Refer to the scenario above. Jacob should submit a bid of ...

[penguins]

Refer to the scenario above. Jacob should submit a bid of ________.
 
  A) 500
  B) 400
  C) 300
  D) 225

Question 2

The figure above shows the market for annual influenza immunizations the United States. Area B is the
 
  A) gain in efficiency from the illustrated subsidy.
  B) remaining deadweight loss when there is the illustrated subsidy.
  C) deadweight loss when there is not the illustrated subsidy.
  D) equilibrium with the illustrated subsidy.
  E) loss in efficiency from the illustrated subsidy.

[lorealeza]

Answer to Question 1

D

Answer to Question 2

B