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

Author Question: Methods of rent seeking include which of the following? I. Buying a monopoly II. Creating a monopoly ... (Read 104 times)

ts19998

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
Methods of rent seeking include which of the following? I. Buying a monopoly II. Creating a monopoly III. Price discrimination
 
  A) I and II
  B) I and III
  C) II and III
  D) III only

Question 2

The figure above shows the market supply curve for pizzas. a) What is the marginal social cost of the 20th pizza? b) What is the minimum supply price of the 20th pizza? c) If the price is 6 per pizza, what is the producer surplus for the 20th
 
  pizza? d) If the price is 6 per pizza, what is the total producer surplus? e) If the price is 8 per pizza, what is the total producer surplus? f) If the price is 10 per pizza, what is the total producer surplus?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

a) The marginal cost of the 20th pizza is 6.
b) The minimum supply price of the 20th pizza is 6.
c) If the price is 6 per pizza, the producer surplus for the 20th pizza is zero.
d) If the price is 6 per pizza, the total producer surplus is 20.
e) If the price is 8 per pizza, the total producer surplus is 80.
f) If the price is 10 per pizza, the total producer surplus is 180.


ts19998

  • Member
  • Posts: 531
Reply 2 on: Jun 29, 2018
Gracias!

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Multiple crossovers can include more than two chromatids Multiple crossovers can include more than two chromatids
The tools needed to diagnose a circuit containing a relay include a digital multimeter (DMM), a ... The tools needed to diagnose a circuit containing a relay include a digital multimeter (DMM), a ...
Four methods of recording electrical activity of the nervous system. Four methods of recording electrical activity of the nervous system.
Apply oil or lotion to the entire leg. Include hip if performing massage to hip region as part of ... Apply oil or lotion to the entire leg. Include hip if performing massage to hip region as part of ...
IPM combines biocontrol and chemical methods IPM combines biocontrol and chemical methods
Method for creating Golden Rice 2 Method for creating Golden Rice 2
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library