Author Question: Which of the following conditions could lead to an inefficient quantity of pretzels being produced? ... (Read 124 times)

fasfsadfdsfa

  • Hero Member
  • *****
  • Posts: 554
Which of the following conditions could lead to an inefficient quantity of pretzels being produced?
 
  A) the existence of many producers of pretzels
  B) the existence of many consumers of pretzels
  C) the existence of a single producer and seller of pretzels
  D) All of the above conditions could cause the actual quantity of pretzels to be an inefficient quantity.

Question 2

In the above figure, when 2000 bicycles are produced each month, we can see that
 
  A) the marginal benefit from another bicycle is greater than the marginal cost of another bicycle.
  B) more bicycles should be produced to reach the allocatively efficient level of output.
  C) the economy is very efficient at the production of bicycles because the marginal benefit exceeds the marginal cost.
  D) Both answers A and B are correct.



Brenm

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

For a complete list of videos, visit our video library