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Author Question: In a competitive market when there is no deadweight loss, A) consumer surplus is minimized. B) ... (Read 149 times)

jlmhmf

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on: Jun 29, 2018
In a competitive market when there is no deadweight loss,
 
  A) consumer surplus is minimized.
  B) producer surplus is minimized.
  C) consumer surplus plus producer surplus is maximized.
  D) consumer surplus plus producer surplus is minimized.

Question 2

Refer to Figure 2-8. What is the opportunity cost of producing 1 ton of pineapples in Costa Rica?
 
  A) 3/8 of a ton of coconuts B) 2/3 of a ton of coconuts
  C) 1 1/2 tons of coconuts D) 100 tons of coconuts


johnpizzaz

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

C

Answer to Question 2

C


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