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Author Question: In the above figure, the second ton of wheat would be produced even though the producer surplus on ... (Read 42 times)

ahriuashd

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on: Jun 29, 2018
In the above figure, the second ton of wheat would be produced even though the producer surplus on it is zero if the price per ton of wheat was
 
  A) 25.
  B) 50.
  C) 75.
  D) 100.

Question 2

The figure above shows the housing market in the city of Appleville. A rent ceiling of 650 per month is imposed. With the rent ceiling, the deadweight loss in the Appleville housing market is
 
  A) zero.
  B) at least 15,000 per month.
  C) at most 7,500 per month.
  D) 300 units per month.


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Ksh22

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


ahriuashd

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Reply #2 on: Jun 29, 2018
Correct answers!


Ksh22

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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