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 67 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
:D TYSM

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

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?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Three of the color variants found at Fossil Rim Wildlife Center in Texas Three of the color variants found at Fossil Rim Wildlife Center in Texas
Lemurs are found only in Madagascar. Lemurs are found only in Madagascar.
Selected Natural Products Selected Natural Products
Liquid Formulations of Herbal Products Liquid Formulations of Herbal Products
Sex Hormone Products Sex Hormone Products
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
Video: Griffith's experiments

For a complete list of videos, visit our video library