« previous next »

Author Question: Which of the following is not an in-kind benefit? a. A company life insurance policy. b. A ... (Read 78 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
on: Jul 1, 2018
Which of the following is not an in-kind benefit?
 
  a. A company life insurance policy.
  b. A company health plan.
  c. A company's annual holiday bonus.
   d. A company car.

Question 2

The above figure shows the market for a given product. Defining welfare as consumer surplus plus producer surplus, calculate the social welfare associated with perfect competition, single-price monopoly, and a perfect-price-discriminating monopoly.
 
  Which market structure(s) maximize social welfare?
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


huda

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

Social welfare equals
Perfect competition: A + B + C + D + E
Single-price monopoly: A + B + D
Perfect-price-discriminating monopoly: A + B + C + D + E
Social welfare is greatest under either perfect competition or perfect price discrimination.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Ernst Haeckel's Tree of Life (1879) Ernst Haeckel's Tree of Life (1879)
Willem de Zwart: Still Life with Apples in a Delft Blue Bowl, 1880–1890 Willem de Zwart: Still Life with Apples in a Delft Blue Bowl, 1880–1890
Life Expectancy in Developed Countries Life Expectancy in Developed Countries
Helgeson Company has identified the following items for possible inclusion when taking a ... Helgeson Company has identified the following items for possible inclusion when taking a ...
The three domains of life The three domains of life
Half-life explained Half-life explained
Video: Metabolic Rate, Heat and Thermoregulation - response to heat and cold stresses

For a complete list of videos, visit our video library