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Author Question: In the above figure, the total producer surplus at the efficient level of output is ________. A) ... (Read 81 times)

K@

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on: Jun 29, 2018
In the above figure, the total producer surplus at the efficient level of output is ________.
 
  A) 4.5 million
  B) 9.0 million
  C) 2.5 million
  D) 3.0 million

Question 2

Consider the budget line in the above figure. If the consumer has income of 240, what is the relative price of movies?
 
  A) .42 books
  B) 2.4 books
  C) 10 per movie
  D) 24 per movie


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snackralk

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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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  • Posts: 608
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

xiaomengxian

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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