This topic contains a solution. Click here to go to the answer

Author Question: At the efficient level of production, ________. A) producer surplus must be greater than consumer ... (Read 53 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
At the efficient level of production, ________.
 
  A) producer surplus must be greater than consumer surplus
  B) consumer surplus must be greater than producer surplus
  C) there is no deadweight loss
  D) the market price is greater than the monopoly price

Question 2

In the above figure, by increasing its output from Q1 to Q2, the firm
 
  A) reduces its marginal revenue.
  B) increases its marginal revenue.
  C) decreases its profit.
  D) increases its profit.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Answer to Question 1

C

Answer to Question 2

D




biggirl4568

  • Member
  • Posts: 551
Reply 2 on: Jun 29, 2018
Wow, this really help


lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

For a complete list of videos, visit our video library