Author Question: Refer to Figure 9.7. After the policy, consumer surplus became A) 0. B) 10. C) 20. D) ... (Read 49 times)

tingc95 · **on:** Jul 1, 2018

Refer to Figure 9.7. After the policy, consumer surplus became

A) 0.
B) 10.
C) 20.
D) 20,000.
E) 40,000.

Question 2

Which of the following is true of cost curves?

A) The ATC curve goes through the minimum of the MC curve.
B) The AVC curve goes through the minimum of the MC curve.
C) The MC curve goes through the minimum of the ATC curve, to the left of the minimum of the AVC curve.
D) The MC curve goes through the minimum of the AVC curve, to the right of the minimum of the ATC curve.
E) The MC curve goes through the minimum of both the AVC curve and the ATC curve.