This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the above figure, when the quantity equals 400 pretzels A) consumers are willing to pay 2 for ... (Read 68 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
In the above figure, when the quantity equals 400 pretzels
 
  A) consumers are willing to pay 2 for the 400th pretzel.
  B) producers are willing to supply 400 pretzels for 3.
  C) producers are willing to supply 400 pretzels for 2.
  D) the marginal benefit is greater than the marginal cost.

Question 2

In the figure above, D0 is the demand for labor curve. Imposing a minimum wage of 3 per hour will
 
  A) have no effect on the market.
  B) result in unemployment.
  C) result in a labor shortage.
  D) immediately shift the demand curve to D1.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aidanmbrowne

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


codyclark

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

(A) The nine regions of the abdominopelvic cavity. (B) The four regions of the abdomen, which are re (A) The nine regions of the abdominopelvic cavity. (B) The four regions of the abdomen, which are re
Statuette of a Male Figure Statuette of a Male Figure
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
How much voltage does the resistor drop in Figure 10-2? a. 59 mV b. 19.94 V c. 20 V d. 10 V How much voltage does the resistor drop in Figure 10-2? a. 59 mV b. 19.94 V c. 20 V d. 10 V
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
Bayesian Analysis of the Genotype of II-2 in Figure A.4 Bayesian Analysis of the Genotype of II-2 in Figure A.4
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library