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

Author Question: Refer to the table above. If only the two highest-value buyers and the two least-cost sellers engage ... (Read 84 times)

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
Refer to the table above. If only the two highest-value buyers and the two least-cost sellers engage in trade, what is the social surplus?
 
  A) 6
  B) 10
  C) 12
  D) 20

Question 2

Refer to the figure above. What is the change in total revenue due to a price increase from 3 to 5?
 
  A) The total revenue increases by 100.
  B) The total revenue decreases by 100.
  C) The total revenue increases by 200.
  D) The total revenue decreases by 200.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meganmoser117

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


jlmhmf

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Fluidization - Calibration Table Pump #2 Fluidization - Calibration Table Pump #2
Forearm application to engage the common fascial restrictions in the trapezius and levator scapula ... Forearm application to engage the common fascial restrictions in the trapezius and levator scapula ...
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Periodic table of the elements Periodic table of the elements
Cost of Going to School Cost of Going to School
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her
Video: Darwin's Observation (Fossils, Galapagos Islands & Africa ) and Natural Selection (Adaptive Traits)

For a complete list of videos, visit our video library