Refer to Figure 9.5. If the government establishes a price floor ...

[Lisaclaire]

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]

Answer to Question 1

C

Answer to Question 2

B