« previous next »

Author Question: If sanctions are imposed on buyers but NOT on sellers of an illegal good, then the equilibrium price ... (Read 103 times)

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
If sanctions are imposed on buyers but NOT on sellers of an illegal good, then the equilibrium price ________ and the equilibrium quantity ________.
 
  A) rises; increases
  B) rises; decreases
  C) falls; increases
  D) falls; decreases

Question 2

The above table gives some cost data for Peter's Pickles. Peter's fixed cost is 20. Average variable cost (AVC) is lowest when output is equal to
 
  A) 1 barrel of pickles.
  B) 2 barrels of pickles.
  C) 3 barrels of pickles.
  D) 4 barrels of pickles.


alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Jun 29, 2018
Correct answers!


alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
Vapour-liquid equilibrium acetone + water Vapour-liquid equilibrium acetone + water
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
Nuts are also a good source of dietary fibre Nuts are also a good source of dietary fibre
Too Much Alcohol Costs You Good Nutrition Too Much Alcohol Costs You Good Nutrition
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library