Refer to Figure 4-5. With rent control, the quantity supplied is ...

[gonzo233]

Refer to Figure 4-5. With rent control, the quantity supplied is Q1. Suppose apartment owners ignore the law and rent this quantity for the highest rent they can get. What is the highest rent they can get?
 
  A) R1 B) R0 C) more than R1 D) R

Question 2

Refer to Table 2-8. What is Betty's opportunity cost of making a statue?
 
  A) 2 benches B) 1.4 statues C) 1/2 of a bench D) 1/3 of a bench

[dellikani2015]

Answer to Question 1

A

Answer to Question 2

C

[gonzo233]

Gracias!

[ttt030911]

Thanks for the timely response, appreciate it