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Author Question: Refer to the figure above. Calculate the total surplus in Lithasia under free trade. A) 150 B) ... (Read 38 times)

joblessjake

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on: Jun 29, 2018
Refer to the figure above. Calculate the total surplus in Lithasia under free trade.
 
  A) 150
  B) 250
  C) 325
  D) 375

Question 2

The figure above shows the U.S. production function. How would an increase in capital be shown in the figure?
 
  A) an upward shift or rotation of the production function
  B) a downward shift or rotation of the production function
  C) a movement from point A to point B
  D) a movement from point C to point B
  E) None of the above because the effects of an increase in capital cannot be shown in the figure.


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ms_sulzle

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

B

Answer to Question 2

A


joblessjake

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Jsherida

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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