« previous next »

Author Question: Suppose Sam buys a good for 100 at a yard sale. If consumer surplus from the sale is 75, Sam would ... (Read 138 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
on: Jun 30, 2018
Suppose Sam buys a good for 100 at a yard sale. If consumer surplus from the sale is 75, Sam would have been willing to pay:
 a. 100 b. 175.
  c. 25 d. equal to the deadweight loss.

Question 2

A drought destroys much of the grape crop. As a result, consumer surplus in the market for wine:
 a. decreases. b. increases.
  c. remains unchanged. d. depends on the deadweight loss.


juiceman1987

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ... Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ...
Good ethical judgment comes from both learning and experience. Good ethical judgment comes from both learning and experience.
Rice noodles are a good gluten-free substitute for pasta Rice noodles are a good gluten-free substitute for pasta
Humburger is a good source of niacin , vitamin B6 and pantothenic acid Humburger is a good source of niacin , vitamin B6 and pantothenic acid
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Video: Negative Feedback Regulation of Blood Pressure

For a complete list of videos, visit our video library