Author Question: The figure above shows the demand for and costs of producing Charlene's Chocolates. If Charlene's ... (Read 115 times)

penza

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The figure above shows the demand for and costs of producing Charlene's Chocolates. If Charlene's Chocolates is a monopoly that charges one price to all customers, then consumer surplus is ________ and it creates a deadweight loss of ________.
 
  A) 800; 400
  B) 200; 100
  C) 400; 200
  D) 0; 200

Question 2

In the figure above, if a tax is imposed that generates an efficient allocation of resources, then consumers will pay a price of
 
  A) 250 per unit.
  B) 200 per unit.
  C) 150 per unit.
  D) 100 per unit.



jessofishing

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Answer to Question 1

C

Answer to Question 2

B



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