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Author Question: Refer to the figure above. Social welfare will be maximized if ________ units of Good Y are ... (Read 42 times)

cartlidgeashley

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on: Jun 29, 2018
Refer to the figure above. Social welfare will be maximized if ________ units of Good Y are produced.
 
  A) 9 million
  B) 20 million
  C) 13 million
  D) 16 million

Question 2

Which of the following decreases the supply of restaurant meals?
 
  A) Waiters get a pay raise.
  B) Consumers' incomes increase and restaurant meals are a normal good.
  C) Consumers' incomes decrease and restaurant meals are a normal good.
  D) The price of movies, a complement to restaurant meals, falls.


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Ksh22

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

D

Answer to Question 2

A


cartlidgeashley

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Reply #2 on: Jun 29, 2018
Thank you :)


Ksh22

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Reply #3 on: Jun 29, 2018
Happy to help you


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