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

Author Question: Which of the following is true at the exchange equilibrium between two individuals? A) Their ... (Read 39 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
on: Jul 1, 2018
Which of the following is true at the exchange equilibrium between two individuals?
 
  A) Their marginal rates of substitution are equal.
  B) The slopes of the individuals' indifference curves are equal.
  C) Both individuals' marginal rates of substitution are equal to the ratio of the prices of the goods.
  D) A and B only
  E) A, B, and C are all true.

Question 2

Refer to Figure 9.4. If the government establishes a price floor of 40 and government purchases the surplus over quantity demanded, the resulting deadweight loss will be
 
  A) 15.
  B) 10 widgets.
  C) 1,050.
  D) 1,200.
  E) 2,400.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meltdown117

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

C


Evvie72

  • Member
  • Posts: 519
Reply 2 on: Jul 1, 2018
Excellent

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Soils support plant growth through ion exchange Soils support plant growth through ion exchange
A pedigree for a rare autosomal recessive trait. In these pedigrees, most affected individuals have A pedigree for a rare autosomal recessive trait. In these pedigrees, most affected individuals have
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
The consequences of a single exchange between two nonsister chromatids The consequences of a single exchange between two nonsister chromatids
individuals with xeroderma pigmentosum individuals with xeroderma pigmentosum
Write the acidic equilibrium equation for HC₆H₅O. Write the acidic equilibrium equation for HC₆H₅O.
Video: Physiology of Asthma

For a complete list of videos, visit our video library