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

Author Question: A deadweight loss occurs whenever A) the total benefit of a good does not equal its total cost. ... (Read 75 times)

gonzo233

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
A deadweight loss occurs whenever
 
  A) the total benefit of a good does not equal its total cost.
  B) the marginal social benefit of a good does not equal its marginal social cost.
  C) there is perfect price discrimination.
  D) there is no consumer surplus.

Question 2

All points below a given indifference curve are
 
  A) less preferred to any point on the indifference curve.
  B) preferred to any point on the indifference curve.
  C) definitely affordable.
  D) Both answers A and C are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Madisongo23

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


gonzo233

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
:D TYSM

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Compression Occurs in vertebrae subjected to extreme stresses, as when one falls and lands on his or Compression Occurs in vertebrae subjected to extreme stresses, as when one falls and lands on his or
A Total Eclipse of the Sun A Total Eclipse of the Sun
Development encompasses both gains and losses. Sometimes a health crisis (loss) can result in a heal Development encompasses both gains and losses. Sometimes a health crisis (loss) can result in a heal
Invasive species and the biodiversity loss Invasive species and the biodiversity loss
Infant formula is available in several forms and varies in cost and ingredients Infant formula is available in several forms and varies in cost and ingredients
Video: Genetic terms Animation

For a complete list of videos, visit our video library