This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Due to a recession, Hostess Bakeries found that the demand for its products decreased. The demand ... (Read 91 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
on: Jun 29, 2018
Due to a recession, Hostess Bakeries found that the demand for its products decreased. The demand for products ________ the demand for bakers and ________ the equilibrium wage rate paid to bakers.
 
  A) increased; raised
  B) decreased; raised
  C) increased; lowered
  D) decreased; lowered

Question 2

The above figure illustrates a single-price unregulated monopolist. If the monopolist maximizes its profit, the consumer surplus equals ________.
 
  A) 20,000
  B) 10,000
  C) 45,000
  D) 40,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fromAlphatoOmega22

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


tiffannnnyyyyyy

  • Member
  • Posts: 512
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

(a) Age of maturity of Atlantic cod decreased during the fishery collapse. (b) Evidence of maturatio (a) Age of maturity of Atlantic cod decreased during the fishery collapse. (b) Evidence of maturatio
The yellow-winged darter, Sympetrum flaveolum, is a dragonfly found in Europe and mid and Northern C The yellow-winged darter, Sympetrum flaveolum, is a dragonfly found in Europe and mid and Northern C
Common Fluoride Products Common Fluoride Products
Sex Hormone Products Sex Hormone Products
Many different types of labels may be found on packages containing hazardous materials. Clockwise ... Many different types of labels may be found on packages containing hazardous materials. Clockwise ...
Products like Beano contain enzymes that help reduce the production of gas in the large intestine Products like Beano contain enzymes that help reduce the production of gas in the large intestine
Video: Properties of water -structure of water and polarity (Ionized and polar compounds)

For a complete list of videos, visit our video library