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Author Question: Refer to Figure 9.8. Under free trade in sugar, domestic producer surplus will be A) 100. B) ... (Read 45 times)

krzymel

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on: Jul 1, 2018
Refer to Figure 9.8. Under free trade in sugar, domestic producer surplus will be
 
  A) 100.
  B) 175.
  C) 10,000.
  D) 25,000.
  E) 30,625.

Question 2

What does the negative slope of the production possibilities frontier imply?
 
  A) Diminishing marginal utility.
  B) The only way to increase one person's utility is to decrease the other's.
  C) Diminishing marginal rates of technical substitution.
  D) The only way to increase output of one good is to decrease output of another.


bitingbit

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


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