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 73 times)

magmichele12

  • Hero Member
  • *****
  • Posts: 559
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.



Related Topics

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
Answer to Question 1

B

Answer to Question 2

C





 

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

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?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

For a complete list of videos, visit our video library