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

Author Question: Refer to Figure 4-8. Suppose that instead of a rent ceiling, the government imposed a price floor of ... (Read 231 times)

tiara099

  • Hero Member
  • *****
  • Posts: 588
on: Jun 29, 2018
Refer to Figure 4-8. Suppose that instead of a rent ceiling, the government imposed a price floor of 2,000 per month for apartments. What is the value of the deadweight loss after the imposition of the price floor?
 
  A) 50,000 B) 125,000 C) 175,000 D) 260,000

Question 2

Refer to Table 9-7. Fill in the following table with the opportunity costs of producing handbags and jackets for Cambodia and Thailand.
 
  Handbags Jackets
  Cambodia
  Thailand


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

b614102004

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

Handbags Jackets
Cambodia 0.20 5
Thailand 0.25 4


tiara099

  • Hero Member
  • *****
  • Posts: 588
Reply #2 on: Jun 29, 2018
Correct answers!


b614102004

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

This lithograph by Currier and Ives gives an erroneous impression of the “battle.” Major Robert Ande This lithograph by Currier and Ives gives an erroneous impression of the “battle.” Major Robert Ande
Although crassly put by the cartoonist, behind the glass ceiling lies this background assumption. Although crassly put by the cartoonist, behind the glass ceiling lies this background assumption.
Mobilize the joints in the hand. Follow with figure-8s at the knuckles and scissoring the ... Mobilize the joints in the hand. Follow with figure-8s at the knuckles and scissoring the ...
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Frequency distribution of phenotypes from the possible offspring in Figure 5.7. Height of the offspr Frequency distribution of phenotypes from the possible offspring in Figure 5.7. Height of the offspr
Effects of alterations in Shh morphogen activity in the floor plate and the limb bud Effects of alterations in Shh morphogen activity in the floor plate and the limb bud
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library