Author Question: In the above figure, of the quantities listed below, for which is the total deadweight loss the ... (Read 181 times)

melina_rosy · **on:** Jun 29, 2018

In the above figure, of the quantities listed below, for which is the total deadweight loss the largest?

A) 0 units
B) 10 units
C) 20 units
D) 30 units

Question 2

A perfectly competitive firm will shut down rather than produce if its

A) price is less than average variable cost.
B) price is less than total variable cost.
C) total revenue is less than total cost.
D) price is less than marginal cost.