« previous next »

Author Question: Which of the following curves is not U-shaped? A) average variable cost curve B) average fixed ... (Read 128 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
on: Jun 29, 2018
Which of the following curves is not U-shaped?
 
  A) average variable cost curve
  B) average fixed cost curve
  C) average total cost curve
  D) marginal cost curve

Question 2

Do rent ceilings result in any deadweight loss?
 
  What will be an ideal response?


mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Yes. Because the number of apartments rented is decreased, some consumer surplus is lost and some producer surplus is lost. Part of these loses are gained by the tenants in the form of reduced rental payments. But the sum of the losses not gained by the tenants is the deadweight loss.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

littleanan

  • Hero Member
  • *****
  • Posts: 575
Reply #2 on: Jun 29, 2018
Correct answers!


mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Antineutrophil cytoplasmic antibody staining patterns. Indirect immunofluorescence of ethanol-fixed ... Antineutrophil cytoplasmic antibody staining patterns. Indirect immunofluorescence of ethanol-fixed ...
Rub the ears between your thumbs and index fingers. Follow the curves to rub the entire ear, ... Rub the ears between your thumbs and index fingers. Follow the curves to rub the entire ear, ...
Linear dose-response curve Linear dose-response curve
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Variable and absorption costing, explaining operating-income differences. Variable and absorption costing, explaining operating-income differences.
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: Covalent bonds - role in the body

For a complete list of videos, visit our video library