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Author Question: In the above table, if the market is perfectly competitive and unregulated, at the equilibrium level ... (Read 65 times)

debasdf

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on: Jun 29, 2018
In the above table, if the market is perfectly competitive and unregulated, at the equilibrium level of output, the marginal social benefit per unit is
 
  A) zero.
  B) 20 per unit.
  C) 50 per unit.
  D) 70 per unit.

Question 2

Janelle spends all of her 40 income on songs from iTunes (1 each) and applications (4 each) for her iTouch. What is her budget equation?
 
  A) 1  Qsong - 5  Qapp = Y
  B) Qsong = 10 - 4  Qapp
  C) 40 + 1  Qsong = 4  Qapp
  D) Qapp = 10 - 1/4  Qsong


kristenb95

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

D

Answer to Question 2

D


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