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

Author Question: A deadweight loss of consumer and/or producer surplus occurs when a. producers fail to maximize ... (Read 54 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
on: Jul 1, 2018
A deadweight loss of consumer and/or producer surplus occurs when
 a. producers fail to maximize profits.
  b. mutually beneficial transactions cannot be completed.
  c. consumers do not maximize their utility.
  d. the price of inputs increases.

Question 2

Suppose there are 100 firms each with a short run total cost of STC = q2 + q + 10, so that marginal cost is MC = 2q +1 . If market demand is given by QD = 1050  50P, how much will be produced in the market?
 a. 300
  b. 400
  c. 500
  d. 600


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aloop

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


aabwk4

  • Hero Member
  • *****
  • Posts: 593
Reply #2 on: Jul 1, 2018
Thank you


aloop

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

A melanistic jaguar is a colour morph which occurs at about 6% frequency in populations. A melanistic jaguar is a colour morph which occurs at about 6% frequency in populations.
Pott’s Occurs at the ankle and affects both bones of the lower leg (fibula and tibia) Pott’s Occurs at the ankle and affects both bones of the lower leg (fibula and tibia)
Breast cancer. Notice the tumor growing within a lactiferous gland, which occurs in infiltrating duc Breast cancer. Notice the tumor growing within a lactiferous gland, which occurs in infiltrating duc
Bereaved spouses studied before loss, at the time of loss, and 18 months after loss show five ... Bereaved spouses studied before loss, at the time of loss, and 18 months after loss show five ...
DID YOU KNOW? DRIVING FAST CAUSES HAIR LOSS DID YOU KNOW? DRIVING FAST CAUSES HAIR LOSS
Comparison of loss- and gain-of-function alleles Comparison of loss- and gain-of-function alleles
Video: Bone Healing Animation

For a complete list of videos, visit our video library