« previous next »

Author Question: Refer to Scenario 13.1. At your negotiated price your consumer surplus is: A) 50. B) 200. C) ... (Read 82 times)

go.lag

  • Hero Member
  • *****
  • Posts: 667
on: Jul 1, 2018
Refer to Scenario 13.1. At your negotiated price your consumer surplus is:
 
  A) 50.
  B) 200.
  C) 250.
  D) 300.

Question 2

When one party suffers negative external effects due to the actions of another party, a lawsuit may not lead to the efficient outcome if:
 
  A) property rights are not clearly assigned.
  B) the parties have incomplete information.
  C) the legal costs of the lawsuit are too high.
  D) All of the above


tkempin

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

go.lag

  • Hero Member
  • *****
  • Posts: 667
Reply #2 on: Jul 1, 2018
Thank you :)


tkempin

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Annual Federal Deficit (or Surplus), 1992–2016 Annual Federal Deficit (or Surplus), 1992–2016
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Refer to (d) in the figure above. This rectifier arrangement Refer to (d) in the figure above. This rectifier arrangement
Video: Transcription—A molecular view

For a complete list of videos, visit our video library