In the above figure, a black market emerges with a A) price ...

[sam.t96]

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

[maya.nigrin17@yahoo.com]

Answer to Question 1

C

Answer to Question 2

B

[sam.t96]

Thanks for the timely response, appreciate it

[sailorcrescent]

TYSM