« previous next »

Author Question: Which of the following is not an in-kind benefit? a. A company life insurance policy. b. A ... (Read 82 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?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

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?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

The Ku Klux Klan forces John Campbell, a black man, to beg for his life in Moore County, North Carol The Ku Klux Klan forces John Campbell, a black man, to beg for his life in Moore County, North Carol
W. A. Rogers’s engraving, “Out of the Game,” showed one injured boy tending to another. It appeared W. A. Rogers’s engraving, “Out of the Game,” showed one injured boy tending to another. It appeared
This cover of Life (1925) offered a stereotypical rendering of the new generation: a young couple .. This cover of Life (1925) offered a stereotypical rendering of the new generation: a young couple ..
How to avoid car insurance claims How to avoid car insurance claims
Older Adults Benefit from Good Nutrition and Physical Activity Older adults Older Adults Benefit from Good Nutrition and Physical Activity Older adults
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
Video: Fermentation - When Oxygen Is Absent, Pyruvate to Lactate & Pyruvate to Ethanol

For a complete list of videos, visit our video library