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

Author Question: Producer surplus is the: A) sum of a seller's reservation value and the price he finally ... (Read 90 times)

pragya sharda

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
Producer surplus is the:
 
  A) sum of a seller's reservation value and the price he finally receives.
  B) difference between a seller's reservation value and the price he finally receives.
  C) product of a seller's reservation value and the price he finally receives.
  D) ratio of a seller's reservation value to the price he finally receives.

Question 2

Which of the following is an important difference between police protection and food and explains why one is commonly provided by government while the other is not?
 
  A) Food can easily be withheld from people who don't pay for it.
  B) Food is not a traditional concern of government.
  C) Food is too vital to be entrusted to government.
  D) Food producers form a powerful political lobby.
  E) Food provided through government would be inefficient.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


pragya sharda

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
Gracias!

AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Endotracheal intubation. First, a lighted scope is used to identify the trachea from the esophagus. Endotracheal intubation. First, a lighted scope is used to identify the trachea from the esophagus.
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
US federal budget deficit/surplus and debt US federal budget deficit/surplus and debt
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Epidural Hematoma

For a complete list of videos, visit our video library