Author Question: The production function for hamburgers can be written as q = 0.1X + 0.1Y, where X is Canadian ground ... (Read 148 times)

storky111 · **on:** Jul 1, 2018

The production function for hamburgers can be written as q = 0.1X + 0.1Y, where X is Canadian ground beef and Y is U.S. beef, both measured in pounds. Which graph in the figure best represents the isoquants for the hamburger production when U.S.

ground beef is on the vertical axis and Canadian ground beef is on the horizontal axis? A) Graph A
B) Graph B
C) Graph C
D) Graph D

Question 2

At the current price of a good, Al's consumer surplus equals eight, and Ben's consumer surplus equals 15. By charging a two-part tariff, a monopolist could increase his profit by

A) 8.
B) 16.
C) 15.
D) 30.