Author Question: In a competitive market when there is no deadweight loss, A) consumer surplus is minimized. B) ... (Read 150 times)

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
In a competitive market when there is no deadweight loss,
 
  A) consumer surplus is minimized.
  B) producer surplus is minimized.
  C) consumer surplus plus producer surplus is maximized.
  D) consumer surplus plus producer surplus is minimized.

Question 2

Refer to Figure 2-8. What is the opportunity cost of producing 1 ton of pineapples in Costa Rica?
 
  A) 3/8 of a ton of coconuts B) 2/3 of a ton of coconuts
  C) 1 1/2 tons of coconuts D) 100 tons of coconuts



johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

For a complete list of videos, visit our video library