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

Author Question: Refer to Figure 9.9. At free trade, domestic consumer surplus would be A) 20,000. B) 27,500. ... (Read 46 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
on: Jul 1, 2018
Refer to Figure 9.9. At free trade, domestic consumer surplus would be
 
  A) 20,000.
  B) 27,500.
  C) 40,000,000.
  D) 45,000,000.
  E) 75,625,000.

Question 2

Which of following is a key assumption of a perfectly competitive market?
 
  A) Firms can influence market price.
  B) Commodities have few sellers.
  C) It is difficult for new sellers to enter the market.
  D) Each seller has a very small share of the market.
  E) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tdewitt

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

D


Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: Jul 1, 2018
:D TYSM

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

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?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Wild boar/domestic pig hybrid, displayed at Rothschild Museum, Tring, England Wild boar/domestic pig hybrid, displayed at Rothschild Museum, Tring, England
Atlantic Slave Trade, 1451–1870 Atlantic Slave Trade, 1451–1870
Cross Section of Skin and Free Nerve Endings Cross Section of Skin and Free Nerve Endings
Figure-8s on the toes mobilize joints of the foot. Figure-8s on the toes mobilize joints of the foot.
If the frequency equals 60 Hz in Figure 10-1, what is the value of capacitance? If the frequency equals 60 Hz in Figure 10-1, what is the value of capacitance?
Lod Score Values for the Families in Figure 5.15 Lod Score Values for the Families in Figure 5.15
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library