[Answered] Refer to Figure 9.7. Before the policy was implemented, consumer surplus was A) 30. B) 60. C) ...

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Author Question: Refer to Figure 9.7. Before the policy was implemented, consumer surplus was A) 30. B) 60. C) ... (Read 60 times)

Coya19@aol.com

Hero Member
Posts: 601

on: Jul 1, 2018

Refer to Figure 9.7. Before the policy was implemented, consumer surplus was

A) 30.
B) 60.
C) 45,000.
D) 90,000.
E) 180,000.

Question 2

A variable cost function of the form: VC = 23 + Q + 7Q2 implies a marginal cost curve that is

A) linear.
B) downward sloping.
C) U-shaped.
D) quadratic.

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ciecieme

Sr. Member
Posts: 331

Reply #1 on: Jul 1, 2018

Answer to Question 1

C

Answer to Question 2

A

Coya19@aol.com

Member
Posts: 601

Reply 2 on: Jul 1, 2018

Gracias!

carlsona147

Member
Posts: 341

Reply 3 on: Yesterday

Thanks for the timely response, appreciate it

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Author Question: Refer to Figure 9.7. Before the policy was implemented, consumer surplus was A) 30. B) 60. C) ... (Read 60 times)

Coya19@aol.com

Refer to Figure 9.7. Before the policy was implemented, consumer surplus was A) 30. B) 60. C) ...

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Need homework help now?

ciecieme

Refer to Figure 9.7. Before the policy was implemented, consumer surplus was A) 30. B) 60. C) ...

Coya19@aol.com

carlsona147