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

Author Question: The market supply function is P = 10 + Q and the market demand function is P = 70 - 2Q. What is the ... (Read 56 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
on: Jul 1, 2018
The market supply function is P = 10 + Q and the market demand function is P = 70 - 2Q. What is the change in consumer surplus associated with a minimum floor price of 40?
 
  A) -25
  B) -150
  C) -175
  D) -200

Question 2

Bubba Burgers has discovered there are economies of scope available to the restaurant. Which is most likely to be a response to this discovery?
 
  A) Bubba adds more varied inputs to burger production.
  B) Bubba expands burger production, focusing on that one good.
  C) Bubba contracts burger production.
  D) Bubba adds grilled chicken sandwiches to the menu.
  E) Bubba cuts back on the diversity of the menu.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


Engineer

  • Member
  • Posts: 527
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Pulmonary function test Pulmonary function test
The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
Probability of Major Depression as a Function of 5-HTT Allele and Levels of Maltreatment ... Probability of Major Depression as a Function of 5-HTT Allele and Levels of Maltreatment ...
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Integral of function p2 Integral of function p2
Exponential and log function Exponential and log function
Video: Digestion Animation

For a complete list of videos, visit our video library