Author Question: In the figure above, when the quantity of milk produced is 600 gallons per day, what is the ... (Read 29 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
In the figure above, when the quantity of milk produced is 600 gallons per day, what is the deadweight loss?
 
  A) 250
  B) 125
  C) 500
  D) 50

Question 2

The increase in the demand for widgets, shown in the figure above, is the result of an increase in income. Therefore, widgets
 
  A) are a normal good.
  B) are an inferior good.
  C) are elastically demanded.
  D) are inelastically demanded.



Viet Thy

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

For a complete list of videos, visit our video library