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Author Question: Refer to Figure 9.5. If the government establishes a price floor of 2.50 and farmers grow only the ... (Read 49 times)

Lisaclaire

  • Hero Member
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  • Posts: 569
on: Jul 1, 2018
Refer to Figure 9.5. If the government establishes a price floor of 2.50 and farmers grow only the amount of berries that will be sold, total consumer and producer surplus will be
 
  A) 1.50.
  B) 300.
  C) 450.
  D) 500.
  E) 600.

Question 2

The slope of the budget line that expresses the tradeoff between risk and return for an asset can be represented by
 
  A) (Rf - Rm)/m.
  B) (Rm - Rf)/m.
  C) Rm - Rf.
  D) b.


ryhom

  • Sr. Member
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  • Posts: 366
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


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