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Author Question: Refer to Figure 4-10. What is the area that represents the portion of producer surplus transferred ... (Read 106 times)

lb_gilbert

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on: Jun 29, 2018
Refer to Figure 4-10. What is the area that represents the portion of producer surplus transferred to consumers as a result of the rent ceiling?
 
  A) F B) D C) D + F D) D + E

Question 2

Japan has developed a comparative advantage in designing and producing automobiles. The source of its comparative advantage in these products is
 
  A) technology. B) a strong central government.
  C) a favorable climate. D) abundant supplies of natural resources.


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joechoochoy

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


lb_gilbert

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

mochi09

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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