Author Question: The figure above shows the demand for and costs of producing Charlene's Chocolates. If Charlene's ... (Read 120 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
The figure above shows the demand for and costs of producing Charlene's Chocolates. If Charlene's Chocolates is a monopoly that charges one price to all customers, then consumer surplus is ________ and it creates a deadweight loss of ________.
 
  A) 800; 400
  B) 200; 100
  C) 400; 200
  D) 0; 200

Question 2

In the figure above, if a tax is imposed that generates an efficient allocation of resources, then consumers will pay a price of
 
  A) 250 per unit.
  B) 200 per unit.
  C) 150 per unit.
  D) 100 per unit.



jessofishing

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

For a complete list of videos, visit our video library