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Author Question: At the competitive market outcome in the above figure, the A) producer surplus is equal to 480 ... (Read 110 times)

joe

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on: Jun 29, 2018
At the competitive market outcome in the above figure, the
 
  A) producer surplus is equal to 480 million.
  B) total producer surplus from turkey sales is zero.
  C) sum of consumer and producer surpluses from turkey is 640 million.
  D) All of the above answers are correct.

Question 2

The above figure depicts a
 
  A) positive non-linear relationship between age and the number of hamburgers purchased per year.
  B) negative non-linear relationship between age and the number of hamburgers purchased per year.
  C) positive linear relationship between age and the number of hamburgers purchased per year.
  D) negative linear relationship between age and the number of hamburgers purchased per year.


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jennafosdick

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

C

Answer to Question 2

D


joe

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Reply #2 on: Jun 29, 2018
Thank you


jennafosdick

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Reply #3 on: Jun 29, 2018
No problemo


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