Refer to Figure 4-6. What is the value of consumer surplus after the imposition of the price floor? ...

Author Question: Refer to Figure 4-6. What is the value of consumer surplus after the imposition of the price floor? ... (Read 93 times)

Marty

Hero Member
Posts: 553

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

Sr. Member
Posts: 343

Reply #1 on: Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

B

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