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

Author Question: Refer to the figure above. What does the region ABCPe denote? A) Economic profit B) Loss ... (Read 31 times)

melly21297

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
Refer to the figure above. What does the region ABCPe denote?
 
  A) Economic profit
  B) Loss incurred by the producer
  C) Consumer surplus
  D) Deadweight loss

Question 2

The goal of a seller is primarily to:
 
  A) maximize sales.
  B) maximize profits.
  C) minimize costs.
  D) minimize consumer surplus.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blakeserpa

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


melly21297

  • Member
  • Posts: 565
Reply 2 on: Jun 29, 2018
:D TYSM

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Activity, Food Restriction, and Weight Loss Activity, Food Restriction, and Weight Loss
A farm family in Custer, Nebraska, in 1888, a region where Populist sentiment was strong. A farm family in Custer, Nebraska, in 1888, a region where Populist sentiment was strong.
Statuette of a Male Figure Statuette of a Male Figure
economic question economic question
economic question economic question
What is the total resistance of the circuit in Figure 1? 150 What is the total resistance of the circuit in Figure 1? 150
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library