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 213 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?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

The couple discusses grief over the loss of a child. The couple discusses grief over the loss of a child.
Non-competitive inhibition Non-competitive inhibition
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
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق" Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق"
Loud Music and Hearing Loss Loud Music and Hearing Loss
Video: Barriers - eye structures, digestive mucosa, respiratory mucosa & genitourinary mucosa

For a complete list of videos, visit our video library