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Author Question: A production quota set below the equilibrium quantity creates A) a decrease in supply B) a ... (Read 123 times)

Collmarie

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on: Jun 29, 2018
A production quota set below the equilibrium quantity creates
 
  A) a decrease in supply
  B) a decrease in marginal cost
  C) a rise in price
  D) inefficient underproduction
  E) all of the above

Question 2

In one day, Sue can change the oil on 20 cars or change the tires on 20 cars. In one day, Fred can change the oil on 20 cars or change the tires on 10 cars. Sue and Fred can gain from trade if Sue changes the ________ and Fred changes the ________.
 
  A) tires; oil
  B) oil; oil
  C) oil; tires
  D) tires; tires


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deja

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

E

Answer to Question 2

A


Collmarie

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

LVPMS

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Reply 3 on: Yesterday
Gracias!

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