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

Author Question: Due to a recession, Hostess Bakeries found that the demand for its products decreased. The demand ... (Read 94 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
on: Jun 29, 2018
Due to a recession, Hostess Bakeries found that the demand for its products decreased. The demand for products ________ the demand for bakers and ________ the equilibrium wage rate paid to bakers.
 
  A) increased; raised
  B) decreased; raised
  C) increased; lowered
  D) decreased; lowered

Question 2

The above figure illustrates a single-price unregulated monopolist. If the monopolist maximizes its profit, the consumer surplus equals ________.
 
  A) 20,000
  B) 10,000
  C) 45,000
  D) 40,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fromAlphatoOmega22

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


tiffannnnyyyyyy

  • Member
  • Posts: 512
Reply 2 on: Jun 29, 2018
Excellent

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

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?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Asymmetrical localization of gene products during egg development in Drosophila Asymmetrical localization of gene products during egg development in Drosophila
The skull of a wild boar found at Lan Lo Au, Hoi Ha Wan Marine Park, Hong Kong The skull of a wild boar found at Lan Lo Au, Hoi Ha Wan Marine Park, Hong Kong
Products of the Root's Primary Meristems Products of the Root's Primary Meristems
Decreased Activation of the Subgenual ACC After a Variety of Successful Treatments for Depression Decreased Activation of the Subgenual ACC After a Variety of Successful Treatments for Depression
Sex Hormone Products Sex Hormone Products
Sex Hormone Products Sex Hormone Products
Video: Body plan of euglena Animation

For a complete list of videos, visit our video library