« previous next »

Author Question: The figure above shows the market for coffee If the government pays the coffee producers a subsidy ... (Read 166 times)

jeatrice

  • Hero Member
  • *****
  • Posts: 543
on: Jun 29, 2018
The figure above shows the market for coffee If the government pays the coffee producers a subsidy and production increases to 30 million pounds per day, the deadweight loss is
 
  A) zero.
  B) 7.5 million.
  C) 15 million.
  D) 10 million.

Question 2

An unregulated monopoly will
 
  A) flood the market with goods to deter entry.
  B) produce only where marginal revenue is zero.
  C) produce in the inelastic range of its demand curve.
  D) produce in the elastic range of its demand curve.


kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

The geomagnetic polarity time scale shows how Earth’s magnetic pole has changed through geologic tim The geomagnetic polarity time scale shows how Earth’s magnetic pole has changed through geologic tim
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
The upper panel shows that scores of four diverse samples of boys on a moral reasoning test show a ... The upper panel shows that scores of four diverse samples of boys on a moral reasoning test show a ...
Joint movement of the fingers. Apply scissoring at the knuckles and figure-8s to the fingers to ... Joint movement of the fingers. Apply scissoring at the knuckles and figure-8s to the fingers to ...
Government Corruption versus GDP per Capita, 2009 Government Corruption versus GDP per Capita, 2009
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Structures that affect circulation - kidneys, blood volume and venous tone

For a complete list of videos, visit our video library