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Author Question: Refer to Figure 4-5. With rent control, the quantity supplied is Q1. Suppose apartment owners ignore ... (Read 93 times)

gonzo233

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on: Jun 29, 2018
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


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dellikani2015

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

A

Answer to Question 2

C


gonzo233

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bulacsom

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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