This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Rent seeking ________. A) increases consumer surplus B) occurs only when the firm practices ... (Read 65 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jun 29, 2018
Rent seeking ________.
 
  A) increases consumer surplus
  B) occurs only when the firm practices perfect price discrimination
  C) increases deadweight loss
  D) results in a larger output than a competitive industry would produce

Question 2

When the consumer is at his or her best affordable consumption point, it is the case that the marginal rate of substitution is
 
  A) greater than the price ratio.
  B) equal to the price ratio.
  C) less than the price ratio.
  D) maximized.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

popopong

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Hungry!

  • Member
  • Posts: 1,071
Reply 2 on: Jun 29, 2018
Gracias!

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Erythroblastosis fetalis. (a) The condition occurs with an RH+ father and RH– mother. (b) First preg Erythroblastosis fetalis. (a) The condition occurs with an RH+ father and RH– mother. (b) First preg
Functional MRI Scans These scans of human brains show localized average increases in neural activity Functional MRI Scans These scans of human brains show localized average increases in neural activity
Effect of Inactivation of the Insula on Reinstatement of Drug-Seeking Behavior in Rats Effect of Inactivation of the Insula on Reinstatement of Drug-Seeking Behavior in Rats
Chlamydospore or spherule that occurs at body temperature. Chlamydospore or spherule that occurs at body temperature.
Biosynthesis of methionine and threonine from homoserine, as it occurs in plants and bacteria Biosynthesis of methionine and threonine from homoserine, as it occurs in plants and bacteria
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library