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Author Question: The figure above shows the market for hot dogs. a. What is the maximum price consumers are willing ... (Read 39 times)

eruditmonkey@yahoo.com

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The figure above shows the market for hot dogs.
a.   What is the maximum price consumers are willing to pay for the 25th hot dog?
b.   What is the efficient quantity?
c.   Suppose that the production was limited to 25 hot dogs. In the figure, indicate the amount of the deadweight loss.


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Marked as best answer by eruditmonkey@yahoo.com on May 24, 2019

pocatato

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eruditmonkey@yahoo.com

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Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it


diana chang

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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