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 59 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
YES! Correct, THANKS for helping me on my review

frankwu0507

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s
How to evaluate trigonometric functions when theta is an inverse trigonometric function How to evaluate trigonometric functions when theta is an inverse trigonometric function
How to vertically stretch and compress the quadratic function How to vertically stretch and compress the quadratic function
How to reflect a sinusoidal function across the x-axis (y=a*sin⁡b(x−c)+d) How to reflect a sinusoidal function across the x-axis (y=a*sin⁡b(x−c)+d)
Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that
Thyroid Function Thyroid Function
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library