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Author Question: A lighthouse that serves a dangerous coastal area is built. The lighthouse cost 2 million to build ... (Read 99 times)

BrownTown3

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on: Jun 29, 2018
A lighthouse that serves a dangerous coastal area is built. The lighthouse cost 2 million to build and serves 200 ships a month.
 
  If the shipping in the area increases so that 400 ships pass by a month, the increase in additional costs of providing the light to these new ships is A) 2 million.
  B) 10,000.
  C) 5,000.
  D) 0.

Question 2

Refer to the above figure. If a price ceiling of 3 was set
 
  A) the quantity sold would be 80 units.
  B) there would be a surplus of 40 units.
  C) there would be a shortage of 40 units.
  D) there would be a shortage of 20 units.


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cclemon1

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


BrownTown3

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Reply 2 on: Jun 29, 2018
Gracias!

adf223

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Reply 3 on: Yesterday
Excellent

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