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

Author Question: In the above figure, what is the total consumer surplus from all the milk bought if the price of ... (Read 129 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
on: Jun 29, 2018
In the above figure, what is the total consumer surplus from all the milk bought if the price of milk is 3.00 per gallon?
 
  A) 16 million
  B) 12 million
  C) 4 million
  D) 2 million

Question 2

The above table shows production combinations on a country's production possibilities frontier. Which of the following is an example of a point that is unattainable?
 
  A) 0 units of good X and 40 units of good Y
  B) 6 units of good X and 28 units of good Y
  C) 10 units of good X and 16 units of good Y
  D) 3 units of good X and 35 units of good Y


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


SO00

  • Hero Member
  • *****
  • Posts: 568
Reply #2 on: Jun 29, 2018
Thank you


CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Percentage of Foreign-Born Whites and Native Whites of Foreign or Mixed Parentage in Total Populatio Percentage of Foreign-Born Whites and Native Whites of Foreign or Mixed Parentage in Total Populatio
Harvey Milk was the first openly gay candidate to be elected to office in California. Harvey Milk was the first openly gay candidate to be elected to office in California.
The illusory bands visible in this figure are often called Mach bands, although Mach used a ... The illusory bands visible in this figure are often called Mach bands, although Mach used a ...
Three pathways of complement combined. (a) Figure shows a summary of how each pathway proceeds. (b) ... Three pathways of complement combined. (a) Figure shows a summary of how each pathway proceeds. (b) ...
Statuette of a Male Figure Statuette of a Male Figure
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library