The attempt to capture consumer surplus, producer surplus, or ...

[cookcarl]

The attempt to capture consumer surplus, producer surplus, or economic profit is called ________.
 
  A) a natural monopoly
  B) price discrimination
  C) rent seeking
  D) gouging

Question 2

Based on the above figure, for which of the following levels of output at Ike's Ice Cream Kitchen does the marginal product of labor exceed the average product of labor?
 
  A) at 10 gallons
  B) at 40 gallons
  C) at 70 gallons
  D) all of the above

[jointhecircus]

Answer to Question 1

C

Answer to Question 2

A

[cookcarl]

Thanks for the timely response, appreciate it

[diana chang]

Excellent