Author Question: In the figure above, when the quantity of milk produced is 600 gallons per day, what is the ... (Read 71 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?

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

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

For a complete list of videos, visit our video library