The figure above shows the market for umbrellas in Sunville. Suppose one firm owns all umbrella stores in Sunville and charges 40 per umbrella. In this situation, the market for umbrellas is
A) efficient, with no deadweight loss but also no surplus.
B) inefficient, with a deadweight loss of 2,666.67.
C) inefficient, with a deadweight loss of 1,333.33.
D) efficient, generating a total surplus of more than 10,000.
Question 2
In 2006, real GDP in Belgium grew at a 3 percent rate and inflation was 1.8 percent while the population did not change. As a result, there was ________ demand for money curve in Belgium.
A) a rightward shift of the
B) a leftward shift of the
C) a movement up along the
D) no change in the
Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
Drawing shows what is occurring electrically at each part of the scope pattern.
Mobilize the joints in the hand. Follow with figure-8s at the knuckles and scissoring the ...
Mobilize knuckles with figure-8s. Turn the hand so palm faces the table. Grasp the proximal phalange ...
A police record search of 250 incoming Grade 10 at a Secondary School shows that 26 had been ...
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...