Author Question: In the above figure, a black market emerges with a A) price ceiling of 4. B) price floor of 2. ... (Read 105 times)

sam.t96 · **on:** Jun 29, 2018

In the above figure, a black market emerges with a

A) price ceiling of 4.
B) price floor of 2.
C) price floor of 4.
D) a rationed quantity 30.

Question 2

The table below shows four alternative techniques for assembling a car. The cost of labor is 20 per hour, and the cost of capital is 10 per hour. Which of the four techniques for assembling a car is not technologically efficient?

A) T-1
B) T-2
C) T-3
D) T-4