, F=65, and G=30. What is total surplus at P4? At the efficient price and quantity, what is total surplus?
◦ $215, $315
◦ $250, $285
◦ $50, $135
◦ $200, $150

Question 2

Efficiency in Production

The graph shows the demand curve (D), the supply curve (S), and the marginal cost curve (MC) for a firm that is a monopsony in the labor market.
 
Assume that P1=$5.75, P2=$16, P3=$25.25, Q1=125, Q2=230, Q3=330. What is the profit-maximizing wage for the monopsony? What is the deadweight loss?
Please round your final answer to two decimal places.
◦ $25.25, $1,998.75
◦ $5.75, $1,998.75
◦ $25.25, $1,023.75
◦ $5.75, $1,023.75
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by vowens on Nov 23, 2022

studyforce.com

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Reply #1 on: Nov 23, 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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vowens

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

Animal_Goddess

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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