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Author Question: Left shoes and right shoes are perfect complements. An indifference curve for left and right shoes ... (Read 214 times)

pepyto

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on: Jun 29, 2018
Left shoes and right shoes are perfect complements. An indifference curve for left and right shoes is a line with
 
  A) constant slope.
  B) a 30-degree angle.
  C) a 45-degree angle.
  D) a 90-degree angle.

Question 2

The deadweight loss incurred when the market in the above figure is a single-price monopoly rather than perfectly competitive is the area
 
  A) cab.
  B) fcd.
  C) bed.
  D) fae.


kthug

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


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