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Author Question: Refer to Figure 4-6. What area represents producer surplus at the equilibrium price of P1? A) A + ... (Read 123 times)

Wadzanai

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on: Jun 29, 2018
Refer to Figure 4-6. What area represents producer surplus at the equilibrium price of P1?
 
  A) A + B + C + D + E B) A + B + D C) D + E D) D + E + G + H

Question 2

Explain what social overhead capital is.
 
  What will be an ideal response?


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rekilledagain

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

C

Answer to Question 2

This is represented by basic infrastructure projects such as roads, power generation, and irrigation systems.


Wadzanai

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Joy Chen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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