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 42 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?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

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.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Much time and effort occurs between the development of a research idea and the statistical analysis Much time and effort occurs between the development of a research idea and the statistical analysis
Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha
The “Old Man” from La Chapelle shows evidence of extensive tooth loss and bone resorption. The “Old Man” from La Chapelle shows evidence of extensive tooth loss and bone resorption.
Soil Degradation and Loss Soil Degradation and Loss
Climate change occurs over millions of years Climate change occurs over millions of years
How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree? How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree?
Video: Elementary kinetics

For a complete list of videos, visit our video library