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Author Question: Refer to Figure 4-8. Suppose that instead of a rent ceiling, the government imposed a price floor of ... (Read 127 times)

tiara099

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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


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b614102004

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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

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Reply #2 on: Jun 29, 2018
Correct answers!


b614102004

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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