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Author Question: If the hot dog vendors at Yankee Stadium are earning a producer surplus on each hot dog they sell, ... (Read 73 times)

mwit1967

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on: Jun 29, 2018
If the hot dog vendors at Yankee Stadium are earning a producer surplus on each hot dog they sell, then baseball fans cannot be gaining any consumer surplus on the hot dogs they buy.
 
  Indicate whether the statement is true or false

Question 2

Your weekly budget for gasoline and movie rentals is 45.00. Referring to the figure above, what is the price per gallon of gasoline?
 
  A) 1.00
  B) 1.25
  C) 1.50
  D) 1.75


Dunkey

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

FALSE

Answer to Question 2

C


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