[Answered] In the above figure, if output is 10 units, then the total deadweight loss is A) 5. B) 10. C) ...

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

Author Question: In the above figure, if output is 10 units, then the total deadweight loss is A) 5. B) 10. C) ... (Read 121 times)

magmichele12

Hero Member
Posts: 559

on: Jun 29, 2018

In the above figure, if output is 10 units, then the total deadweight loss is

A) 5.
B) 10.
C) 20.
D) 60.

Question 2

A sales tax is divided so that buyers pay the full amount if

A) demand has unitary elasticity.
B) supply has unitary elasticity.
C) demand is perfectly inelastic.
D) supply is perfectly inelastic.

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

amandanbreshears

Sr. Member
Posts: 320

Reply #1 on: Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

C

magmichele12

Hero Member
Posts: 559

Reply #2 on: Jun 29, 2018

Correct answers!

amandanbreshears

Sr. Member
Posts: 320

Reply #3 on: Jun 29, 2018

Great! Please up vote

« previous next »

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.