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

Author Question: Under the kinked demand curve model, a small increase in marginal cost will lead to A) an ... (Read 188 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jul 1, 2018
Under the kinked demand curve model, a small increase in marginal cost will lead to
 
  A) an increase in output level and a decrease in price.
  B) a decrease in output level and an increase in price.
  C) a decrease in output level and no change in price.
  D) neither a change in output level nor a change in price.

Question 2

Refer to Figure 9.7. Because of this policy, total producer surplus including funds received from the government will be at least
 
  A) 10,000.
  B) 40,000.
  C) 80,000.
  D) 100,000.
  E) 160,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

elyse44

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

C


DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jul 1, 2018
Thank you


elyse44

  • Sr. Member
  • ****
  • Posts: 319
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Cellular mechanisms that increase protein diversity Cellular mechanisms that increase protein diversity
The small-scale distribution of different tree species in a Douglas-fir forest is determined by both The small-scale distribution of different tree species in a Douglas-fir forest is determined by both
Small and large intestines Small and large intestines
Elaboration Likelihood Model of Attitude Change Elaboration Likelihood Model of Attitude Change
The Holliday model for homologous recombination The Holliday model for homologous recombination
A very small sampling of organisms in an arctic food web on land. A very small sampling of organisms in an arctic food web on land.
Video: Blood Test Basics

For a complete list of videos, visit our video library