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 52 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?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

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

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an
Chlamydospore or spherule that occurs at body temperature. Chlamydospore or spherule that occurs at body temperature.
Climate change occurs over millions of years Climate change occurs over millions of years
Three Pieces of the Long-Term Weight-Loss Puzzle Diet Three Pieces of the Long-Term Weight-Loss Puzzle Diet
Client’s view with visual field loss Client’s view with visual field loss
Loud Music and Hearing Loss Loud Music and Hearing Loss
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library