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Author Question: Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in producer ... (Read 112 times)

pane00

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on: Jul 1, 2018
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in producer surplus is
 
  A) 25.
  B) 5.
  C) 12.5.
  D) 20.

Question 2

If the wage increases, the isocost line will
 
  A) stay the same.
  B) shift outward in parallel fashion.
  C) rotate inward around the point where only capital is employed in production.
  D) shift inward in parallel fashion.


jrpg123456

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


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