« previous next »

Author Question: Which of the following curves is not U-shaped? A) average variable cost curve B) average fixed ... (Read 131 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?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

The patient is placed between the X-ray tube, which emits a cone-shaped X-ray beam, and the film or ... The patient is placed between the X-ray tube, which emits a cone-shaped X-ray beam, and the film or ...
On average, students in Roman Catholic schools score higher on national tests than students in ... On average, students in Roman Catholic schools score higher on national tests than students in ...
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
How to find the average value of a function How to find the average value of a function
Cost of Laptops Cost of Laptops
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
Video: Lower Limb Arteries Animation

For a complete list of videos, visit our video library