« previous next »

Author Question: Refer to Figure 9.2. At price 0E and quantity Q, the deadweight loss is A) 0ACQ. B) 0ECQ. C) ... (Read 101 times)

mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
on: Jul 1, 2018
Refer to Figure 9.2. At price 0E and quantity Q, the deadweight loss is
 
  A) 0ACQ.
  B) 0ECQ.
  C) 0FCQ.
  D) EFC.
  E) none of the above

Question 2

Pedro buys market basket A that includes 10 books at a price of 20 per book and 10 DVDs at a price of 10 per DVD. Market basket B contains 12 books and 12 DVDs. Based on this information, which of the following statements is NOT true?
 
  A) Revealed preference analysis implies that Pedro only prefers basket B to basket A if basket A is more expensive.
  B) Pedro prefers market basket B to basket A.
  C) Market basket B will cost more than basket A.
  D) If the prices change and Pedro chooses market basket C, which now costs the same as basket B, then basket C is prefer to basket A.


Anonymous

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a
Lewis symbols,(Figure 1) Lewis symbols,(Figure 1)
Hair loss due to DHT Hair loss due to DHT
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Video: Protein Structure - Primary, Secondary, Tertiary and Quaternary

For a complete list of videos, visit our video library