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

Author Question: Refer to the figure above. The region ABC shows the ________ due to the price ceiling. A) gain in ... (Read 32 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Jun 29, 2018
Refer to the figure above. The region ABC shows the ________ due to the price ceiling.
 
  A) gain in consumer surplus
  B) gain in producer surplus
  C) deadweight loss
  D) economic loss

Question 2

Henry David Thoreau faced a choice: Stay in the village of Concord or move out to Walden Pond. He decided to move to Walden. What was his opportunity cost?
 
  A) There was no opportunity cost if he didn't pay rent for his cabin on Walden Pond.
  B) The satisfaction he would have enjoyed were he to stay in Concord
  C) The sweat and toil of building his own cabin and living off the land at Walden Pond
  D) There was no opportunity cost, because he made a free and voluntary decision to live the way he preferred to live.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

huda

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


james0929

  • Member
  • Posts: 586
Reply 2 on: Jun 29, 2018
Gracias!

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

This image shows growing blood vessels in the retina of a mouse This image shows growing blood vessels in the retina of a mouse
C. Wright Mills (1916-1962) was a controversial figure in sociology because of his analysis of the ... C. Wright Mills (1916-1962) was a controversial figure in sociology because of his analysis of the ...
The digital image of a fetus shows a well-developed head and a comparatively smaller body. At 7 ... The digital image of a fetus shows a well-developed head and a comparatively smaller body. At 7 ...
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
CT scan of the head shows a massive bleed with a midline shift. CT scan of the head shows a massive bleed with a midline shift.
Mobilize joints of the feet and ankle. Apply scissoring to metatarsals and figure-8s to toes. Dorsi- ... Mobilize joints of the feet and ankle. Apply scissoring to metatarsals and figure-8s to toes. Dorsi- ...
Video: Major Elements in Biological Molecules: Lipids

For a complete list of videos, visit our video library