« previous next »

Author Question: When the market is in equilibrium, with no government intervention, a. Total surplus is minimized ... (Read 71 times)

mia

  • Hero Member
  • *****
  • Posts: 564
on: Jul 1, 2018
When the market is in equilibrium, with no government intervention,
 a. Total surplus is minimized
 b. Total surplus is maximized
 c. Government maximizes total revenue
 d. None of the above

Question 2

Your cellular phone contract is due for renewal and the company offers you a new free phone. Since you want to use your new phone, you decide to recycle your old phone. Your action
 a. Creates wealth by moving the phone from lower value use to higher value use
  b. Destroys wealth since you lose your phone
 c. Creates wealth by making you feel richer
 d. All of the above


chereeb

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 1, 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

mia

  • Hero Member
  • *****
  • Posts: 564
Reply #2 on: Jul 1, 2018
Thank you :)


chereeb

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Nursing intervention classification Nursing intervention classification
Othmer’s Equilibrium Still Schematic Diagram Othmer’s Equilibrium Still Schematic Diagram
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
What is the total resistance of the circuit in Figure 1? 150 What is the total resistance of the circuit in Figure 1? 150
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
One generation of random mating produces Hardy–Weinberg equilibrium One generation of random mating produces Hardy–Weinberg equilibrium
Video: Generalized life cycles for plants and animals Animation

For a complete list of videos, visit our video library