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 92 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
Wow, this really help

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Buying a Telescope Buying a Telescope
Three Methods of Mining Coal Three Methods of Mining Coal
Creating Easy-to-Read Instruction Creating Easy-to-Read Instruction
Creating a Continental Economy Creating a Continental Economy
Anabolic steroids are sometimes used by athletes seeking to bulk up Anabolic steroids are sometimes used by athletes seeking to bulk up
Common Methods of Contraception Common Methods of Contraception
Video: Glycolysis - Introduction to ATP and the burning of sugar

For a complete list of videos, visit our video library