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Author Question: In the above figure, if a subsidy is granted that generates an efficient allocation of resources, ... (Read 40 times)

armygirl

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on: Jun 29, 2018
In the above figure, if a subsidy is granted that generates an efficient allocation of resources, then the output level will be
 
  A) zero.
  B) 50 units per week.
  C) 150 units per week.
  D) 250 units per week.

Question 2

The present value of a 5,000 cash gift to be received four years in the future, given an annual interest rate of 6 percent, is (to the nearest dollar)
 
  A) 4700.
  B) 4717.
  C) 6312.
  D) 3960.


Mholman93

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

D

Answer to Question 2

D


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