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Author Question: Under the kinked demand curve model, a small increase in marginal cost will lead to A) an ... (Read 137 times)

DyllonKazuo

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on: Jul 1, 2018
Under the kinked demand curve model, a small increase in marginal cost will lead to
 
  A) an increase in output level and a decrease in price.
  B) a decrease in output level and an increase in price.
  C) a decrease in output level and no change in price.
  D) neither a change in output level nor a change in price.

Question 2

Refer to Figure 9.7. Because of this policy, total producer surplus including funds received from the government will be at least
 
  A) 10,000.
  B) 40,000.
  C) 80,000.
  D) 100,000.
  E) 160,000.


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elyse44

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

D

Answer to Question 2

C


DyllonKazuo

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Reply #2 on: Jul 1, 2018
Thank you


elyse44

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Reply #3 on: Jul 1, 2018
No problemo


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