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

Author Question: In a competitive market when there is no deadweight loss A) consumer surplus is minimized. B) ... (Read 94 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jun 29, 2018
In a competitive market when there is no deadweight loss
 
  A) consumer surplus is minimized.
  B) producer surplus is minimized.
  C) consumer surplus plus producer surplus is maximized.
  D) consumer surplus plus producer surplus is minimized.

Question 2

Refer to Table 9-2. Select the statement that accurately interprets the data in the table.
 
  A) Gabriel has a comparative advantage in baking pies and baking cakes.
  B) Gabriel has an absolute advantage in baking cakes.
  C) Gabriel has a comparative advantage in baking pies.
  D) Sarita has a comparative advantage in baking pies.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tashiedavis420

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


joe

  • Hero Member
  • *****
  • Posts: 627
Reply #2 on: Jun 29, 2018
Correct answers!


tashiedavis420

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Non-competitive inhibition Non-competitive inhibition
Soil Degradation and Loss Soil Degradation and Loss
Water Loss Through Evaporation Water Loss Through Evaporation
Development encompasses both gains and losses. Sometimes a health crisis (loss) can result in a heal Development encompasses both gains and losses. Sometimes a health crisis (loss) can result in a heal
Major causes of biodiversity loss Major causes of biodiversity loss
Video: Structure of Amino Acid, Peptide Bonds & Polypeptides

For a complete list of videos, visit our video library