This topic contains a solution. Click here to go to the answer

Author Question: Refer to Figure 4-5. The figure above represents the market for pecans. Assume that this is a ... (Read 465 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
Refer to Figure 4-5. The figure above represents the market for pecans. Assume that this is a competitive market. Which of the following is true?
 
  A) If the price of pecans is 3 producers will sell 12,000 pounds of pecans but this output will be economically inefficient.
  B) If the price of pecans is 9 consumers will purchase more than the economically efficient output.
  C) Both 4,000 pounds and 12,000 pounds are economically inefficient rates of output.
  D) If the price of pecans is 3 the output will be economically efficient but there will be a deadweight loss.

Question 2

Since the 1950s,
 
  A) U.S. business cycle fluctuations have becomes more volatile.
  B) U.S. business cycle fluctuations have not changed.
  C) U.S. business cycle fluctuations have become milder.
  D) the United States has not experienced a business cycle.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

KKcool

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

C

Answer to Question 2

C




strangeaffliction

  • Member
  • Posts: 660
Reply 2 on: Jun 29, 2018
Gracias!


carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

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?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

For a complete list of videos, visit our video library