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Author Question: In the above figure, at the equilibrium price and quantity, producer surplus is ________. A) 90 ... (Read 230 times)

K@

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on: Jun 29, 2018
In the above figure, at the equilibrium price and quantity, producer surplus is ________.
 
  A) 90
  B) 60
  C) 45
  D) 30

Question 2

Patents encourage inventions because without a patent
 
  A) other firms could enter the inventor's market by producing the same product.
  B) nobody would demand the inventor's product.
  C) the inventor would receive no tax breaks.
  D) all markets would be public franchises.


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wshriver

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

D

Answer to Question 2

A


K@

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

Joy Chen

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Reply 3 on: Yesterday
:D TYSM

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