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Author Question: Refer to Figure 4-6. What is the value of consumer surplus after the imposition of the price floor? ... (Read 77 times)

Marty

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on: Jun 29, 2018
Refer to Figure 4-6. What is the value of consumer surplus after the imposition of the price floor?
 
  A) 1,500 B) 2,700 C) 4,500 D) 5,700

Question 2

Refer to Table 2-9. What is Thailand's opportunity cost of producing one wristwatch?
 
  A) 0.05 pounds of rice B) 20 pounds of rice C) 25 pounds of rice D) 60 pounds of rice


trog

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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