This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Rent seeking ________. A) increases consumer surplus B) occurs only when the firm practices ... (Read 64 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jun 29, 2018
Rent seeking ________.
 
  A) increases consumer surplus
  B) occurs only when the firm practices perfect price discrimination
  C) increases deadweight loss
  D) results in a larger output than a competitive industry would produce

Question 2

When the consumer is at his or her best affordable consumption point, it is the case that the marginal rate of substitution is
 
  A) greater than the price ratio.
  B) equal to the price ratio.
  C) less than the price ratio.
  D) maximized.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

popopong

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Hungry!

  • Member
  • Posts: 1,071
Reply 2 on: Jun 29, 2018
Excellent

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Atmospheric pressure decreases as altitude increases. Atmospheric pressure decreases as altitude increases.
Spirituality increases with age, but there are different patterns for the two genders. Both genders ... Spirituality increases with age, but there are different patterns for the two genders. Both genders ...
Funeral Rituals and Practices among U.S. Cultural Groups Funeral Rituals and Practices among U.S. Cultural Groups
Funeral Rituals and Practices among U.S. Cultural Groups Funeral Rituals and Practices among U.S. Cultural Groups
Sensation-seeking and risky behaviours may help teens achieve peer acceptance Sensation-seeking and risky behaviours may help teens achieve peer acceptance
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library