Author Question: Which area in the above figure shows the producer surplus at the price and quantity that would be ... (Read 109 times)

melina_rosy · **on:** Jun 29, 2018

Which area in the above figure shows the producer surplus at the price and quantity that would be set by a single-price monopoly?

A) C + D
B) C + D + E
C) C + D + F + G
D) C + D + F + G + I

Question 2

Which of the following decreases the supply of labor that competes with union labor?

A) an increase in the minimum wage
B) an increase in the demand for imported goods
C) new laws that restrict immigration
D) All of the above would cause a decrease in the supply of labor that competes with union labor.