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 35 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

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

How to shift and reflect a square root function using transformations How to shift and reflect a square root function using transformations
Structure and function of complex I (NADH–coenzyme Q reductase) Structure and function of complex I (NADH–coenzyme Q reductase)
How to vertically shift a sinusoidal function (y=a*sin⁡b(x−c)+d) How to vertically shift a sinusoidal function (y=a*sin⁡b(x−c)+d)
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
Derivative of Inverse Trig Function Derivative of Inverse Trig Function
Prove that each of the following real functions f has a discontinuity. For each function, ... Prove that each of the following real functions f has a discontinuity. For each function, ...
Video: Medullary osmotic gradient: countercurrent multiplier, urea recycling & vasa recta countercurrent exchange

For a complete list of videos, visit our video library