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

Author Question: The policy shown in Figure 9.7 is a A) price floor of 50. B) price support of 50. C) price ... (Read 126 times)

nramada

  • Hero Member
  • *****
  • Posts: 580
on: Jul 1, 2018
The policy shown in Figure 9.7 is a
 
  A) price floor of 50.
  B) price support of 50.
  C) price ceiling of 30.
  D) quota of 2000.
  E) quota of 4000.

Question 2

Assume there are only two individuals in an economy, Lisa and Bart. The utility possibilities frontier for these individuals is given as:
 
  120 = UL + UB
  where UL is Lisa's utility and UB is Bart's utility. Lisa's current level of utility is 20, Bart's level of utility is 90. This combination is:
  A) inefficient.
  B) economically efficient.
  C) impossible, because it is outside of the welfare frontier.
  D) 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

HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


nramada

  • Member
  • Posts: 580
Reply 2 on: Jul 1, 2018
:D TYSM

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Glaucoma. (a) A buildup of pressure within the eye cavities, often caused by a blockage of vessels t Glaucoma. (a) A buildup of pressure within the eye cavities, often caused by a blockage of vessels t
Peptic ulcer. A peptic ulcer may occur in the stomach (gastric ulcer), as shown here, or in the duod Peptic ulcer. A peptic ulcer may occur in the stomach (gastric ulcer), as shown here, or in the duod
In 1879 an army officer founded the Carlisle School in Pennsylvania to “civilize” young Indians. The In 1879 an army officer founded the Carlisle School in Pennsylvania to “civilize” young Indians. The
Phases of the myocardial action potential. Ion movements during each phase are shown. Phases of the myocardial action potential. Ion movements during each phase are shown.
Figure-8s on the toes mobilize joints of the foot. Figure-8s on the toes mobilize joints of the foot.
Integrative recombination in phage l: DNA bending by IHF, shown by X-ray crystallography Integrative recombination in phage l: DNA bending by IHF, shown by X-ray crystallography
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library