If price support policy increases producer surplus more than reducing consumer surplus, then

A) the policy leads to a Pareto-superior allocation.
B) the policy leads to an increase in social welfare.
C) the policy improves the efficiency of society.
D) None of above.


D

Economics

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The rule for the optimal use of any input says that

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You are a collector of antique coins. You purchase a silver dollar minted in 1898 . Is this sale included in GDP for the current year?

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Refer to the table at right. If the price of the product is $1.50, and the marginal factor cost of an additional unit of an input is $135, how many units of labor should be hired?

A. 14 B. 11 C. 12 D. 13

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A dozen eggs cost $2 in the U.S. and 12 pesos in Argentina. If the real exchange rate is 5/6, what is the nominal exchange rate? Show your work

Economics