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

Author Question: A deadweight loss of consumer and/or producer surplus occurs when a. producers fail to maximize ... (Read 69 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
on: Jul 1, 2018
A deadweight loss of consumer and/or producer surplus occurs when
 a. producers fail to maximize profits.
  b. mutually beneficial transactions cannot be completed.
  c. consumers do not maximize their utility.
  d. the price of inputs increases.

Question 2

Suppose there are 100 firms each with a short run total cost of STC = q2 + q + 10, so that marginal cost is MC = 2q +1 . If market demand is given by QD = 1050  50P, how much will be produced in the market?
 a. 300
  b. 400
  c. 500
  d. 600


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aloop

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


aabwk4

  • Hero Member
  • *****
  • Posts: 593
Reply #2 on: Jul 1, 2018
Thank you


aloop

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Hiatal hernia. (a) The hernia occurs when the stomach protrudes through the diaphragm and into the t Hiatal hernia. (a) The hernia occurs when the stomach protrudes through the diaphragm and into the t
Breast cancer. Notice the tumor growing within a lactiferous gland, which occurs in infiltrating duc Breast cancer. Notice the tumor growing within a lactiferous gland, which occurs in infiltrating duc
From Farm to Consumer From Farm to Consumer
Heat Loss by the Body Heat Loss by the Body
Loss of a Shoot Tip Ends Dormancy in Lateral Buds Loss of a Shoot Tip Ends Dormancy in Lateral Buds
Comparison of loss- and gain-of-function alleles Comparison of loss- and gain-of-function alleles
Video: Muscular System Animation

For a complete list of videos, visit our video library