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Author Question: The figure above shows that the deadweight loss from the tariff is A) 20 million per year. B) 30 ... (Read 367 times)

armygirl

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on: Jun 29, 2018
The figure above shows that the deadweight loss from the tariff is
 
  A) 20 million per year.
  B) 30 million per year.
  C) 15 million per year.
  D) 55 million per year.
  E) zero.

Question 2

A profit-maximizing monopolistic competitor continues production until ________.
 
  A) marginal revenue exceeds marginal cost
  B) marginal revenue equals marginal cost
  C) marginal revenue exceeds average revenue
  D) marginal revenue equals average revenue


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Chelseyj.hasty

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


armygirl

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

alexanderhamilton

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Reply 3 on: Yesterday
Excellent

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