Author Question: If the producer surplus in a market for a good is 36 and the consumer surplus in the market for the ... (Read 719 times)

erika

  • Hero Member
  • *****
  • Posts: 522
If the producer surplus in a market for a good is 36 and the consumer surplus in the market for the same good is 9, the social surplus in the market is ________.
 
  A) 4
  B) 27
  C) 45
  D) 324

Question 2

Hundreds of speculators conclude in May that the coming summer's corn crop will be much lower and that the November corn price will be consequently much higher than most people expect.
 
  When they act on their beliefs in the futures market, they would strive to ________ corn futures, which would tend to ________ the price of corn futures. A) sell; reduce
  B) sell; raise
  C) buy, reduce
  D) buy; raise



owenfalvey

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

For a complete list of videos, visit our video library