This topic contains a solution. Click here to go to the answer

Author Question: In the above figure, if the production of gloves was restricted to 2,000 a day, then the deadweight ... (Read 38 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
In the above figure, if the production of gloves was restricted to 2,000 a day, then the deadweight loss would equal
 
  A) 0, because 2,000 gloves per day is an efficient quantity of gloves to produce.
  B) 2,000.
  C) 5,000.
  D) 10,000.

Question 2

Waldo buys only two items, pretzels and ham sandwiches. Waldo has 24 in income, pretzels cost 0.60 per bag and ham sandwiches cost 2.40 each.
 
  If Waldo's budget line is constructed with ham sandwiches along the horizontal axis and bags of pretzels along the vertical axis, then A) the horizontal intercept of the budget line will be 40 ham sandwiches.
  B) the vertical intercept of the budget line will be 10 bags of pretzels.
  C) the slope of the budget line will be -4 bags of pretzels per ham sandwich.
  D) All of the above answers are correct.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djofnc

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

C

Answer to Question 2

C




Cooldude101

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
Wow, this really help


Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

For a complete list of videos, visit our video library