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Author Question: In the above figure, if output were restricted to 300 million pounds of turkey, then A) the ... (Read 81 times)

aabwk4

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on: Jun 29, 2018
In the above figure, if output were restricted to 300 million pounds of turkey, then
 
  A) the marginal social benefit would exceed the marginal social cost on the last pound of turkey traded by 0.80.
  B) there would be a deadweight loss of 40 million.
  C) there would be inefficient underproduction of turkey.
  D) All of the above answers are correct.

Question 2

The above table shows the short-run total product schedule for the campus book store. What is the average product (AP) of the 4th employee?
 
  A) 58 books sold
  B) 14.5 books sold
  C) 18 books sold
  D) 13.3 books sold


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hanadaa

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


aabwk4

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

lcapri7

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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